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Nick Smy
By Partner Nick Smy

A new accounting standard has been introduced which affects certain items that appear in a set of farming accounts.

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This month our we talk to Stuart Pedlar, a Chartered Certified Accountant based in our Barnstaple office. 

What is you role within Thomas Westcott?

My primary role is as a Manager at our Barnstaple office, working for a portfolio of clients throughout a range of business sectors from new self-employed persons to long established limited companies. Most of my work involves ensuring completion of Annual Accounts, Tax Returns and VAT, but can also include specific special projects. Previously I have also been involved with both Charity and Audit work.

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Mark Tibbert
By Tax Partner Mark Tibbert

 

It is often the case that as a company evolves it can end up with multiple separate trades or could have established a significant property portfolio alongside its trading activities. This diversification in assets and trading activities can be vital for the growth of the business but can create its own problems, some of which could be:

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Jack White
By Agricultural Consultant Jack White

As a new entrant looking to get started in the agricultural industry there are often many barriers in your way.  Obtaining sufficient working capital, finding land with ‘affordable’ rents and accessing a market for your produce are just a few.  If you are lucky enough to get started and make a career out of farming, some years later you may well be faced with the opposite problem; succession and the best way to get out of farming.

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Ann Jackson
By Partner Ann Jackson

In this, Part 2, of a series about taxation of the family I have highlighted below some Capital Gains Tax and Inheritance Tax points of which Married Couples should be aware. In forthcoming blogs I will go on to discuss more specific issues for children

 

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Following an exceptional 18 months, during which we not only strengthened our offering in Devon but also expanded beyond the county for the first time ever, we are in the running for a prestigious business award.

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Keith Clay
By Partner Keith Clay

What are Reserves?

In simple terms reserves are that part of a charity’s unrestricted funds freely available to spend on the charity’s purposes.  These exclude restricted, endowment funds and designated funds.

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Ann Jackson
By Partner Ann Jackson

In this, Part 1, of a series about taxation of the family I have highlighted below the importance of utilising allowances and the joint ownership of assets for the Married Couple. In forthcoming blogs I will go on to discuss Capital Gains Tax and Inheritance Tax issues and more specific issues for children.

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This month we learn more about Okehampton based Accounting Technician, Sarah Chammings.

What is you role within Thomas Westcott?

I am an Accounting Technician in the Okehampton Office where I prepare Accounts, Tax Returns, VAT Returns, PAYE and bookkeeping. I have also just become Quickbooks Certified,  which means I will be able to assist our clients who have moved onto the new cloud based Quickbooks Intuit.

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We continue our profile of the Audit and Assurance team this week with two more of the core members, Cat Brown & Heather Davis. 

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