Charities must ensure they follow the right procedure before making any changes to their governing documents.

The charity and not for profit sector has faced many challenges in recent months, as a result of the impact of Covid-19. However, the pandemic has also presented charities with many opportunities to support beneficiaries in new ways. 

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Over the last 12 months, many charities have changed the way they fundraise and deliver services to meet the challenges of the pandemic. This has made it more important than ever for trustees to exercise scrutiny and challenge charities.

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Over the last five years, a strategic priority for Thomas Westcott has been to grow and develop our specialist tax team. It’s just one way we’re ensuring we meet the changing needs of our clients across the South West and beyond.

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All charities have been impacted in some way by the pandemic. With many fundraising events beings cancelled and further public sector cuts, charities are left with large holes to fill without the luxury of time to do so. It is no surprise that our phones are starting to ring as trustees seek professional advice in these difficult times.

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Recent years have seen businesses faced with more choice than ever when it comes to accessing finance. Our Corporate Finance team is advising businesses on applying for funds from an increasingly diverse mix of lenders and investors. 

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Head of our Corporate Finance team, Alison Watts, has been made a Partner of Thomas Westcott Chartered Accountants. 

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We have promoted Cat Williams to the position of Partner and Head of Charities and Not for Profit. Cat will lead our specialist charity team, following the recent retirement of Steve Cresswell.

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Over the past twelve months there have been a number of consultations on R&D reliefs; perhaps the most interesting one was looking at what is qualifying expenditure for the purposes of the relief and looking to make it a more targeted relief. Although responses to some of these consultations have been published and adopted, the most recent consultation (March 2021) has sought to bring them all together. 

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On Thursday 27 May we’ll be sharing our advice on careers in accountancy and financial services. Aimed at school leavers, students and anyone considering a career change, our free webinar will help you understand the many different routes into the profession. We’ll also be giving some tips on applying for jobs. 

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As we find ourselves coming out of the other side of the Pandemic, and with the glimmer of hope that business and social work events are soon to be back on the agenda, I thought that now would be a good time to remind you of the tax implications of entertaining. 

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