Finance

Finance

Capital Gains Tax return and payment – deadline extension

Ian Pring, Partner at Thomas Westcott Chartered Accountants, looks at the announcement of the extension of the Capital Gains Tax deadline in the Autumn Budget. In an unexpected but welcome move, the Autumn Budget announced the extension of the current deadline for the payment of Capital Gains Tax (CGT) liabilities and submission of the accompanying … Read more

Autumn Budget 2021 – Champagne or beer, anyone?

Mark Tibbert, Partner at Thomas Westcott Chartered Accountants, picks out the key points from Chancellor Rishi Sunak’s Autumn Budget and Spending Review. This 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, … Read more

Accountancy in the “new normal” after Covid-19 pandemic

Stuart Carrington FCA, Partner at Thomas Westcott Chartered Accountants, explains how the pandemic has changed the world of accounting forever… We are now 18 months into the biggest upheaval to our world almost any of us can remember.  This side of World War II, perhaps only the Winter of Discontent and the three-day week have … Read more

Could technology be the key to recovery in the hospitality sector?

New technology could play a crucial role in getting hospitality businesses on the road to recovery, says Adam Croney, Partner at Thomas Westcott Chartered Accountants. We can be proud of our hospitality businesses here in Devon and the sector is hugely important to the local economy. Sadly, restaurants, pubs, hotels and cafes have been cited … Read more

UK economy now recovering rapidly, says Bank of England

The Covid-19 pandemic has been affecting us all for more than a year now. My fellow Agents and I know that those businesses that rely heavily on being able to have customers visit them in person – for instance, the hospitality and tourism sectors right across the SW – have been particularly hard hit. And … Read more

Six tax planning considerations for businesses

The Spring Budget announcement on 3 March provided businesses and individuals with more certainty when considering any tax planning opportunities ahead of the end of this tax year on 5 April. Some of the measures could also help as we look further into the future. So, what should you be considering? Mark Tibbert, of Thomas … Read more

Ten steps to cloud accounting

As businesses adapt to recover from the impacts of the pandemic, most are looking to drive efficiencies. One way to streamline processes and adapt to new ways of working is to digitise finance systems, says Adam Croney, Director at Thomas Westcott Chartered Accountants. One stand-out lesson for me from the pandemic has been that those … Read more

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