Welcome to the “Latest News” section of Thorne Widgery.
Explore the latest news, all the developments, industry insights and essential updates in the world of finance and accounting.
Good rapport: The key to increasing cashflow with credit control
If you have spent any time exploring the world of credit control, you may have found yourself overwhelmed by a flood of advice from experts. What began as a straightforward…
The hidden costs of in-house accounting
As your business grows, those empty chairs around the office might start calling out to be filled. A busier workspace, a bit more lunchtime chatter, and perhaps someone else queuing…
Could voluntary auditing save you money?
Recent changes to mandatory audit thresholds may have come as a welcome relief. Where companies once required an audit if they had a turnover of £10.2 million and/or assets exceeding…
Is it too late to reduce your Inheritance Tax bill?
The 2024 Autumn Budget unveiled major changes to Inheritance Tax (IHT), with a phased rollout of new reforms starting in the 2025/2026 tax year and more significant shifts expected in…
Spring Statement fails to deliver for businesses, warns Thorne Widgery
The latest Spring Statement has left businesses in Hereford and Shropshire with more questions than answers, as Chancellor Rachel Reeves failed to introduce new measures to ease the mounting financial…
Stop going it alone: Why outsourcing your finance functions is a game-changer
Many businesses rely solely on their internal finance teams, but this approach often comes with limitations. Without external expertise, financial activities can operate in a vacuum, missing out on strategic…
Capital Gains Tax (CGT) increases by £179 million following Autumn Budget
December 2024 saw a dramatic increase in CGT, with a total of £335 million in tax receipts – a whopping £179 million more than the £156 million collected in December…
Unlocking the hidden benefits of regular management accounting
You’re probably familiar with the key advantages of management accounting—tracking financial performance, making informed decisions, and keeping your business on course. However, beyond these essentials, regular management accounting offers a…
How conducting an audit can improve your business sale
Selling your business is one of the most important decisions you will ever make. Whatever the reason for exiting – retirement, spending more time with your family, or pursuing other…