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Today’s news in brief – 8/2/2024

BDO has enhanced its East Midlands team with the appointment of tax partner Steve Round. Returning to BDO after a stint at Cooper Parry, Round specialises in transaction tax, focusing on owner-managed businesses, shareholders, and private equity-backed firms. Managing a diverse client portfolio spanning technology, professional services, manufacturing, business services, and real estate, Round aims to contribute to the growth of BDO’s tax and corporate finance teams in the region.

The Chartered Institute of Management Accountants (CIMA) has urged the UK government to prioritise policies fostering long-term economic growth through increased productivity. CIMA’s budget submission proposes initiatives such as a productivity strategy, reforms to the Apprenticeship Levy, addressing fiscal drag, improved productivity measurement in the public sector, and the creation of an SME Investment ISA. CIMA emphasises the need to lift the UK out of its productivity slump, enhance economic growth, and create a sustainable strategy.

Cowgills, with over 200 employees, has become the eighth firm to join mid-market accountancy practice Sumer Group. Sumer, focusing exclusively on the SME market, has regional hubs throughout the UK. The partnership aims to amplify growth and expansion across the North West. Cowgills’ managing partner, Paul Stringer, expresses enthusiasm for Sumer’s plans to support the SME business community, emphasising the opportunity to be part of Sumer’s early growth in the journey.

TaxScouts has extended sponsorship support to Eugene Amo-Dadzie, known as ‘The World’s Fastest Accountant,’ in his pursuit of qualifying for the 2024 Paris Olympics. Amo-Dadzie, a senior chartered accountant at St George Plc, holds the title of the fourth fastest Brit in the 100m sprint. TaxScouts’ financial support will assist with coaching, medical fees, training camps, equipment, travel, and daily living expenses. Amo-Dadzie aims to showcase the flexibility of the accounting profession while pursuing his athletic goals, flying the flag for the industry.

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