Today’s news in brief – 5/3/2025

Accountancy Europe and the International Federation of Accountants (IFAC) have partnered to support their members and strengthen the profession. Their collaboration will focus on enhancing sustainability disclosures, embracing AI and technological advancements, and funding professional practices and networking. They also emphasize attracting diverse talent to equip future accountants with the necessary skills. Accountancy Europe CEO Eelco van der Enden highlighted the need for unity in addressing global challenges, while IFAC CEO Lee White expressed excitement about enhancing cooperation and value for members worldwide. The partnership aims to ensure the profession remains well-supported and resilient in an evolving landscape. Begbies Traynor Group has appointed Michael Hall as director in its Exeter office to expand its insolvency, restructuring, and financial advisory services across Devon and Cornwall. With over 20 years of experience, Hall has advised businesses across industries like hospitality, retail, construction, and financial services. Based in Exeter and living in Cornwall, he will offer insolvency solutions and assist with refinancing and business growth. Regional managing partner Julie Palmer highlighted the opportunities in the region, while Hall expressed enthusiasm for supporting businesses through challenges and growth. He aims to expand the team and provide expert restructuring and financial solutions. Menzies has strengthened its Tax team with two new partners: Nick Garside as VAT partner in London and Steve Hoare as Business Tax partner in Leatherhead. Garside, formerly of Grant Thornton, brings over 20 years of VAT expertise, particularly in financial services, real estate, and cross-border trade. He aims to enhance Menzies’ VAT advisory services. Hoare, rejoining after a decade, has 25 years of experience advising owner-managed businesses on tax planning, exit strategies, and international expansion. Head of Tax Richard Godmon welcomed their expertise, emphasizing their contributions to Menzies’ growth and ability to navigate complex tax landscapes for clients. Accountancy firm BDO has entered a strategic partnership with international retail consultancy Shopworks Limited to enhance financial and operational performance for consumer market clients. Shopworks specializes in optimizing retail environments through data-driven insights, helping clients in retail, hospitality, and leisure maximize profitability. BDO, with its extensive global network and expertise in advising high-growth businesses, aims to integrate financial and commercial analysis with Shopworks’ retail strategies. The partnership will create a centre of excellence for commercial advisory services. BDO’s Tim Foster and Shopworks’ Craig Phillipson expressed excitement about leveraging data-driven strategies to improve decision-making and business success for clients.