Westcotts Chartered Accountants & Business Advisers’ Post

2024 Tax Season Debrief Lunch: ✅ Feedback from our staff is so important as it allows us to self-reflect and make any changes needed for a better season. Plus... it’s always a good time when the team can get together in person and relax with some yummy food and drinks! #thisisKRS #PostTaxSeason #YourOpinionMatters #teambonding #teambuilding PS - like our new KRS bucket hats? 😋

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟒 𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫 Our latest newsletter offers practical insights and updates to help you stay on top of key financial and tax matters. This month, we cover: • 𝟓 𝐓𝐢𝐩𝐬 𝐭𝐨 𝐂𝐮𝐭 𝐘𝐨𝐮𝐫 𝟐𝟎𝟐𝟒 𝐓𝐚𝐱 𝐁𝐢𝐥𝐥: Learn proactive strategies to maximize your tax savings before the year ends. • 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐢𝐧𝐠 𝐓𝐢𝐩𝐬: Improve operational efficiency and patient satisfaction with proven scheduling strategies. • 𝐃𝐢𝐬𝐚𝐬𝐭𝐞𝐫 𝐒𝐜𝐚𝐦 𝐀𝐥𝐞𝐫𝐭𝐬: Protect your business from fraud in the wake of natural disasters. • 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐄𝐧𝐞𝐫𝐠𝐲-𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠𝐬: Discover expanded benefits under Section 179D for energy-efficient improvements. 𝑹𝒆𝒂𝒅 𝒕𝒉𝒆 𝒇𝒖𝒍𝒍 𝒏𝒆𝒘𝒔𝒍𝒆𝒕𝒕𝒆𝒓 𝒉𝒆𝒓𝒆: https://lnkd.in/gdDQKBHb #NeuhausCPAs #TaxPlanning #BusinessInsights

How do you start your Saturday mornings? #WeekendVibes #MorningRoutine #SelfCareSaturday #RealEstateAccounting #RealEstateFinance #TaxServices #FinancialAdvisory #AccountingForRealEstate #PropertyInvestment #TaxAdvisory #RealEstateCPA #FinancialPlanning #RealEstateTax #TaxStrategy #RealEstateInvesting #AccountingServices #CommercialRealEstate #taxplanning #RealEstateDevelopment #PropertyTax #RealEstateAdvisors

𝐑𝐮𝐦𝐛𝐥𝐢𝐧𝐠𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑&𝐃 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐡𝐢𝐬 𝐦𝐨𝐫𝐧𝐢𝐧𝐠 Sourced through an 'anonymous email' and being echoed by unofficial confirmations - that a well-known R&D advisory group has ceased trading from a number of entities. If true, then naturally there's a degree of concern for their staff and customers; people will potentially have been left high and dry; there's talk of 100+ redundancies. Whilst it will have some impact on the R&D advice market, I suspect it won't have a huge impact on me, Wandsworth Consulting or a number of advisors that I know; speaking personally, I've never lost a client to that group, nor picked a client up from them either - it's safe to say we operate in different markets. It'll be interesting to see what happens next - some of the group apparently lives on; is it a question of time that's keeping it going, or a rationalisation in the face of HMRC challenges across the market? -------------------------------------------- If you liked this post: ♻️ Share it with others 💬 Comment on it 🫱🫲 Connect with me 🚶♂️Follow Jonny Brewster #️⃣ #jonnybdoesrandd and #randdtaxcredits

Congratulations to our Employee of the Month, Don Lloyd! Your excellence isn't just noticed—it's celebrated! Your exceptional dedication, hard work, and commitment have set a great example for the team. Thank you for making excellence look effortless. We're lucky to have you—keep up the fantastic work! #EmployeeOftheMonth #TaxDaddy #peterholtzcpa #TaxPlanning #TaxStrategy #taxplanningtips #taxseason #taxplanningstrategy #taxseason #taxprofessionals

Access to advice “should cost taxpayers nothing”, said Harriet Baldwin MP at Dynamic Planner's 'Scaling Success' conference today (5 March). The advice landscape, claims Harriet, is like a supermarket that charges an upfront fee for “lots of healthy options, meal plans and easy-to-cook recipes”, while most people are “stuck in the free section with poor options and potential scams”. Read my full news story below. #financialadvice #treasury https://lnkd.in/edxTXwut

Can you say the same? This is some feedback that we received from one of our clients. They no longer have to stress or worry about HMRC as they know that we'll deal with it all for them. If you need piece of mind just like Veni & Son have then we'd love to hear from you. Book a call>>> https://lnkd.in/eRv7NYv9

🎃👻 Spooky Season Alert! 👻🎃 As a CPA who works in tax and audit, I can’t help but see Halloween through a different lens: 🕸️ Trick or Treat? Just like Halloween candy, some numbers seem sweet... until you dig a little deeper! Due diligence and audits are all about making sure there are no tricks in the treats. 🍬 🧛 Financial Vampires – Watch out for those hidden expenses and revenue-draining activities! Spotting these is all about experience and a keen eye for detail. 🕵️♂️ 🎃 Ghost Assets – No, they’re not haunting the books (hopefully), but we do find those long-forgotten assets that need to be accounted for or written off. 👻 Phantom Revenues – They might give the financials a boost, but when they’re not real, it’s bound to come back and haunt you. It’s always Halloween in the world of CPAs! We uncover the mysteries, face the frights, and help keep things transparent year-round. Happy Halloween! 🎃 #CPA #Audit #Tax #Halloween #AccountingFun

Happy Friday, everyone! 🎉 You know you're an accountant when you're excited about the weekend, but you still can't resist those spreadsheets! 😂 Here's a little accounting humor to kick off your weekend: Why don't accountants ever make coffee? Because it's always tax-ing and they don't want to 'espresso' their feelings about it! ☕️😄 Do not forget that, in the world of debits and credits, you're priceless. Have a balanced weekend, folks! 💼📚 #FridayFeeling #AccountingHumor #BalancedWeekend

The below recurring themes can be present in both strong and weak R & D claims. HMRC do not have the added advantage of having spoken to the taxpayer before they decide whether or not to select a claim for enquiry. It is therefore important to prepare R & D reports and supporting documentation well to give the best chance of HMRC being satisfied first time that a claim is valid therefore preventing an enquiry and/or amendment to the claim made.