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Today’s news in brief – 16/11/2023

Mazars and Forvis are set to combine their US businesses in a deal creating a global audit and advisory network. Partners from both firms approved the consolidation, establishing a global network called Forvis Mazars. The move extends Forvis’ international reach and enhances Mazars’ presence in the US. Despite the merger, each firm retains ownership within its respective partnership structures. The global network will be overseen by a joint global board with equal representation from senior partners of both entities.

South Yorkshire’s Kingswood Allotts has appointed Luke James as associate director of tax, leading the firm’s specialist tax and compliance division. James, previously in a senior management position at a Sheffield-based accountancy practice, will oversee growth and deliver financial management services to clients nationwide. With expertise in advising owner-managed businesses, he holds qualifications as both a chartered accountant and chartered tax adviser, focusing on tax implications, VAT advice, and inheritance tax mitigation.

Cowgills, a North-West accountancy firm, has relocated its head office to Parklands 5B at Middlebrook, Bolton. The move involves occupying 10,000 sq. ft of space on the fourth floor, offering state-of-the-art facilities. The shift aligns with Cowgills’ growth strategy, emphasising high-quality facilities and flexible workspace. Additionally, Cowgills Wealth, the firm’s wealth division, is acquired by national financial advisor Ascot Lloyd, ensuring continued growth and regulatory compliance.

Albert Goodman has urged chancellor Jeremy Hunt to provide certainty regarding research and development (R&D) tax relief for tech companies in the Autumn Statement. The firm emphasises ongoing support for emerging businesses, particularly in the tech sector, citing challenges in accessing R&D tax incentives. Albert Goodman urges measures to encourage innovation, including clarity on R&D tax relief for small and medium-sized businesses and improved access to finance for SMEs facing economic challenges.

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