Significant changes to the UK benefits system are being phased in over the next four or five years. Various existing benefits are being replaced by the new "UNIVERSAL CREDIT". In this article Steven Fitzgerald (manager based in our Exeter Tax Department) summarises some aspects of Universal Credit, the transition from the Tax Credit system and the potential impact of delays in the transition to the new system.

Please follow the link: http://www.thomaswestcott.co.uk/images/publications/fact-sheets/Fact-Sheet-Universal-Credit-and-Tax-Credits-Update-April-2014.pdf

For further advice on these matters, please contact Steven Fitzgerald on 01392 288555 or email steven.fitzgerald@thomaswestcott.co.uk

For our overview of the key points that employers must know from 6 April 2014 follow the link.

Employers Update 2014-15

The latest issue of our Taking Account Newsletter has been published; follow the link to read the latest news and topical issues.

Taking Account March 2014

Following today's Budget Announcement by the Chancellor George Osborne, here is a 'easy to understand' summary. http://www.thomaswestcott.co.uk/images/publications/budget-briefings/2014-Budget-Summary-2014.pdf

If you have any questions about the summary please contact Michael Marsh on 01392 288555 or email Michael.marsh@thomaswestcott.co.uk

 

Thomas Westcott is delighted to be sponsoring the WESC Charity Pub Quiz again this year, good luck to all the teams who have entered.

It is time to announce our first, big, fun, fundraising event of the New Year, that's right... our pub quiz is back! Come along to WESC Foundation on Wednesday 26 February 2014 at 7pm.

The quiz last year was a fabulously fun evening! Everyone who took part enjoyed themselves and we raised nearly £2000 towards projects at WESC Foundation.

At a cost of £8 per person, teams of up to six are invited to come along and battle it out by answering a selection of general knowledge questions.

A buffet is included in the entry fee, with drinks available from the bar and there will be a special prize for the winning team.

For more event information or to reserve a team place, please call Maggie Garrett, on 01392 454343 or email mgarrett@wescfoundation.ac.uk

Pop the date in your diary today!


WESC Foundation
Ian Huggett

Ian Huggett has joined Thomas Westcott as a Partner and is based in our Barnstaple office.

Ian has spent the last 25 years as a Chartered Accountant in practice in North Devon, initially in tax based roles and more recently advising a wide range of non-agricultural businesses and their owners.

His main aim is to help business owners to run their own businesses free from the worry of administrative burdens and unplanned for occurrences.

Ian has a particular interest in VAT and VAT planning, issues surrounding business sustainability and small business acquisitions and disposals as well as those slightly off the wall areas of tax and accounts where other accountants may fear to tread.

Ian is a long term member of both the ICAEW Tax Faculty and Audit and Assurance Faculty.

Click to read a short summary of the Autumn Statement 2013 delivered by George Osborne on 5th December 2013

Autumn statement 2013

The latest issue of our Taking Account Newsletter has been published; follow the link to read the latest news and topical issues.

Taking Account Nov 2013

Chris Hill

Chris Hill has joined Thomas Westcott as a Partner and is based in our Exeter office.

Chris has joined Thomas Westcott having worked for the last 18 years at a regional office of one of the large national firms of accountants. He has nearly 25 years’ experience advising businesses and their owners on development, growth and ultimate exit strategies. His clients range from start-ups to multimillion pound operations.

He adopts a pragmatic and commercial approach, working alongside his clients as they work towards their goals.

He is a specialist in professional practices and in advising businesses in the manufacturing and technology sector. He also has extensive experience seeking finance / refinancing businesses and has strong contacts in the banking and finance sector.

Mark Tibbert

We are delighted to announce that Mark Tibbert from our Barnstaple and Bideford offices has been appointed as Tax Partner.

Mark has a particular interest and specialism in tax advice on corporate structures; reorganisations; acquisitions and disposals and share schemes.

He has advised on the UK tax aspects for acquirers and vendors of deals from £100,000 through to £80million plus, covering the structure of the transactions from both a corporate and personal tax perspective; negotiating tax warranties and indemnities; and compiling due diligence reports.

As well as deals Mark has advised on a range of share schemes for owner managed businesses through to listed companies. Implementing EMI Options through to more bespoke employee share schemes and negotiating share valuations with HMRC as appropriate.