Previous editions of our Taking Account Newsletter have focused on the enhanced tax relief available for qualifying expenditure on research and development (R&D) costs.

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With the well-publicised delays in basic payment and the majority of agricultural commodities over supplied, 2016 is likely to be a difficult year for many farm businesses. Profits are under pressure and cash flows are likely to become increasingly difficult to manage with many producers already at or over existing overdraft limits. 

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Gift aid allows a charity or community amateur sports club to reclaim an extra 25p from HMRC for every £1 donated to them. A declaration is required from the donor that they have already paid tax on the donation and can cover donations made in the past 4 years. The declaration must include the charity name and the donor’s full name and address details.

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Our 2016 Spring Charity Newsletter is now available online. In this latest edition we discuss Grants, Charity Payroll, and provide some advice on how to raise and use funds responsibly.

To read about this and more click here to view our online newsletter. 

Butterworth Jones and Thomas Westcott Chartered Accountants were delighted to present cheques of £5,787 to Ups and Downs Southwest and £5,650 to BRACE.  A grand total of £11,437 was raised by the staff from donations, fundraising and a Charity Ball attended by more than 180 people at Batch Country House on 9 October 2015.

Special thanks go to Barclays Bank who provided matched funding of £1,000 to Ups and Downs Southwest and to everyone who generously supported our fundraising efforts by attending the event, making donations and by gifting raffle and auction prizes.

Ann Jackson (Partner), Mark Poarch (Chief Executive of BRACE), Di Perrett (Partner), Jenny Trapnell (Barclays Bank), John Parker (Partner), Michelle Sugg (Fundraising Officer of Ups & Downs Southwest)

We've managed to get some great coverage in one of our industries most respected national publications, Economia magazine. Partners Richard Thomas and Shona Godefroy helped contribute to their 'Practice Profile' feature which provides a really positive insight into our firms aspirations.

To read of our profile feature In Economia's digital magazine CLICK HERE 

Important changes are coming that will affect your company. This article explains the changes and tells you what you need to do. 

From 6 April 2016 you needed to start keeping a record of the people who control your company - your PSC's. There are criminal penalties if you don't do this. 

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From 1 April 2016 ATOL holders are required to use an ATOL Reporting Accountant (ARA). This requires all accountants who produce reports for the Civil Aviation Authority (CAA) be members of a participating accountancy body, register to take the required training and become part of the ARA scheme. 

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Our 2016 Spring/ Summer Agricultural Newsletter is now available. 

In this latest edition we take a look at the impact of the Somerset floods on the local farming industry 2 years on. Plus we here from Phil Cork of Crediton Dairy on the issue of milk price in 2016. 

To read about this and much more click on the image below.


A cheque for more than £4,000 was presented to the South West Multiple Sclerosis Centre charity by Thomas Westcott Chartered Accountants.

The money, which in total came to £4,100, was raised at the firm’s annual charity golf day and other fund raising events and will go towards daily running costs of the centre in Clyst Heath, Exeter.

The South West MS Centre receives no government funding, relying solely on charitable donations in order to survive and is run by a team of part time staff and dedicated volunteers.

Therapies offered at the centre to those with MS include hyperbaric oxygen, reflexology, yoga and physiotherapy.

The cheque from Thomas Westcott was formally handed to the centre’s management by Steve Cresswell, partner and head of the firm’s charities and not for profit team.

(Alan Whiteman, Steve Cresswell, Caroline Smith, Paul O'Hara)

Steve, who was given a personal tour of the centre to see for himself the facilities and therapies offered to people suffering with MS, said: “To see the excellent work being done here by dedicated teams of mostly unpaid volunteers is truly eye-opening and I am very moved that Thomas Westcott can help this worthwhile cause through our ongoing fundraising activities.

“As a firm we are committed to raising funds for this charity and are very grateful for the continued support of our sponsors and the many teams who gave their time to take part in our annual golf day.”

He added: “Without the ongoing help and willing assistance from the centre’s members this event would not be the tremendous success it is.”

Caroline Smith, centre manager, said: “At the South West MS Centre we have shared experiences and know and understand what it feels like for such a debilitating condition to impact on your life.

“We like to think of the centre as an oasis of caring, supportive and like-minded individuals who come together to support each other.”

She added: “It’s a fact of life that we have to depend on the charity of others in order to deliver these treatments that make the lives of people with MS that little bit more bearable, and we would like to thank Thomas Westcott and the many other individuals and businesses who help us achieve this.”

(The South West MS Centre)

(Hyperbaric Oxygen Chamber)


To read about the great work they do at the centre click here to visit their website