Business Daily

Westcotts marks 40 years of supporting South West businesses

Westcotts, one of the South West’s leading firms of Chartered Accountants and Business Advisers, has celebrated its 40th anniversary - marking four decades of providing trusted advice and specialist expertise to individuals, SMEs and organisations across the region.

Founded in Honiton in 1985 by Richard Thomas, Westcotts has grown from a single office into the major regional firm it is today - with a team of more than 300 working across a network of offices across Devon, Somerset and now Wiltshire.

Throughout this period, the firm has maintained a strong commitment to...

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How Exeter businesses are responding to coronavirus

The coronavirus pandemic is unprecedented. As the deadly virus arrives in workplaces, businesses in Exeter are responding quickly to prevent staff from spreading the infection.

Many businesses in Exeter sent staff home last week as a precautionary measure. Firms employing staff that can work from home can continue normal business operations remotely with minimal disruption. However, it’s not the same story for everyone.

From 20 March, the government issued an enforced closure on businesses that provide a public service including gyms, cinemas and casinos. The British...

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Who governs and manages the GST Act - A complete overview of the framework

Authored by David Banks
Posted: Sun, 03/29/2020 - 6:43am

The framework of the GST (Goods and Services Tax) regime is efficient and robust as it has simplified the previous tax regime by removing 17 indirect taxes. There's a complete change in the tax slabs for different goods and services, which keep on changing depending on the revisions and feedback from suppliers and experts. GST council members are responsible for this change and other essential decisions. The council members include the central union finance minister, who is the chairman of the council, and state union ministers. State ministers have a say in the decision-making process,...

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Mark Simic, partner at Simpkins Edwards LLP comments on self-employment Covid-19 rules

Support package for self-employed affected by Covid-19 pandemic – action needed now

Commenting on the much-anticipated support package announced by The Chancellor for self-employed workers affected by the  coronavirus pandemic, Mark Simic, partner at Simpkins Edwards LLP, said:

“For many, Chancellor Rishi Sunak’s package for the self-employed - whose income has been negatively impacted by COVID-19 - will have come as a huge relief. It means that - subject to meeting the criteria - they will receive financial support, although there will be a two month wait until grants are payable at the start of June.

“The Scheme provides a grant worth 80% of profits up...

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Redmayne Bentley Exeter wins prestigious City of London Wealth Management Award

Authored by Mary Youlden
Posted: Thu, 03/26/2020 - 10:30am

Investment Management firm Redmayne Bentley’s Exeter office was recognised at the 2020 City of London Wealth Management Awards (COLWMA), the firm was named Regional Wealth Manager of the Year: Southern England.

This year’s award saw a record-breaking number of almost 33,500 votes placed by investors.

Individual awards were also presented to Redmayne Bentley staff: Darren Hirsh Outstanding - Individual Achievement and Fraser Robb - Exceptional Customer Service.

Denis Oppong, Head of the Exeter office, said: “We are grateful to our clients in the region who have...

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What to Check Before Renting Business Premises

Renting a property for your business is significantly cheaper than buying, and also gives the business more flexibility in cases of growth. There are lots of different types of business and many different sectors to trade in, and each will have their specific requirements when looking at property to rent, but there are some commonalities that all business owners should consider when they start making viewings. Whether you're looking for a new-build retail outlet for your fashion brand or a cutting-edge office space for your SaaS startup, here are the most important areas to check and...

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Council pledges support and advice for businesses

Authored by News Desk
Posted: Wed, 03/25/2020 - 5:40pm

Devon County Council has pledged that it will do everything it can to help local businesses through the coronavirus outbreak and ensure a strong recovery for the local economy.

The authority is encouraging businesses to visit the Heart of the South West Growth Hub to find essential information on available support and advice.

The Growth Hub, which is delivered by the County Council on behalf of the HotSW Local Enterprise Partnership, can help provide businesses with details of the Government’s proposals on Business Rate Relief and how eligible businesses can apply for...

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Local print firm offers free flyers to local retailers to help support the local economy

Exeter based print firm Stormpress are offering free support to local shops, hospitality and leisure businesses struggling during the Coronavirus outbreak. The print company have offered to print up to 1000 free A5 flyers for up to 50 local businesses to help them get the message out to customers during this difficult time.

Henry Luce, Managing Director of Stormpress, Henry Luce said: “We were receiving emails from local businesses who had decided to move online or start home deliveries and they were clearly struggling to get that message out there. We felt we were in a unique...

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Tips to help finance a small business

Obtaining financing for a small business can prove challenging regardless of the prevailing economic climate. Whether looking for money to help you survive during the hard times, capital to grow the business, or are in need of startup funds, it’s now proving to be tougher than ever before to secure the funds you may need. But this is not to mean that all is lost. With the right small business accounting tips, you should manage to get the money that you require. The following tips should help you get started:

Consider Factoring

This is a business financing method where the firm...

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6 Facts About Welding Jobs You Probably Didn't Know

Authored by David Banks
Posted: Wed, 03/25/2020 - 7:47am

There can be a lot of misinformation offered by many people on what a career in welding can entail. If you are curious about welding, you should talk to people you know who are involved with the profession. In order to provide accurate details about this thriving industry, we have included 6 facts about welding jobs you probably didn’t know.

You Don’t Need College Education

Most people associate welding with many other trades, they tend to believe that welding requires a college education. In reality you will only need a welding certificate to practice as a welder, and courses...

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4 Ways to Protect Your Business

Creating and running a business demands a lot of hard work and good practices to reach success, but it does not end there. You must understand the best way to protect your business to maintain the safe running and development of your product or service. This means understanding the biggest threats to your company and how to best safeguard against them.

Here are four vital ways to protect your business (and yourself).

  1. Stay Safe Online

Cybersecurity is essential in this day and age, with a lot of businesses operating online means the majority of the...

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