At Thomas Westcott we have an experienced audit team who are involved in all of our significant corporate and not for profit audit clients.
Over the next few months we would like to introduce you to the core team of eight who are supported by an audit team of twenty across the practice who are able to provide a tailored audit which reviews the financial risks that a business is facing.
Now that Article 50 has been triggered the process of negotiating our exit from Europe and our future relationship with it begins, but even this is not to be a smooth process as it is clear that the EU wants to deal with the exit issues before discussing the future, whereas our own Prime Minister, Theresa May, would like to negotiate both the exit terms and future relationship at the same time.
Next year HMRC will start implementing its controversial new taxation regime, called Making Tax Digital, compelling businesses to keep digital accounting records and complete quarterly tax returns online.
There are many responsibilities on being a Trustee of a Charity. It is not a position which should be taken on lightly. However I believe that there are two golden rules for trustees, which if they follow should indicate that they are acting in an appropriate way for a trustee.
Businesses need to act now ahead of HMRC’s sweeping changes to the tax system, known as Making Tax Digital (MTD).
MTD, an initiative to compel businesses to keep digital records and file quarterly updates, has a launch date of April 2018 and will undoubtedly have huge implications, particularly for small businesses and the self-employed who will be the first affected.