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.

Read more ...

Jamie Giles
By Marketing Administrator Jamie Giles

Taking Account March Issue 2016

The March issue of Taking Account is now available.

Read more ...

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.

Read more ...

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.

Read more ...

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.

Read more ...

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. 

Read more ...

In accordance with our engagement terms, Thomas Westcott’s Standard Terms of Business have been amended as below. Version 2 of the revised Standard Terms of Business are effective from 12 February 2016. Any work instructed after notification of the changes will be treated as carried out under the revised standard Terms of Business. For the full version of the revised standard Terms of Business click here.

 

Clause

Alteration type

Subject

2.8

Alteration

Payment terms amended from 30 days from date of request for payment to 7 days from receipt of a payment request

2.9

Alteration

Notification period reduced in line with 2.8

2.15

Addition

Credit card charges in accordance with the Consumer Rights (Payment Surcharges) Regulations

19.1

Alteration

Notification of change following direct registration of Thomas Westcott Financial Management Limited with the Financial Conduct Authority

You may be expecting it or it may come out of the blue but what should you do if you find out a customer is about to enter liquidation? 

Read more ...