Champion Accountants News
Champion Accountants reaches £34m R&D Tax Relief milestone
April 29th, 2020A leading accountancy group is encouraging businesses to pursue Research & Development (R&D) during the COVID-19 outbreak, as it celebrates securing £34m in R&D Tax Relief claims for its clients. The Government’s R&D Tax Relief scheme is still hugely underutilised, but successful claims continue to be paid amidst the Coronavirus outbreak. As such, we at […]
READ MORE »At a time when cash flow is critical, have you considered R&D?
April 22nd, 2020The most common misconception about Research and Development (R&D) Tax Relief is that it’s only available to lab coat companies and software houses, but this couldn’t be further from the truth. R&D Tax Relief is available to all limited companies that seek to achieve an advance in science or technology in their industry. Things such […]
READ MORE »Covid-19 update: CBILS, R&D tax relief and more
March 25th, 2020Coronavirus Business Interruption Loan Scheme (CBILS) The CBILS is now available, with some 40 participating lenders through which funding can be sought. The advice being given by the British Business Bank is to apply to your usual lender first, as any decision-making on whether you are eligible is fully delegated to CBILS lenders. CBILS supports […]
READ MORE »R&D myth busting – what is eligible?
June 26th, 2019Businesses are missing out on substantial tax savings because they’re unaware of what counts towards a Research and Development (R&D) tax relief claim. Many still wrongly believe that R&D only applies to scientific industries, when in reality, eligible activities can, and do, span a variety of sectors. Government research looking at R&D claims by industry […]
READ MORE »Making the most of staff costs in your R&D claim
May 28th, 2019Introduced by the Government in 2000 as an incentive to promote innovation, Research and Development (R&D) tax credits provide tax relief for eligible activities carried out by UK businesses. Tax relief is calculated based on the company’s spend on R&D, providing relief of up to 230% on qualifying activities. You can claim under the SME […]
READ MORE »Research & Development (R&D) Tax Relief… What counts?
May 24th, 2019We know that Research & Development (R&D) Tax Relief isn’t simple. Time after time, many of the businesses that we talk to about R&D relief have the same misconceptions about what they can claim for, such as: We pay a lot of rent on our premises… that will form a huge part of our R&D claim. As […]
READ MORE »Government Grants and R&D Tax Relief
February 28th, 2019As 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. […]
READ MORE »R&D Tax Relief claims: The latest figures from HMRC
December 10th, 2018Claims 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 […]
READ MORE »Making the most of R&D tax relief
November 30th, 2018So 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 […]
READ MORE »Champion Accountants expands R&D tax team
October 31st, 2018Champion 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 […]
READ MORE »1 2 Next »
The hidden pitfalls of Government COVID-...
July 2nd 2020Throughout the Coronavirus pandemic, we have remained committed to clients to help them navigate the...
Update on CJRS and SEISS
June 24th 2020Furlough Update We are about to enter a phase where the changes to the Furlough scheme, announced b...
Sage Business Cloud | Making Tax Digital Why Sage Business Cloud or Sage 50cloud is...
