To whom do we entrust the running of BFC?

https://s3-eu-west-1.amazonaws.com/...OLgGRn9lLaGllq/Eycb+uYo480IBw/rGBedMo+JXdygU=

 

And what I have said is that I cannot comment on those specific things unless I know the exact circumstances. If we are talking about specific incidents, then I have to know the details before I can comment.

My comments, and the basis for those comments is on the general rules that govern the accountancy profession, and specifically the rules that govern how transactions are reflected in annual accounts. There was an allegation that the annual accounts of Barnsley FC, a limited company, were falsified and I do not believe that they were. The allegation implies collusion with the company auditors and I made my initial comment on that basis.

 

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And I assume it's the accounts. That if IIRC tell us nowt about where expenditure went

 

With the greatest of respect I am not suggesting that Accountants are in any way grubby or unprofessional.
I don't have inside knowledge. I studied basic accountancy towards gaining a professional qualification so have a
limited understanding of the workings of basic profit and loss accountancy. If you buy a brand new car the minute you drive it off the forecourt you lose the VAT value on that vehicle.

Keep it for say four years and at the end of that time you might recover £6k of the original £12k you
paid for it if it's in reasonable condition. It's the same for any asset it's termed depreciation. Gibson and Booth
will suggest "writing down" or devaluing fixed assets over time to arrive at any desired position.

By the use of the word "artistic / creative" I implied in the strict sense of the word "aesthetically pleasing as in using a skill" not as
you have quite wrongly interpreted as meaning underhand or in any way criminal.

The driving force of any business is to generate profit and where possible to lose as little money as possible that's where
a good Accountant can come in. You pay for them to advise you on the best way to hold on to as much of your money as you
can. If that means limiting the amount of tax to be paid they will find ways and means within the confines of the law to do just that.

For example by employing the finest Accountants and accepting their advice to re-locate their Head Office to Switzerland retail giant Amazon paid just £11.3 million on a legitimately declared profit of £5.3 billion of U.K. sales turnover which prompted
HMRC and Government Ministers to voice their disapproval.

In retaliation Amazons representatives said that the UK tax laws are so riddled with exemptions and loopholes
it was relatively easy to arrive at the final figure to be paid which has now prompted the UK Government to look at ways
to ensure that in future firms like Google and Amazon pay their fair share of tax from sales within the UK.

 

You often talk a lot of sense on here. However, this is not one of those occasions. A very tight ship is run at Oakwell. Every little helps. Why would we not want to legally minimise the amount of tax we pay?

 

Because we have £9.5m in tax losses.

 

Not an allegation RED fact. My use of the word "artistic" does not imply criminal or illegal.
Re- "Nureyev showed all the criminal flair that a dancer of his standing should"
or "Goya expressed a criminal talent for all that's good in still life" etc.

By artistic I meant all necessary skills and techniques at a professional ( someone paid money to deliver a service)
persons disposal to reflect a desired outcome.

In a football Clubs case if that means reflecting the precise attendance at every home game, the number of pies and programmes sold that's fine but there will be elements within their costing model that will have depreciated over time
and the Accountants will show that within the final published Accounts.

In our case if we "lost" a million during the year in question it's not the owners or anybody's mismanagement at fault
there will be a financial reason behind such an outcome.

 

I've just spent an hour or so reading through a number of threads on the BBS and I would like to congratulate sincerely the posters to this thread who have exchanged views and opinions in an adult fashion without descending into sarcasm, name-calling and insults. It has read to me like an intelligent debate based on people's experience rather than just one person trying to ram their point of view down another person's throat.

Well done Donny Red, Red Rain and all the other posters to this thread !