Help & Advice

Blockchain in business

May 7th, 2019

Cryptocurrency continues to hit the headlines, especially since a single Bitcoin in 2010 would cost around £1 compared to the £thousands that they trade for today. Yet it is the technology that makes cryptocurrency possible that is the new hottest trend in town, with Google searches for the word ‘Blockchain’ increasing by more than 250% […]

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Construction spotlight: Managing your finances

May 1st, 2019

The UK construction industry is booming thanks to major projects like HS2, housebuilding targets and the 2022 Commonwealth Games. At Champion Accountants, we support a variety of clients in this complex sector, with our experience including labourers and subcontractors, through to housebuilding firms, landlords and commercial property developers. In this article, we shine a spotlight […]

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The company car is dead… Long live the company car

April 29th, 2019

A client and friend asked me the other day, “how’s business?”. I was standing over a three-foot putt and he caught me off-guard. “Same old, same old” I replied. In actual fact, I was side-stepping  answering honestly so I could concentrate on the matter at hand. Having spent 23 years helping clients respond to fleet […]

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Making Tax Digital is here

April 22nd, 2019

The introduction of Making Tax Digital legislation has already seen a number of Champion clients successfully switch to compatible online accounting platforms, such as Xero or Sage Business Cloud, by using the advice and guidance of our team to find the right software for their business. Under the legislation, every business with a taxable turnover […]

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RBS Switching Scheme: Are you affected?

March 25th, 2019

Back in December, the Banking Competition Remedies Ltd (BCR) named 11 banks to participate in the Business Banking Switch, or Incentivised Switching Scheme. The scheme is designed to tempt business customers away from The Royal Bank of Scotland (RBS) and NatWest by providing offers that are better than those normally on the market. Following the […]

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GUEST ARTICLE: Should there be a ‘right to disconnect’ for UK employees?

March 19th, 2019

Just over 70 years ago, the world’s first computer was built in Manchester. Today, computer technology is everywhere, enabling employees to ‘always be on call’ through remote devices. So can you just switch everything off? Well, the ‘right to disconnect’ from the office was recently tested in two cases which decided that employees have a […]

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Spring Statement: Our key takeaways

March 15th, 2019

This year’s Spring Statement was not the time for ground-breaking tax or spending announcements. Since the abolition of the annual Spring Budget, the major fiscal event is now reserved for the autumn, and with the Government caught in the midst of Brexit turmoil, no doubt the Chancellor was prepared for an especially low-key event when […]

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How to prepare for a successful audit

March 13th, 2019

Audits can be a stressful experience, with the ‘A’ word known to send a shiver down the spine of even the most experienced business owner. But, as with most things, preparation is key, so here are our top tips to a smooth and seamless audit. ­ Check your threshold It is worth mentioning that not […]

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Tax planning considerations for 2018/19 tax year

March 4th, 2019

As we near the end of the 2018/19 tax year, now is the time to review your finances to ensure they’re structured as efficiently as possible. Here are a few reminders to help you maximise your finances through efficient tax planning. First of all, review your current business structure. Circumstances change and your current structure […]

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Government Grants and R&D Tax Relief

February 28th, 2019

As companies continue to identify new funding streams, they rarely stop to think about how it might affect their existing funding streams, i.e. their annual Research & Development (R&D) tax credit claim. Grant funding can be used alongside R&D relief, but the rules are complex, and it can be tricky to navigate for business owners. […]

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