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A source of grant funding available across the South West to businesses operating in rural areas has reopened to new applications. This is now available to support projects that increase rural jobs, growth and productivity in rural areas. Rural businesses and organisations can now apply to the Rural Payments Agency (RPA) for grants through the Rural Development Programme for England (RDPE) Growth Programme.
Being an executor for an estate is a considerable responsibility. It is likely to be time consuming and can be an additional source of stress at a difficult time. That is why it is important to get specialist advice to support you through the probate process.
If you run a charity you should be aware of the importance of your trustees avoiding conflicts of interest. But what does that really mean and why is it so important? For small charities in particular, some of which have no staff and are run entirely by trustees, it is vital to understand what this means and how to remain compliant. However, this is an issue that affects all charities.
The South West has traditionally been known for a preponderance of businesses in the agricultural, leisure and tourism sectors. Now, there is a ‘new kid on the block’: the tech company.
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.
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.
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.
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.
HMRC have announced that the implementation of the VAT Domestic Reverse Charge for CIS Construction services is to be postponed until 1 October 2020.
The Government has updated its guidance for charity trustees. The new guidance provides charities with greater clarity on what they need to do to ensure they commission genuinely independent examinations.
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.
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