We are expanding our Somerset team with the appointment of a new Director.

Tara Bell, who will be based at their Bridgwater office, brings over 19 years’ experience in accountancy to the fast-growing regional firm. Tara specialises in landlord and property owners’ tax affairs, tax compliance and consultancy, inheritance tax planning, capital gains tax and personal tax issues. Thomas Westcott’s Bridgwater office currently employs around 20 members of staff, which includes two partners.

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Employee Ownership Trusts are becoming an increasingly popular option for controlling shareholders as Tax Partner Sheldon Cole explains…

The sale of a company to an Employee Ownership Trust (EOT) is becoming increasingly popular as an exit strategy for controlling shareholders who are looking at their business succession planning. 

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Thomas Westcott, the largest chartered accountancy network in the South West, has further invested in its staff development with new promotions for two senior Tax Managers to Director-level.

Advisors Paul Webb and Lisa Lane have both been moved up within the practice and are based at the firm’s Exeter office on Southernhay East.

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We have promoted one of our long-standing Directors bolstering our expanding partnership team.

Mandy French, who has been with the firm for 27 years and is based in the Tiverton and Honiton offices, has received the promotion to Partner. After joining Thomas Westcott in 1994, she trained and qualified at the practice.

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Bridgwater is the fifth largest town in Somerset and a major centre for industry and manufacturing in the South West which has seen significant growth in recent years. Kelly Davies, Partner with Thomas Westcott in our Bridgwater office examines whether it’s boom time for the town… 

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As we come out of the pandemic and start ‘living with Covid’, what are the risks and opportunities for charities?

It would be an understatement to say that these have been a turbulent two years. We advise a diverse range of not-for-profit clients, including hundreds of charities across the South West and beyond. While Covid restrictions meant some had to pause operations, others – such as those dealing with mental health or domestic abuse - were busier than ever, struggling to meet unprecedented demands for their services.

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Exeter is predicted to have one of the fastest growing economies in the country this year. Thomas Westcott Partner Patrick Tigwell is based in our Exeter office and is also a board member on the chamber of commerce. Here, he looks at the rise and rise of a unique city…

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Staff at Thomas Westcott have raised more than £11,000 for Children’s Hospice South West (CHSW) during an ‘incredible’ year of fundraising for the charity.

Colleagues in our 17 offices across Devon and Somerset, chose to support CHSW in 2021, the charity’s 30th anniversary year.

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In its attempt to tackle economic crime, such as fraud and money laundering, the government has introduced a new tax which comes into effect on 1 April 2022… The economic crime levy. 

Economic crime touches virtually all aspects of society and ranges from low-level frauds through to sophisticated cyber-enabled market manipulation. Fraud is now the second most common crime type in England and Wales with one in fifteen people in the UK falling victim to fraud.

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If you didn’t submit your Self Assessment tax return ahead of the deadline, you may be wondering if HMRC will consider your excuse reasonable. While HMRC has recently broadened its definition of a reasonable excuse, the onus is still on the taxpayer to make their case.

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