Bounce Back Loan scheme goes live Last week we highlighted the new Bounce Back Loans introduced by the Chancellor which will enable small and medium-sized businesses to borrow between £2,000 and £50,000, and as of this morning [4 May], the scheme went live. The full guidance, including details on how to apply, is available on […]READ MORE »
A 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 »
Yesterday morning [Monday 27 April] saw the Chancellor announce a Bounce Back Loans scheme for SMEs. This will enable such businesses to benefit from a new fast-track finance initiative that will provide loans with a 100% Government-backed guarantee for lenders. HMRC’s official guidance can be found here, albeit with limited detail: https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan. The scheme will […]READ MORE »
CJRS: In general It’s been a busy week since HMRC opened its CJRS portal on Monday morning and we began making the first of our clients’ furlough claims. Overall, the portal seems to be coping with the sheer volume of claims being made nationally. Official figures state that as of close of business on Monday […]READ MORE »
The Blackpool office of Champion Accountants has advised on the acquisition of acclaimed gymnastic-wear manufacturer Milano Pro Sport by Manchester’s Signature Fabrics. The undisclosed deal sees 90 per cent of Preston-based Milano Pro Sports’ shares sold. Founders Paul and Lesley Pendergest – who cut their teeth as MD with Betterware Gp. and head of swimwear […]READ MORE »
The 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 »
HMRC has issued an update on just how it intends to calculate your eligibility for the Self-Employment Income Support Scheme (SEISS) grant. Whilst the claim service is not yet available, HRMC aims to contact you by mid-May 2020 and make payment by early June 2020. It will be available for three months but may be […]READ MORE »
HMRC has now issued detailed guidance on how a business may make a Coronavirus Job Retention Scheme (CJRS) grant claim. The online claim service will be launched on GOV.UK on Monday 20 April 2020. HMRC has advised that you should not try to access the claim portal before this date as it will not be […]READ MORE »
With much confusion around the CBILS, we spoke with a trusted contact of ours from one of the leading high street banks to gather their insight and practical pointers. Here’s what we learnt: Lending decisions The starting point for a lender in terms of assessing whether to lend is the long-term viability of the business […]READ MORE »
Gradually, we are seeing further information and guidance being released by Government which is helping to answer our clients’ questions and provide more clarity and certainty around the raft of economic reliefs and financial support made available due to COVID-19. Coronavirus Job Retention Scheme (CJRS) The full details of CJRS can be found here: https://www.gov.uk/guidance/check-if-you-could-be-covered-by-the-coronavirus-job-retention-scheme […]READ MORE »
Today’s Summer Economic Update (or “Emergency Budget” as it has been dubbed) enabled the Chanc...
The deadline for businesses eligible for the first Self Employment Income Support Scheme (SEISS) gra...
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Leading cheese manufacturer, Procter's Cheeses, has been developing its products for almost 30 years and produces more than 200 tonnes of cheese each year.