As every professional knows the world of tax is ever-changing. In recent years there has been a continual push to seek to simplify the UK tax system to make it simpler to administer but also seeking to close the ‘loopholes’ that often arise as a result of the complexity of the rules and hastily enacted legislation.

Read more ...

 

If you are considering taking on new commercial premises, or deciding whether to refurbish your existing business premises, there are many different things to bear in mind ahead of making your final decision.

Read more ...

 

At Thomas Westcott we have embraced new technology across the firm to enhance our service to clients. For our audit and assurance team, using computer-aided audit tools (CAATS) helps us deliver more robust assurance. This means we can offer a far more intelligent service, helping our clients face the future with greater confidence.

Read more ...

 

Following the Conservative majority in the December 2019 General Election, it seems highly likely that the Chancellor of the Exchequer, Sajid Javid, will announce a review of Capital Gains Tax Entrepreneurs’ Relief (CGT ER) in his first Budget on 11 March 2020.

Read more ...

 

Many of our clients are unsure exactly what an audit entails, including whether or not it involves a thorough examination of the company’s taxation affairs.

Read more ...

 

We have bolstered our presence in Somerset by appointing a new Certified Chartered Accountant. Szymon Krzyzanowski (pictured above on left) brings nine years’ accountancy experience to our growing firm, which has the largest network of accountancy offices in the South West.

Read more ...

 

Three of our team members are braving the January cold and spending a night sleeping under the stars in aid of South West homelessness charity Julian House.

Read more ...

 

1 February 2020

• £100 penalty and extended enquiry window if 2018-19 self-assessment tax returns not filed on or by 31 January 2020.

• Payment of corporation tax liabilities for accounting periods ended 30 April 2019 for small/medium-sized companies not liable to pay by instalments.

Read more ...

 

You do not have to search for very long to find masses of articles highlighting the benefits of formally winding down a solvent company through a Members Voluntary Liquidation (MVL). These predominantly circle around the tax advantages on distributions, but also include the peace of mind that the company has been exited through a formal process using a licensed insolvency practitioner.

Read more ...

 

Charities often become targets for cybercrime, with data or funds stolen before administrators even know they have been attacked. If a charity suffers a cyber attack, the negative impact to its reputation could be huge, so it is vital that the organisation does all it can to protect itself, and its reputation, from cybercrime.

Read more ...