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Well done to our very own Katrina Cheung who completed the London Marathon this year, fulfilling a personal ambition whilst raising thousands for charity.

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Dale Simpson
By Partner Dale Simpson

Last week Thomas Westcott delivered a series of eight seminars at venues through the South West on Making Tax Digital (MTD). During that week the government announced that, due to the general election, a slimmed down version of the Finance Bill was to be debated for one day in parliament and became enacted as the Finance Act 2017 on Thursday 27th April.

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Ray Symons
By Partner Ray Symons

Farming profits can fluctuate quite significantly on an annual basis and the possibility of averaging profits over a two year period is a well known feature of the tax system that applies to farmers. Whilst this provision still exists, it is now possible for farmers to average their profits for a five year period.  

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We continue our profile of the Audit and Assurance team this week with two more of the core members, Di Perrett and Alan Sanders. 

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We meet Hannah this month, another of our rising stars who has worked through our training programme and recently became a fully qualified Chartered Certified Accountant. She's also not bad with a golf club!

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Mark Tibbert
By Partner Mark Tibbert

Introducing our newest feature for our blog, Tax Talk, featuring fortnightly articles by our experts on topical tax issues. 

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Mark Tibbert
By Tax Partner Mark Tibbert

Below are some key financial dates and deadlines for May 2017

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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. 

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Gillian Herniman
By Partner Gillian Herniman

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.

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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. 

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