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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....

Following another year of significant growth, we are pleased to welcome both Sarah Wragg as Director of Owner Managed Businesses and Adam Welbourne as Audit Director.   Adam joins us from an Internal Audit role following the initial stages of his career at Smailes Goldie and Ernst & Young LLP.  His expertise covers Risk and....

What is a cryptocurrency?   If you’ve heard of Bitcoin then you’ve heard of a cryptocurrency.  Bitcoin is the most well-known ‘crypto’ but nowadays there are thousands of alternatives.   The technical aspects of cryptocurrencies are constantly evolving. Generally, most cryptocurrencies:   •  Can be used as a medium of exchange, like traditional currencies. •  Are built....

New partner at Sowerby   It’s with great delight that we announce the promotion of Phil Silvester to the role of partner of the firm.   Phil has been with us for almost two decades and his dedication to his clients and contribution to the firm’s continuing success have been the driving force behind this....

Corporation tax and changes to the associated company rules from 1 April 2023   WHO DOES THIS AFFECT?   Any company or unincorporated association that pays corporation tax.   WHAT ARE THE CHANGES?   In Summary:   From 1st April 2023 the corporation tax main rate will increase to 25% for profits over £250,000 The....

Tax Efficient Staff Incentives   It’s natural that employers want to retain their best employees. Underpinning every successful business is a strong staff team. Retention can be more important than recruitment.   The most obvious way to retain and motivate staff is through pay or bonuses.   However, employers may want to provide different types....

The Energy Performance Certificate (EPC) and Minimum Energy Efficiency Standards (MEES) regulations have been in place in the UK for several years, but there are changes coming in 2023 and 2025 that landlords need to be aware of. The rationale for these regulations is to improve the energy efficiency of buildings as part of the....

Spring Budget – 15th March 2023

Chancellor Jeremy Hunt delivered his first full Budget yesterday (15th March 2023) and unlike budgets in recent years, there were no major headline-grabbing tax changes. It is only six months since Liz Truss and Kwasi Kwarteng’s Autumn mini budget, which did very much grab the headlines. The unprecedented economic shockwaves that followed those tax announcements....

Dext Prepare: Automation for the nation!

The robots are taking over!! Well, maybe not just yet, but there are some great tools out there that can give you a helping hand and automate some of your routine accounting processes.DEXT PREPARE is one such solution. It captures and extracts core accounting data from your accounting documents and supplier invoices and posts this....