Help & Advice

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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R&D Tax Relief claims: The latest figures from HMRC

December 10th, 2018

Claims for R&D tax relief are on the rise according to new statistics released by HMRC, demonstrating that more businesses are seeing the value in the government incentive scheme. R&D tax credits were introduced in 2000 to encourage investment in innovation, allowing businesses to claim tax relief on eligible activities and qualifying research and development […]

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Making the most of R&D tax relief

November 30th, 2018

So many businesses are overlooking research and development (R&D) tax relief, not realising that they could be eligible for the Government incentive, which can help to reduce your Corporation Tax bill or provide a cash repayment on the money invested. In fact, according to figures from HMRC, only 26,255 (0.3 per cent) of SMEs are […]

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Champion Accountants expands R&D tax team

October 31st, 2018

Champion Accountants’ Manchester office has welcomed group tax planning associate, Martin Frain, into its specialist Research & Development (R&D) team to support the growth in tax relief claims. Martin played a key role in Champion Contractors’ expansion into Scotland earlier this year and spent the past six months coordinating the opening of its new Falkirk […]

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MYTH BUSTING RESEARCH AND DEVELOPMENT (R&D) TAX RELIEF

September 6th, 2018

What is R&D tax relief? The Government tax relief rewards innovation by enabling businesses to reclaim part of their investment on research and development activities, through a reduction in corporation tax liabilities or a cash repayment from HMRC. Do I qualify? To qualify for the SME R&D tax credit scheme, you must be a UK […]

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Tax experts save clients £1 million in past year

March 19th, 2018

Business advisors, Champion Accountants, has helped SMEs across the North West claim £1,189,302 in Research and Development (R&D) tax relief during the last 12 months with an average claim size of £47,572. Champion’s R&D tax specialists have helped innovative businesses from a wide spectrum of sectors reclaim the money invested in research and development activities, […]

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City Drainage Engineers Claim £0.5million Through R&D

August 3rd, 2017

Aquaflow Services has been given a huge boost thanks to business advisors, Champion Accountants, identifying a £575,000 spend on Research and Development (R&D). The 24-hour emergency plumbing and drainage specialist based in Canterbury serves some of London’s largest blue chip organisations including hospitals, police and fire stations and leading banks. To remain ahead of the […]

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5 R&D Myths Busted

June 22nd, 2017

Recently we celebrated hitting £15m mark in terms of savings we’ve made for our clients through handling their Research and Development (R&D) Tax Relief claims. To top it off, we’ve also achieved an unbeatable 100 per cent success rate with every R&D claim we’ve made so far. Our clientele isn’t made up by scientists but […]

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Boosting Innovation with R&D Relief

November 23rd, 2015

Recent statistics from HMRC have revealed a 23 per cent increase in SME R&D tax relief claims, with the total number during the last year rising from 13,140 to 16,160. Despite the growth, HMRC estimate that this figure is still less than 10 per cent of all eligible SMEs. The ability to claim R&D tax […]

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CHAMPION SECURES £3.45m OF R&D TAX RELIEF

June 3rd, 2015

Champion Accountants has helped the region’s small to medium-sized businesses claim more than £3.45m in R&D relief over the last six months – with a 100 per cent success rate. One firm that has benefitted from Champion’s work is Lancashire-headquartered web specialists, Bespoke, which has reclaimed more than £14,000 in tax through Research & Development […]

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