Help & Advice

The countdown is on to Making Tax Digital

May 23rd, 2018

It’s less than a year to go until Making Tax Digital comes into effect for millions of UK businesses and a number of selected companies have already begun submitting their tax returns as part of HMRC’s latest trial. Ahead of the April 2019 roll out, a handful of businesses are helping to shape the new […]

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Business rates changes: Could you make a saving?

May 22nd, 2018

The Spring Statement is an opportunity to reflect on economic growth and borrowing forecasts, as well as announce forthcoming changes to taxation and Government spending. Albeit a relatively short speech this time around, the Chancellor did announce plans to accelerate the next business rates revaluation from 2022 to 2021, meaning taxpayers will now benefit from […]

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Xero vs Sage 50: What’s better for my business?

May 21st, 2018

Deciding which type of accounting software is best for your business can be challenging, especially when they offer so many similar core features. Most SMEs narrow their search to two of the very best options – Xero and Sage – but deciding between the two can be tricky. The fundamentals Xero and Sage 50 are […]

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A Champion guide to GDPR – less than one month to go

April 27th, 2018

GDPR (General Data Protection Regulations) has received lots of attention in the media over the past couple of weeks, but that doesn’t mean you shouldn’t be doing something about it. GDPR is still very much a big deal for SMEs. Businesses throughout Europe need to make changes to how they collect, store and monitor data […]

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April tax changes 2018: What they mean for you

The new tax year signals a number of legislation changes for businesses and individuals. To keep you up to date with the latest reforms, here’s our rundown of what is most likely to affect you as of 6th April 2018: Personal Allowance rises The new threshold sits at £11,850, meaning there is no tax payable […]

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A Beginner’s Guide to Sage 50

April 20th, 2018

Sage 50 puts you in complete control of your finances including customers, suppliers, VAT, fixed assets, budgeting and forecasting, leaving you with more time to concentrate on growing your business. Our very own Sage Expert, audits and accounts senior, Heather Stockton from our Chester office, uses her advanced skills in the accounting software to assist […]

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Spring Statement 2018

March 29th, 2018

Earlier this month we saw Philip Hammond deliver his first Spring Statement. During the short 30 minute speech, the chancellor updated on the progress made since the 2017 Autumn Budget and launched a number of forthcoming consultations. Of the 13 consultation papers that are set start this year, here are five of the key consultations […]

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Hints and tips to getting the most out of Xero

Xero is an innovative cloud-based accounting software that we at Champion have been using for quite some time now. It gives growing businesses a head start ready for when Making Tax Digital comes into place. Our in-house Xero expert and audit & accounts manager, Nathan Jones from our Chester office, shares his experience with Xero […]

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HMRC struggles to stay online

This year’s tax deadline brought another hiccup from HMRC after thousands of tax payers who logged on to file their self-assessment found that the website was down. Users took to twitter to vent their frustrations, with many customers’ worried that the problem wouldn’t be fixed in time and that they’d incur a late filing penalty. […]

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Breaking up can be tough! A Champion guide to demergers

There are so many reasons why a company may undergo a demerger but as a result of the UK’s stronger economy and ‘better-than-expected’ growth figures, we’re seeing an increasing number of organisations choosing to divide up their companies to become two (or more!) businesses. Whether it’s a property company that wants to divide up its […]

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