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In the world of business, the need to reimburse staff for expenses they incur is well understood and a regular part of life. Similar issues arise for Charities but I frequently come across circumstances where trustees get this wrong.
Businesses are becoming increasingly frustrated by the government’s inability to reach a consensus on a deal with EU. Without some certainty of what the business environment will look like, post the UK’s leaving date of Friday 29 March 2019, many are deferring any investment plans which is causing a stall in the economy.
Everyone in farming will have learned something from 2018. For me it has shown that it has really important to understand the risks affecting farming businesses (and their families) and what might be done to mitigate them.
Our in-demand Business Recovery and Insolvency (BRI) department has been further strengthened by the arrival of experienced specialist, Kerry Austin.
HMRC have recently admitted that over 200,000 parents receiving Child Benefit could be forgoing part of their future entitlement to State Pension.
Our new Audit and Accounts Manager, Peter Elliott, takes part in this month's Q&A Staff Profile.
The increases to the minimum contributions: from 6th April 2019.
Temporary increase in the Annual Investment Allowance (AIA), beware the transitional rules, and get the timing right to maximise the AIA available.
Most people know of the high-profile employee owned companies like Lush and the John Lewis Partnership. Following new tax incentives introduced in 2014 by the government there has been a steady rise in employee owned companies and it is being used as an alternative solution to a trade sale or management buyout, to provide an exit for business owners.
You may notice that there has been a recent change to the government gateway account as below – please be assured this is appearing automatically on every VAT gateway account and not an indication that you have been signed up to the MTD for VAT pilot scheme.
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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