Yearly Archives: 2017

Entrepreneurs’ Relief for Property Developers

August 21st, 2017

Property developers could gain a lucrative tax break by using Entrepreneurs’ Relief, though there are several qualifying factors to keep in mind. Entrepreneurs’ Relief reduces Capital Gains Tax for individuals to just 10 per cent when disposing of all or part of a qualifying business. However, there is a lifetime limit of £10 million of qualifying […]

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Champion Recruits to Support Xero Growth

August 14th, 2017

North West accountants, Champion Accountants, has recruited a new management accountant to strengthen its cloud-based accounting offering. The appointment of Elle Najar comes during increasing demand for Champion Accountants’ Xero offering, which has seen the number of clients using the platform grow by more than a third in the last 12 months. The 25-year-old from […]

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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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Guest post: Funding SME success

July 26th, 2017

Author is Simon Berry (pictured) Senior Investment Executive at FW Capital SMEs are ambitious yet without a solid funding stream, this ambition could be nothing more than a pipe dream. Whether it’s new equipment, cash injections or extra working capital, businesses need money to continue growing. Here at FW Capital, we manage the £102million NPIF – […]

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Salary Vs Dividends: What’s the best combination?

July 25th, 2017

Owners and company directors can choose how and when to extract funds from their business. Yet with almost every extraction resulting in one tax charge or another, it’s important to understand how best to take money out of your business. Salary Taking all of your income as salary will require a PAYE scheme setting up […]

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Are you GDPR ready?

July 21st, 2017

On the 25th May 2018, the law around General Data Protection Regulation (GDPR) changes. From this date, it will be illegal to contact anyone, including customers and prospects, with business messages without their permission. GDPR covers any sort of data about an EU citizen, whether that’s names, contact information, card payment details, IPs, cookies etc. […]

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Making Tax Digital Delayed to 2020

July 18th, 2017

Ministers have announced that they’re changing how they implement Making Tax Digital. Under the new rules and timetable, businesses will only have to keep digital records and update the taxman every quarter from 2020. Starting in 2019, businesses with a turnover above the VAT threshold, currently £85,000, will have to keep records for VAT purposes. […]

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SMEs shrug off Brexit uncertainty, reveals survey

July 11th, 2017

Confidence amongst UK SMEs is on the rise, according to new data from business advisory group, Champion Accountants. The annual SME outlook survey revealed that SMEs re focussed on growing their business during the next 12 months, with the economy (40%), cash flow (34%) and competition (23%) cited as the biggest barriers to achieving this. […]

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Solicitors overlooking Stamp Duty rules prove costly for businesses

July 7th, 2017

Manchester-based financial advisors, Champion Accountants, are urging business owners to ask more of their conveyancers when purchasing residential properties through their company as three of the firm’s clients have recently been affected. Whilst the stamp duty rules for individuals purchasing their second residential property is well-known, the guidelines around companies purchasing such properties are far […]

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The science of online lead generation

July 4th, 2017

In recent years, advances in digital marketing have both helped and hindered SMEs in their online lead generation, depending on the approach taken. It’s a bit like what’s happened in the music industry, where ease of access to the technology has led to more content, but not always better quality content. If I think back […]

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