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Budget 2021 – Our Reaction
March 3rd, 2021Today’s Budget announcement was substantial… Not in terms of immediate tax changes, but more from the enormity of the economic and fiscal recovery that the UK now faces as the pandemic’s measurable effects are revealed. Chancellor Rishi Sunak set out his plan to address the acute damage that the virus has inflicted. The Budget speech […]
READ MORE »Skilled auditor joins Champion’s established team
March 1st, 2021A Chester-based accountancy group has further strengthened its audit team with the recruitment of a skilled audit professional from another North West firm. Dan Percey has joined Champion Accountants following three years at RSM and will support Champion’s existing audit team, which delivers audits to businesses and registered charities across the North West. Champion Accountants […]
READ MORE »Champion guides Quadra through acquisition
February 10th, 2021Champion Accountants has helped its client of seven years, Quadra Claims Services, towards a successful acquisition. Loss adjuster Quadra was founded in 2010 and specialises in heritage and ecclesiastical buildings, high net worth losses and other property claims. Its acquisition by fellow commercial loss adjuster Woodgate & Clarke, will see the 80-strong Quadra team remain […]
READ MORE »Small businesses to benefit from new Government grant
August 14th, 2020An extra £20m of funding has been made available for small businesses in England that have been affected by the Coronavirus pandemic. Here’s everything you need to know, and how you can apply for the grant. What is available to small businesses? The Minister for Regional Growth and Local Government has announced that grants ranging between […]
READ MORE »Deadline for SEISS first grant is approaching
July 7th, 2020The deadline for businesses eligible for the first Self Employment Income Support Scheme (SEISS) grant is approaching; all claims must be made by Monday 13th July. The scheme was introduced to support your self-employed business if it had been adversely affected by the Pandemic. Businesses must have been adversely affected by coronavirus when they claim the […]
READ MORE »CBILS and SME R&D Tax Relief
July 3rd, 2020With the Coronavirus causing cash flow issues for many, businesses have been increasingly looking towards the Government’s CBILS (Coronavirus Business Interruption Lending Scheme) initiative. What many haven’t realised is that the receipt of CBILS counts as notified state aid. When assessing whether a business is eligible to claim SME R&D Tax Relief, it first must […]
READ MORE »The hidden pitfalls of Government COVID-19 lending schemes
July 2nd, 2020Throughout the Coronavirus pandemic, we have remained committed to clients to help them navigate the many different business finance schemes introduced by Government. The situation we are facing can feel overwhelming; and for those who have worked for years to make successful businesses which are now at risk, being able to make a judgement on […]
READ MORE »Update on CJRS and SEISS
June 24th, 2020Furlough Update We are about to enter a phase where the changes to the Furlough scheme, announced by the Government earlier this month will start to take effect. You will find the HMRC advice through this link: https://www.gov.uk/government/publications/changes-to-the-coronavirus-job-retention-scheme/changes-to-the-coronavirus-job-retention-scheme. However a brief summary of the changes is set out below. The CJR Scheme will close on […]
READ MORE »Update on VAT deferral due to COVID-19
June 17th, 2020As you may already be aware, HMRC gave businesses the option to defer their VAT payments if they were unable to pay them on time without incurring penalties or late payment interest; as part of the Government’s support for businesses during the Covid-19 pandemic. Payment of VAT due between 20 March and 30 June 2020 […]
READ MORE »Changes to the Coronavirus Job Retention Scheme (CJRS) and the Self Employment Income Support Scheme (SEISS)
June 1st, 2020Friday [29 May 2020] saw the Chancellor clarify the expected changes to the Furlough scheme, introduced at the beginning of the COVID-19 crisis and also announce a welcome extension to the Self-Employment Income Support Scheme (“SEISS”). Coronavirus Job Retention Scheme (“CJRS”) Full details can be found at https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme The furlough scheme will finish at the […]
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Champion Round-Up | Thursday 15th April
April 15th 2021I’m sure we all exhaled a collective sigh of relief when, on Easter Monday, the Prime Minister ann...
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