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.
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.
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.
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.
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.
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.
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.
As one of the largest independent accountancy practices in the South West, we are committed to supporting initiatives that help people further their careers. One way we do this is by offering work placements.
Preparing for the management of your estate after your death can seem like a daunting task. Careful planning, however, will help to make your wishes clear for your friends and family during what will be a very difficult time.