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BDO is one of the largest accounting firms in the Thames Valley, providing a comprehensive range of accounting, tax, advisory and business services to clients across Berkshire, Buckinghamshire, Oxfordshire, North Hampshire and the surrounding area.

REGIONAL SNAPSHOT

It'll be a surprise to no one that the Thames Valley is facing the same challenges as the rest of the country. The conflict in Ukraine coupled with the cost-of-living crisis, have added to the already volatile environment created by ongoing supply chain issues and record levels of inflation. It appears that a combination of investing in cost reduction and price increases, are how the region’s businesses plan to respond, but many are also considering absorbing additional costs.

BDO RESEARCH HIGHLIGHTS

Our latest survey has highlighted that the region’s businesses are facing multiple threats to growth over the next six months, with supply chain issues (42%), the conflict in Ukraine (35%), rising energy costs (29%), inflation (29%) and the overall cost of living (29%), all being cited as concerns.

Over half (52%) plan to invest in energy efficiency, and over a third (35%) are switching to electric vehicles, to combat rising energy costs. Approximately a third (32%) are seeking new investments whilst 52% are evenly split across either raising the price of goods, versus absorbing these costs and leaving prices unchanged.

But the focus is not just on customers as over half of businesses (58%) are providing staff one-off bonuses to help employees manage inflation, and 45% are allowing more time to be spent working from home, to help staff avoid travel costs.

Discover more by reading the latest Thames Valley insights below, or you can speak to our local experts from our Reading office here.

Latest Insights

People are at the heart of ESG in the Thames Valley

April 2022
According to our recent Rethinking the Economy research, the top priorities for ESG are improving workforce and executive diversity, equality and inclusion relating to socio-economic diversity and mobility, as well as gender and race.

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QES results: Increases in sales and workforces expanding signify optimism in the region, but new questions arise over further uncertainties

June 2022
There were notable challenges for Thames Valley businesses throughout 2021, including inflationary pressures, staffing challenges and supply chain issues.

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How should businesses in the Thames Valley respond to changes in R&D tax relief?

July 2022
From April 2023, costs relating to staff/third parties that are based overseas will no longer be allowed in UK R&D tax relief claims. This has brought into sharp focus how corporate groups should structure their R&D activities, whilst still achieving their desired short and long-term commercial objectives.

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TVCC QES results: Optimism remains, but challenges still ahead for 2022

2022
Danny Dartnaill reviews the results from the latest Q4 QES survey

Read the latest results

Private Client News

2022
Read our latest insights from regional experts, as well as updates on local events and resources.

Read our latest newsletter

Podcast series - Thames Valley

2022
Conversations with regional experts and insights on current issues affecting businesses in the region.

Listen to our podcasts

UK R&D tax incentives – the changes businesses need to consider

January 2022
R&D tax relief featured significantly in the Chancellor’s 2021 Autumn Budget.

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Levelling up the Thames Valley – a five-point plan from business leaders

February 2022
According to our Rethinking the Economy survey of 500 mid-sized companies, more than a quarter of Thames Valley businesses feel levelling up is critical to the success of their business and a further 60% told us it will help to some extent by improving the region as a place to live and work.

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Payroll on Point: the latest developments across UK payroll

March 2022
Our Thames Valley based Payroll team invites you to read the latest newsletter.

Read our newsletter

Our Tech focus in the Thames Valley

November 2021
Our annual technology dinner provides an opportunity for the sector’s leaders to come together to discuss the latest trends and hear from industry leading speakers.

Watch now

 

International Home Working: what are the wider implications that you need to consider?

August 2021
We explore the tax implications businesses need to consider before permitting international home working.

What are the implications?

Thames Valley Online events

Register for upcoming dates and watch previous webinars.

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Thames Valley Latest videos

Our local BDO contacts delve into some of the key issues and trends in the Thames Valley.

Watch our latest videos

 

Explore our Thames Valley Insight archive

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Events

Register for upcoming online events.

Events

Meet the Reading team

Speak to local experts in Reading.

BDO Reading