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What’s happening at Sowerby – Winter 2023/24

It’s been a busy few months at both our Beverley and Goole offices! The building works are coming along nicely at Beverley as you’ll see below, and we had lots of festive activities and fundraising at both offices in the run up to Christmas.  We’re also planning ahead for new networking activities and a big....

Digital Transformation and the Changing Technological Landscape

Digital Transformation is one of the buzz words of recent times.  Simply put it refers to a business using new technologies like artificial intelligence (AI) and cloud computing to drive growth, streamline operations and increase competitive edge.   There are numerous opinions surrounding the use, and probably even the ethical nature, of AI considerations, however....

Research and Development

R&D or no R&D?   Most businesses will have heard of Research and Development (R&D) and may have made claims for R&D tax relief in the past. If nothing else, sales associates from R&D companies are keen to make themselves known, especially to manufacturing companies.   However, the R&D scheme does hold more intricacies than....

What will Biodiversity Net Gain mean for us all?

In previous articles we have often touched on the considerations of sustainability and the fact that a businesses’ environmental impact is becoming more and more of a consideration. The focus of these past comments has been on what businesses can choose to do themselves to enhance their sustainability profile. However, we are now beginning to....

The Economic Crime and Corporate Transparency Act (‘the Act’) received Royal Assent late last year and has been described as the most significant reform to the registration regime in 150 years.   According to released documentation the Act is focused on new measures to improve transparency of company information and to tackle economic crime. The....

Much of the talk preceding the Autumn Statement was about expected tax cuts. While Chancellor Jeremy Hunt claimed his statement included “110 growth measures” the only major headline grabber was a 2% cut to the main rate of National Insurance.   NIC reduction for the Employed Two key annual thresholds for NIC are £12,570 and....

What’s happening at Sowerby – Autumn ’23

Team Update   We’ve had a busy summer recruiting five new team members and we’d like to welcome them to the team.   Sarah Wragg joined Sowerby in August 2023 as Director of Owner Managed Businesses.   Having worked previously in both Practice and Industry, Sarah brings a wealth of knowledge as she has had hands....

Buying a business: Are you paying a fair price?

Buying another company can be a risky business, but also brings exciting opportunities – so how do you make sure you know what you’re getting into, and that you pay a fair price?   ‘Due diligence’ is the process of identifying a business’ assets and liabilities, and evaluating its commercial potential. In a nutshell, it is this....

When the bank says no: Where to look for alternative finance

If you’ve found that the high street banks are saying no, there are other options available for you to raise finance.  Whether you are starting a new business or expanding your current business, it’s an exciting time! However, one of the most significant challenges that you may face is securing the initial funds required to....

Bridging the gap: The art of gap analysis in business

Have you ever found yourself wondering if there’s more you could be achieving with your business? Perhaps you’ve sensed that despite all the hard graft, there’s something amiss or a potential not fully realised. Enter stage left: gap analysis.   What Exactly is Gap Analysis?   Gap analysis is a strategic tool used by businesses....