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Ian McMurtry
By Partner Ian McMurtry

ATOL Service

From 1 April 2016 ATOL holders are required to use an ATOL Reporting Accountant (ARA). This requires all accountants who produce reports for the Civil Aviation Authority (CAA) be members of a participating accountancy body, register to take the required training and become part of the ARA scheme. 

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Jamie Giles
By Marketing Administrator Jamie Giles

South West MS Centre visit

(Alan Whiteman, Steve Cresswell, Caroline Smith, Paul O'Hara)

A cheque for more than £4,000 was presented to the South West Multiple Sclerosis Centre charity by Thomas Westcott Chartered Accountants. 

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Jamie Giles
By Marketing Administrator Jamie Giles

Sedgemoor Business Excellence Awards 2016

The Sedgemoor Bunsiness Excellence awards recognises the hard work done by local businesses in the Sedgemoor area of Somerset. It's annual event and 2016 was its fourth year, this time around being hosted at Bridgwater College on the 17th March.

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Jamie Giles
By Marketing Administrator Jamie Giles

Taking Account March Issue 2016

The March issue of Taking Account is now available.

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Jamie Giles
By Marketing Administrator Jamie Giles

2016 Budget Summary

Following today's Budget Announcement by the Chancellor George Osborne, Click Here for an 'easy to understand' summary

Jamie Giles
By Marketing Administrator Jamie Giles

Two new additions to our Agricultural Consultancy team 

Jack White (left) Peter Brown (right)

Today we are announcing the further strengthening of our highly successful Agricultural Services team with the appointment of two new experienced consultants.

Peter Brown and Jack White’s appointments expand our capabilities and range of services available to farming and rural businesses in the region.

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Parkhurst Hill and Thomas Westcott Merger

We’re delighted to announce that our firm has merged with one of Plymouth’s leading firms of chartered accountants and taxation advisers, Parkhurst Hill. 

The merger sees our existing Plymouth-based staff move from our former office in Queen Anne Terrace to Parkhurst Hill’s offices in Plym House, Marsh Mills, bringing total headcount there to 35 including five partners.

In Plymouth the merged business will operate under the name Parkhurst Hill and Thomas Westcott.

 

 

Thomas Westcott was recently amongst the finalists for Mid-Tier Accountancy Firm of the Year at the National Accountancy Awards and we have 18 offices throughout Devon and Somerset. 

Parkhurst Hill, being one of Plymouth’s most established professional services firms, builds on this growth creating a combined practice of 220 staff and 28 partners. 

Paul Stapleton, senior partner at Parkhurst Hill, now Parkhurst Hill and Thomas Westcott, says: “This merger brings together a tremendous wealth of experience and talent and creates what we are confident is Plymouth’s best independent provider of accountancy and business services, but very much focussed on personal delivery. 

“Uppermost in our thoughts was the impact this announcement would have on our clients. However, we know that we will be able to continue to provide our clients with the very personal service they are used to but they will be able to benefit from specialist services provided by our own partners and from the expertise in the new merged practice.”

Richard Thomas, Chairman of Thomas Westcott, says: “We are very proud of our reputation as one of the South West’s most successful and respected accountancy practices, and all our discussions with Parkhurst Hill’s team showed they share our values and ambitions.

“Plymouth is a vibrant city with a diverse and strengthening economy and this merger both highlights this fact whilst underlining our determination to deliver what we consider to be a high quality personal service to businesses in Plymouth and beyond.”

 

 

 

Some start-up businesses view accountants as a luxury, or think that they are there to simply fill out the necessary forms that keep the taxman happy. However, a good accountant will offer you much more than this. Your accountant should be one of your main allies – providing proactive advice to ensure your new business survives and prospers.

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Recently the Charity Commission have issued several press releases reminding trustees of their responsibilities over the filing of Annual accounts and Trustees annual reports.

The Charity Commission emphasise that filing accounts is key to transparency and public trust in Charities. Not only are responsible for ensuring that accounts are filed on time, they are also responsible for ensuring that they conform with the requirements of Charity Legislation.

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A whole raft of new tax rules have already taken or will take effect in the coming years that particularly affect those not resident or not domiciled in the UK. Such individuals should consider undertaking a thorough review of their affairs to ensure that tax planning opportunities are identified and an increasing number of pitfalls and tax charges avoided. 

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