- Home
- News & Blog
News & Blog
Today was the first time the current Chancellor has had a chance to consider delivering a Budget Statement without national restrictions being in place. Although the impacts of Covid are still being felt there are clear signs of an economic bounce back, and with the forecast revenues ahead of when he gave his last Budget in March 2021 this has given the Chancellor the opportunity to be more optimistic.
Regular management accounts should be a key component of your business to help you get to where you want to be. But what should they include and how often should you do them?
There is no legal requirement to do regular management accounts and they can include whatever you want. It’s about deciding what’s specific to your business so you should focus on whatever is most relevant to you.
Grants are currently available to businesses based in certain areas of Cornwall through Community Led Local Development. A brief summary of the grant funding available is set out below:
Fraud is a growing risk for charities, so it is important for trustees to be able to spot a threat.
How often do you hear about fraud in the news? Sadly, in today’s world it happens too often and anyone with an internet connection or an email address is at risk.
After Brexit and the pandemic, could energy prices be the straw that breaks the camel’s back for tourism and hospitality businesses?
The world is full of tipping points. For years at a time we grumble at small changes that each make life a little more challenging but which leave things broadly unchanged.
Our top team of runners has raised more than £1,500 for Children’s Hospice South West.
Seven members of staff from our Barnstaple, Axminster and Seaton office put in weeks of training and fundraising to get ready for Britain’s Ocean City Half Marathon, which took place last month.
The South West is home to many pioneering businesses but it is not always clear how to access the funding for research and development (R&D). In fact, some businesses are not even aware that the innovative work they are carrying out is R&D.
I’ll have the opportunity to discuss this issue with businesses this week. Thomas Westcott is sponsoring the SW Innovation Expo, taking place in Exeter on 14 October, and I’m delighted to be attending with colleagues. I’m looking forward to meeting businesses from across the region and learning about their breakthroughs in cutting edge technology and innovative ideas.
Earlier in the year there was speculation that the Chancellor may not hold an Autumn Budget this year. We now know that will not be the case with the announcement last month that the Autumn Budget will be held on 27 October 2021, so what can we expect?
When I wrote in September 2020 that manufacturing output had grown at its fastest rate since May 2014, I never imagined we would still be feeling the pandemic’s effects 12 months later. Nevertheless, the take up of the vaccine across the UK does give some grounds for optimism.
Thomas Westcott is proud to be supporting the SW Innovation Expo on 14 October and sponsoring the Innovation Showcase.
The SW Innovation Expo is an important event for the region. The South West is fast developing a reputation as a technology and innovation hub and we recognise the importance of this for the region’s economic growth and prosperity.
Subcategories
Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales, details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C001091748, and details of all audit regulations can be accessed at www.icaew.com/regulations. A list of members can be found under Legal Notices. Thomas Westcott has offices in Axminster, Barnstaple, Bideford, Bridgwater, Burnham on Sea, Crediton, Exeter, Holsworthy, Honiton, Ilfracombe, Okehampton, Plymouth, Seaton, Somerton, Tiverton, Torquay and Weston super Mare.
© Thomas Westcott 2022
You are now leaving the Thomas Westcott website. Thomas Westcott is not responsible for the content of the PrimeGlobal website nor the content of the websites of other independent member firms of PrimeGlobal. Equally, PrimeGlobal is not responsible for the content of the websites of independent member firms, including the Thomas Westcott website.
Go to siteTime to get Digital
-1142
DAYS
The Tax system is changing and the date to become compliant is getting closer. We can help you plan what action you need to take.
Find Out More