Covid-19

Further updates on Business Funding Options

April 3rd, 2020

Emergency Loan Schemes Following on from our ‘Preparing for Business Funding’ update earlier this week, the Chancellor has today announced further assistance to those wishing to seek additional finance under the Government’s Emergency Loan Schemes. Following widespread reporting that the Coronavirus Business Interruption Loan Scheme (CBILS) was proving too onerous and wasn’t reaching SMEs, the Chancellor […]

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COVID-19: Small Business Grant Scheme funding

April 2nd, 2020

Small Business Grant Scheme funding We’ve already touched upon the support available for those organisations which pay little to no business rates, and the start of a new month brings with it the arrival of further updates. Local authorities have begun issuing letters to those eligible for funding under the Small Business Grant Scheme, which […]

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COVID-19: Preparing for Business Funding and Furloughing Employee Templates

April 1st, 2020

Preparing for Business Funding Over the last 10 days, Champion has helped a number of clients across the Group prepare funding applications for their businesses, which has spanned overdrafts, invoice discounting facilities, asset finance and term loans. There is a common theme to the type of information that funders are requesting. As a guide, the […]

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Coronavirus fraud: beware of phishing scams

March 31st, 2020

The Coronavirus outbreak has caused immeasurable disruption in our personal and professional lives, and we want to take an opportunity to encourage all our clients to be extra vigilant about the communications you receive via text, phone call and email during this period. Unfortunately, there are scammers taking advantage of this challenging time, who are […]

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COVID-19: Self-Employment Support, VAT, Self-Assessments & Furloughed Directors

March 30th, 2020

Following the raft of economic support measures that were announced last week, we are hoping that the Government will deliver further details this week which will prove vital in how you and your business navigate this difficult time. Self-Employment Income Support Scheme (SEISS) While we await the scheme to get up and running, we want […]

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Self-Employment Income Support Scheme (SEISS) – what we now know

March 27th, 2020

Following on from our earlier email which detailed the latest information on the Coronavirus Job Retention Scheme (CJRS), we have now received further clarity from HMRC regarding the Self-Employment Income Support Scheme (SEISS). SEISS has been designed to support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme […]

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Coronavirus Job Retention Scheme – latest updates

In the first of two email communications that we’ll be issuing to you this Friday afternoon – the second of which is due to arrive in your inbox shortly and covers the Self-Employment Income Support Scheme – we examine the latest guidance on the Coronavirus Job Retention Scheme (CJRS). The Government has published further detail […]

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Self-Employment Income Support Scheme

Following growing pressure to do more to support the UK’s five million self-employed workers during the COVID-19 crisis, Chancellor Rishi Sunak last night announced the Government’s Self-Employed Income Support Scheme. Similar to what was introduced in the Job Retention Scheme, the new measures will offer those who are self-employed a taxable grant worth 80% of […]

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Support for the charity sector during COVID-19

March 26th, 2020

COVID-19 is creating unprecedented challenges for the charity sector, as these organisations which work at the very heart of our communities, face pressures across several fronts. At a time when the charity and voluntary sector is seeing even greater demands for their vital services, these same organisations are facing a potential decline in fundraising caused […]

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Latest updates for businesses regarding VAT Deferral

VAT registered business are not required to make VAT payments that are due from 20 March 2020 to 30 June 2020. This relief is automatic: it does not need to be claimed. Your VAT liability and payment is not cancelled, it is deferred. Any VAT liability will need to be settled by the end of […]

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