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We have always recommended that our clients take out tax investigation insurance and it is now more important than ever.
Insurance is not the most thrilling of subjects and is probably regarded by many as a necessary evil of the modern world.
We recognise that a lot has changed in the past 18 months and we are keen to reconnect with our clients so we can offer the best possible service.
A fifth grant covering May 2021 to September 2021 will be open for claims from late July 2021. If you are eligible based on your tax returns, HMRC have advised that they will contact potential claimants from mid-July 2021 to give you a date that you can make your claim from.
A more diverse board of trustees could breathe new life into a charity and help you better achieve your goals.
Everyone involved in the not for profit sector knows that a charity is only as good as its trustees.
As businesses adapt to changing restrictions and start to recover from the pandemic, many are now faced with having to repay Bounce Back Loans.
At the risk of straying into muddy, political waters, the recent resignation of the Health Secretary has highlighted issues relating to the conduct of those under public scrutiny. One such issue with implications for charity trustees is the perceived conflict of interest.
It is more important than ever for charities to manage their cash reserves for the future.
It has been a tumultuous time for charities looking to protect and maximise the performance of their assets and reserves. Charities are faced with highly volatile investment markets, low interest rates and looming concerns about inflationary pressures.
Despite some welcome steps towards normality, most offices remain closed and virtual meetings are likely to continue to play a big part in our working lives for some time. But charities still need to make valid decisions, even where their constitutional rules could never have foreseen the circumstances in which we find ourselves living.
17 year old Jack Daniels has completed a skydive to support our charity of the year – Children’s Hospice South West. Jack is the son of Thomas Westcott receptionist Michelle Daniels and has raised £550 for the charity.
Wrongful Trading provisions have effectively been off the table since the start of the Pandemic. On 1 March 2020, the Government suspended the Wrongful Trading rules. The suspension is due to come to an end on 30 June 2021. So, what does this mean for Directors and their companies?
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Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales, details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C001091748, and details of all audit regulations can be accessed at www.icaew.com/regulations. A list of members can be found under Legal Notices. Thomas Westcott has offices in Axminster, Barnstaple, Bideford, Bridgwater, Burnham on Sea, Crediton, Exeter, Holsworthy, Honiton, Ilfracombe, Okehampton, Plymouth, Seaton, Somerton, Tiverton, Torquay and Weston super Mare.
© Thomas Westcott 2021
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