Walker Thompson Ltd

09/08/2025

07/08/2025

This month we are celebrating a milestone here at Walker Thompson.

It is 40 years ago this month that the firm was created by Trevor Walker and Ray Thompson, supported by Sherod Williams.

In 1985, it was extremely difficult to find professional office space in Coventry and we spent the first few weeks of existence in the city centre, working with a shared computer, upstairs in some retail premises, courtesy of a client.

For the following two years we were based in Longford before finally moving to our present home on Binley Road in 1988.

As with most practices, time brings inevitable changes and Trevor retired in 2002, with Ray following in 2006. As many already know, Trevor sadly passed away last year. In 2008 the business was incorporated as Walker Thompson Ltd with its current Directors, Sherod, Kim Knowles and Chris Irvine.

It is particularly interesting as we think back to remember the loyal clients who followed us from our previous world and to know that we still act for some of those businesses or individuals after 40 years. Family business succession is still alive in the West Midlands.

The halcyon days of handwritten spreadsheets , alternating between red pens and green pens (depending upon the year concerned) and a different attitude to Data Protection, Anti Money Laundering and Audit Regulation.

We were at the forefront of Investors in People and Investors in Excellence- winning awards in both Standards. We are an approved training office for both AAT & ACCA.

All of this would not have been possible without the whole team at Walker Thompson and we are intensely proud of our student trainees who join as school leavers and progress to fully qualified accountants.

Our thanks to all our clients for their support and to other stakeholders who have played a part in our success.

05/06/2025

Our successful Coventry practice is looking for a Trainee Accountant.

To be considered for this position you must:
- Have relevant experience preferably within a public practice accountancy firm
- Have relevant experience of accounts across a broad range of sectors, for companies, sole traders and partnerships
- An understanding of payroll, vat, corporate and personal tax
- Have the ability to work in a team as well as an individual
- Have good communication and interpersonal skills
- Have the ability to prioritise own time to ensure that deadlines are monitored and consistently met
- Have proven organisational abilities and consistent attention to detail
- Be discreet and able to maintain client confidentiality at all time

The successful candidate will receive:
- Study support is available for the successful candidate to complete their professional qualifications
- A salary dependent upon experience and qualifications
- 30 days paid holiday (including bank holidays)

Job Type: Full-time, Monday- Friday

Pay: Dependent upon experience

Benefits:
- Company pension
- On-site parking

To apply for the role, please send your CV to [email protected]

13/05/2025

Check out our latest newsletter-

MAY 2025 In this month’s Enews, we look at the new service launched by Companies House that allows individuals to verify their identity through GOV.UK and at the cost of tax red tape on small businesses. We also look at HMRC’s warning for those sole traders and landlords who will soon be require...

24/09/2024

From 1st October 2024, new legislation has been introduced into the Employment Rights Act 1996 regarding how to deal with qualifying tips, gratuities and service charges fairly and transparently.

The basic rule is that the employer must that the qualifying tips, gratuities and service charges paid at the place of business is allocated fairly between the workers and paid to each worker no later than the end of the month, following the month in which the tip was received.

A place of business where qualifying tips, gratuities and service charges are paid on more than a an occasional or exceptional basis, the employer must have a written policy on dealing with them.

For more information, the code of practice can be found here- https://www.gov.uk/government/publications/distributing-tips-fairly-statutory-code-of-practice

If you feel that this applies to your business and are unsure of your next steps, please contact us.

12/09/2024

Have you submitted your Self Assessment Tax Return yet?

Some people hold off to file as late as possible as they are concerned they do not have the money to pay it.

Remember the tax does not need to be paid on submission so, with the deadline just over 4 months away, why not give yourself sufficient time to budget and plan?

If you need support filing your tax return, please contact us.

29/08/2024

There have been a lot of recent headlines involving inheritance tax and we know it can all seem very overwhelming.

Do not worry! We offer our clients advice on estate planning and wills to help you decide what works best for you and your family.

To arrange an appointment to discuss your needs, please contact us on
📞 02476 635 522
📧 [email protected]

21/08/2024

Need support keeping on top of all your monthly admin?🤯

We offer a variety of bookkeeping services to allow you more time to focus on your business. 🙌

You can contact us for a free initial discovery appointment, whether online, on the phone or at our offices to find out how we can help you!

📞 02476 635522
📧 [email protected]

15/08/2024

HMRC launched a digital tool to help businesses estimate what registering for VAT may mean for them.

The VAT Registration Estimator helps to show businesses when their turnover could require them to register for VAT and its effect on profits.

A business must register for VAT if:

Total VAT taxable turnover for the previous 12 months is more than £90,000.
Turnover is expected to go over the £90,000 VAT threshold in the next 30 days.
They are an overseas business not based in the UK and supply goods or services to the UK (or expect to in the next 30 days) – regardless of VAT taxable turnover.

A VAT-registered business must charge VAT on eligible sales and can usually reclaim it on eligible purchases.

You can find the online tool here- https://www.gov.uk/guidance/check-what-registering-for-vat-may-mean-for-your-business

If you would like to talk about what registering for VAT might mean for you, please contact us on 02476 635 522

05/08/2024

Our latest newsletter s now available. This month we look at the difficult decisions taken by the Chancellor as she set the date for the Autumn Budget. We also update you on the latest on the National Wealth Fund and the Growth Guarantee Scheme. With news on a new online VAT tool and Simple Assessment for pensioners, there is a lot to update you on.
Check it out here -

In this month’s Enews, we look at the difficult decisions taken by the Chancellor as she set the date for the Autumn Budget. We also update you on the latest on the National Wealth Fund and the Growth Guarantee Scheme. With news on a new online VAT tool and Simple Assessment for pensioners, there ...