Tracey Watts

Partner

Tracey Watts is a Chartered Tax Adviser and Partner at Albert Goodman. Over the last 25 years, Tracey has gained invaluable insight into the particular challenges faced by owner-managed businesses.

Tracey specialises in corporate tax compliance and consulting, with a particular emphasis on business reorganisations and transactions. She also advises clients on how to maximise claims such as capital allowances, and research and development tax allowances. Tracey has also developed a specialism in research and development tax claims, which are available to all businesses rather than just those that are science or technology-focused.

With a strong practical accounting background, Tracey leads Albert Goodman’s Tax Investigations group. In this role, she helps clients navigate their way through an investigation by HM Revenue & Customs, and ensures that they are treated fairly and within the law. Tracey Watts also advises a wide range of businesses and is experienced in dealing with professional partnerships.

Tracey provides Albert Goodman budget updates and has become well known in Taunton and the surrounding area for being able to interpret and give expert analysis of a budget on the day of release.

Outside of work, Tracey’s loves chocolate and dislikes being cold. Her two sons keep her busy at all times!


Posts

IR35 Postponed
The long awaited extension of the off-payroll working rules (IR35) from the public sector to the private sector has been postponed.  The change was to be put place in from...
Budget Summary 2020

Budget 2020   The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a new era…

CLASS 2 NIC UPDATE

Individuals who are self-employed and earning above the Small Earnings Exception (SEE) limits are required to pay Class 2 NIC. Class 2 NIC is a flat-rate weekly amount that counts…

IMPROVING YOUR STATE PENSION

Individuals who are nearing retirement age can check what their entitlement to a State Pension will be by contacting HMRC for a pension forecast. This forecast will provide details of…

Passing on the family home
The Residence Nil-Rate Band (RNRB) was introduced to wipe out or reduce the inheritance tax payable on an individual’s estate when passing their family home to their children or grandchildren....
Spring Statement Summary

Spring Statement 2018   The Chancellor, Philip Hammond, presented his first-ever Spring Statement on Tuesday 13 March 2018. Whilst A.A. Milne may not have appreciated the chancellor’s reference to two…