Yearly Archives: 2014

Increase to R&D Tax Credits for SMEs

August 21st, 2014

Budget 2014 introduced new measures affecting loss making SMEs undertaking research and development activities. Group Tax Director Gill Molloy explains how businesses could now recover up to 32.6% of costs. Loss making SMEs with no corporation tax liability could be eligible for a cash payment, known as a “Research & Development (R&D) Tax Credit”. In this year’s Budget, an increase […]



August 15th, 2014

Start-ups and small to medium-sized businesses across the North West are potentially losing thousands of pounds by failing to take advantage of lucrative tax breaks. Champion Accountants is urging local entrepreneurs to be pro-active and reap the benefits of the Annual Investment Allowance (AIA). Doubling the allowance to £500,000 was among the chancellor’s business-boosting measures […]


Free Retirement Guidance Should Be Independent

August 7th, 2014

There is widespread support for government proposals to provide free retirement guidance but more than half of over-55s think it should come from an independent, consumer body. Chancellor George Osborne announced plans at the 2014 Budget to guarantee all retirees with a defined contribution pension “free, impartial face-to-face advice”. Retirement “advice”, which is regulated, was […]


Retirement Savings At 5 Year High

More than half (53%) of people are now saving adequately for retirement, according to a survey by Scottish Widows. This is an 8% increase compared with 2013 and is the highest level since 2009. It is also the biggest ever year-on-year increase. Scottish Widows defines adequate savings as 12% of income or expecting your main […]


Small Firms Rely on Planning, Not Luck

Luck does not play a big role in a firm’s success according to nearly three quarters of small business owners, research by software provider Sage has found. In a survey of more than 1,000 UK small business owners, just 28% of respondents felt that luck had a bearing on their success. Effective planning – particularly […]


Champion Triumphs in Ironman Challenge

July 28th, 2014

Champion’s Head of IT has successfully completed the grand daddy of all endurance races. Simon Turtington, 39, from Lowton, joined more than 2,000 athletes from around the globe to take part in the UK’s 10th annual Ironman challenge on Sunday 20 July. The 140.6 mile pursuit kicked off at 6am with a 2.4 mile swim […]


Charity World Cup Event Fundraising Success

July 16th, 2014

Champion’s Chester office has helped raise more than £460 for The Brain Tumour Charity and The Countess of Chester Breast Care Unit. Team members and clients gathered at the Bear and Billet on Lower Bridge Street, Chester on Thursday 19 June for a private charity screening of the England v Uruguay match. Andrew Hopwood, Director […]


Champion Makes 45KG Food Donation

July 10th, 2014

Champion Accountants’ Manchester office has recently donated 45kgs of food to Salford Food Bank. During a two-week food drive, Champion team members were encouraged to contribute non-perishable items such as cans, cereals and cakes, which would be used to create emergency food parcels for members of the local community. At the end of the campaign […]


Champion Employs a Magnificent 11

Champion has recently appointed eleven new team members, following a period of growth. Audit & Accounts Trainees, Charlie Rooney and James Sloane, have joined our Manchester headquarters along with Payroll Administrator Rebecca Hall, Tax Administrator Cody Goldsbrough, Administrator Daniel Williams, Payroll Administrator Victoria Vickers, New Business Administrator Sarah Mollard and Commercial Motor Insurance Specialist Jason […]


Champion Supports Blackpool Sixth Form

June 25th, 2014

Champion Accountants is delighted to be sponsoring the award for Outstanding Performance in Debating at the annual Blackpool Sixth Form College Student Awards. The ceremony, which takes place in the Sixth Form theatre on Wednesday 25th June, recognises academic excellence and achievement in areas such as sport, the arts and contributions to the college and […]


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