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 […]
READ MORE »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 […]
READ MORE »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 […]
READ MORE »For an SME or startup, maintaining manageable and organised accounts can be one of the biggest headaches, but it doesn’t have to be that way. As COVID-19 restrictions forced most of us — and our work — further online, the need to embrace digital tools across all aspects of business became increasingly acute. At Champion […]
READ MORE »Written by David Herd, senior tax advisory consultant at Champion Accountants In a previous article, we discussed the difference between hiring an employee or a sub-contractor. You can find that article from July 24th here. Today, I’d like to look at connected versus unconnected sub-contractors, from an R&D Tax Relief perspective. Research and development (R&D) […]
READ MORE »The Chancellor made a further announcement this morning to extend the economic support available to businesses that have been forced to legally close, as well as those that have remained open but who, nevertheless, are experiencing difficulties. In recognition of the challenging times ahead, the Chancellor said he would be increasing the support that is […]
READ MORE »The lockdown restrictions across the UK have become ever more complex, with the government having introduced a tiered system which is to be implemented on a regional basis. Businesses across the country are all being affected by this, with lots of the proposed measures inflicting economic uncertainty on communities. Last Friday (9th October), ahead of […]
READ MORE »Written by Ged Cosgrove, group managing partner In today’s fast-changing environment, companies must focus on increasing their agility and building resilience to mitigate the effects of the ongoing pandemic, whilst continuing to undertake all necessary duties and responsibilities. One such responsibility of the Directors is to carry out detailed and demonstrable assessments to ascertain whether […]
READ MORE »Having cancelled this year’s Autumn Budget, the Chancellor revealed his armoury of measures that make up his ‘Winter Economy Plan’. During what was a short, concise speech, Rishi Sunak confirmed that the proposals intend to ‘manage the virus, jobs and the economy over the winter period’. He also explained how ‘the next phase of support must […]
READ MORE »Bringing a new product to market requires multiple elements; tenacity, resilience, and the upfront capital to secure the talent necessary to drive the launch forward. For those who utilise crowdfunding to support this type of project, it can come with several complexities. Manchester-based Symmetrical Power appointed Champion Accountants to help it overcome the associated challenges […]
READ MORE »I’m sure we all exhaled a collective sigh of relief when, on Easter Monday, the Prime Minister ann...
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