We’ve recently been contacted by a number of Champion Accountants clients, informing us that they have received telephone calls from people posing as HMRC employees. During the calls, these people are making claims that the individual owes HMRC overdue tax, or even that they have identified irregularities or tax fraud on the person’s record. This […]READ MORE »
Windows 7, the desktop operating system from Microsoft and Windows 2008 R2 Server (the server platform), will no longer be supported by Microsoft from 14th January 2020. The lifecycle for the technology ends on this date, meaning Microsoft will not release software updates, security updates and fixes after January 14th, nor will they provide any […]READ MORE »
The mismanagement of a business’s finances can cost millions. Juggling money is challenging for the most experienced business owner, but for those who find themselves suddenly in the throes of success within a brand new industry, it can prove a minefield. Here at Champion Accountants, our specialist tax advisors were referred to a family with […]READ MORE »
An important update for those in the construction industry, as HMRC has announced that major changes to VAT administration are to be put on hold until next year. Originally due to come into force from October 2019, the domestic reverse charge will now be implemented from 1st October 2020. The Government has stated that the […]READ MORE »
At the Development Bank of Wales, we provide loans and equity investments to Welsh businesses, or those willing to move here. Established by the Welsh Government, our aim is to unlock the potential in the Welsh economy by increasing the provision of sustainable, effective finance. Through our work with the business community, we invested £80million […]READ MORE »
Businesses that fail to comply with auto-enrolment rules could be caught out as The Pensions Regulator (TPR) continues its campaign of spot-checks this summer. New rates for auto-enrolment came into force in April this year, meaning that businesses must ensure that a total minimum contribution of 8% is reached for each employee. As part of […]READ MORE »
Inefficiencies can be found in every business. Yes, even yours. How efficient are your processes, for example? Or is there an aspect of your business that you could automate? You may think that you don’t have time for this kind of introspection, but by reflecting on your business, you can make small improvements that could […]READ MORE »
Transferring property between spouses is a popular way of maximising rental income. Often, the owner will transfer the property if their partner is in a lower Income Tax band, as any rental income will be taxed at a lower rate, resulting in a better return on investment. Transferring ownership, or part-ownership, also has advantages in terms of […]READ MORE »
Businesses are missing out on substantial tax savings because they’re unaware of what counts towards a Research and Development (R&D) tax relief claim. Many still wrongly believe that R&D only applies to scientific industries, when in reality, eligible activities can, and do, span a variety of sectors. Government research looking at R&D claims by industry […]READ MORE »
You may have noticed a recent surge in publicity surrounding Payment Protection Insurance (PPI), and that’s because claim management companies are ramping up their efforts to act on your behalf before time runs out to make a claim. The deadline for submitting a claim for compensation for missold PPI is 29th August 2019. With billions of pounds set aside by financial institutions […]READ MORE »
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We’ve recently been contacted by a number of Champion Accountants clients, informing us that they ...
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