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Many businesses use risk registers to help identify, and mitigate against, potential risks. A risk register is a crucial tool for any business, especially in areas such as project management.
Accounts Manager Stuart Pedlar took part in the Bristol Half Marathon and raised more than £700 for charity Designability – a cause very special to Stuart and his family.
Internal controls are a key way for businesses to prevent fraud. In recent years there have been a number of high-profile cases of companies and charities being targeted by fraudsters, both internal and external to those organisations. However, what is less well publicised is the value of wealth that is lost simply as a result of poor internal controls and badly designed systems.
Thank you to all our clients and professional contacts who attended our recent golf day, which raised £6,754.76 for South West MS Centre. We have held an annual golf day in support of the Exeter-based charity for more than 15 years.
If your business has survived the start-up phase, you are likely to find yourself in the position of running a growing business. This period in a business’ growth typically lasts between two and ten years and brings a whole new set of challenges and opportunities.
(Left to right, Edwin Tan, Megan Sweeney, Harry Gunn, Lorne Morris, Laura Morgan, Luke Jones)
We have welcomed five new trainee accountants to the firm – taking the number to 30 graduates, school and college leavers now progressing through our trainee programmes and apprenticeships.
There has been a clear line between the tax treatment of company cars and vans for some years. However, most recently HM Revenue and Customs (HMRC) is taking a fresh look at whether certain types of vans should be classed as cars for taxation purposes. It’s still a live issue and, once decided, the impact is likely to be significant for those affected.
We are pleased to announce the promotion of Agricultural specialist Peter Brown to the role of Director.
HMRC have announced that the implementation of the VAT Domestic Reverse Charge for CIS Construction services is to be postponed until 1 October 2020.
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Registered to carry on audit work in the UK and Ireland 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 2019
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