Help & Advice

Champion Round-Up | Tuesday 2nd February

February 2nd, 2021

Written by Ged Cosgrove, group managing partner  After a tough start, 2021 has not yet brought the relief that many business owners hoped for. There are, however, some very real reasons to hold on to the positivity and proactivity that have kept us all going through the pandemic so far. For us at Champion, 2021 […]

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Paying tax as a social media influencer: when to declare a gift, sample or freebie

February 1st, 2021

While social media influencing is a relatively new profession, at Champion Accountants we come across recurring questions from influencers who want to pay their fair share of tax. High on the list of queries are the issues surrounding gifts, freebies and samples sent to influencers, and whether tax is payable on these items. Frustratingly, the […]

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New Lockdown Grants Announced

January 5th, 2021

Following on from last night’s announcement by the Prime Minister, that the country has been plunged back into a national lockdown until mid-February; the Chancellor has today announced further financial support for affected businesses. The Chancellor, Rishi Sunak, has announced one off top up grants for businesses within the hospitality, retail and leisure sectors worth up […]

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Champion Round-Up | Wednesday 2nd December

December 2nd, 2020

Written by Ged Cosgrove, group managing partner  As we find ourselves entering a new phase of tiered lockdown, it would be wise to assume that life will not return to normal any time soon. Talks of vaccine progression had many excited about a sprint finish to the end of the year and perhaps an end […]

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Did anybody expect an up-beat Spending Review?….. Neither did we!

November 25th, 2020

During his lunchtime announcement, Chancellor Rishi Sunak told the country that “…the coronavirus health emergency is not over, and the economic emergency has only just begun.” The Chancellor explained that his immediate goal is to prioritise jobs, businesses and public services. In doing so, governmental borrowing for 2020/21 will reach almost £400bn, some 19% of […]

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Audits in the age of COVID-19

November 6th, 2020

COVID-19 has impacted all facets of life and until a vaccine is found, is likely to continue to do so for some time. That said, life and business must go on, with company audits being no exception. Naturally, some may have concerns regarding on-site auditing in the current circumstances and some audit firms have been […]

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Navigating cashflow issues during COVID-19 – could R&D tax relief be a solution?

November 5th, 2020

Engineering businesses constantly strive to stay one step ahead of the competition, no matter what other external economic factors may be at play. At a time such as this though, where cashflow and financial pressures are being felt more acutely than ever, have you considered that your business’s attempts to innovate may also be an […]

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COVID update: furlough extends until March 2021 and self-employment boost

Today [5th November 2020] saw the Chancellor announce that the re-introduced Coronavirus Job Retention Scheme (CJRS) would be extended until the end of March 2021, whilst also boosting the next three months of financial support for the self-employed. In brief, the summary of the changes to the furlough scheme include: Extending the furlough scheme until […]

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Lockdown 2.0: Furlough scheme extended and more

November 2nd, 2020

The PM’s announcement on Saturday triggered a raft of changes to the financial support available to businesses during the ongoing COVID-19 pandemic. With an increasing number of businesses mandated to close under the new lockdown restrictions, Boris Johnson confirmed that the Coronavirus Job Retention Scheme (CJRS) would remain open until December 2020, with the new […]

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Champion Round-Up | Thursday 29 October

October 29th, 2020

Written by Ged Cosgrove, group managing partner  The role of an SME owner and manager can, at times, feel like a lonely place, and the number of individuals feeling this stress and strain is seemingly on the rise. SME owners are renowned for wearing multiple hats, which so often comes with the territory, yet businesses […]

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Champion Round-Up | Tuesday 2nd February

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