As we near the end of the 2018/19 tax year, now is the time to review your finances to ensure they’re structured as efficiently as possible. Here are a few reminders to help you maximise your finances through efficient tax planning. First of all, review your current
Read more →As 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
Read more →Leading SME advisors, Champion Accountants, has retained its Platinum Learning Partner Status from the Association of Chartered Certified Accountants (ACCA), demonstrating its continued commitment to staff training and development. The ACCA’s Approved Employer Programme recognises employers with outstanding training programmes and those providing the highest level of
Read more →From 6th April 2019, the total minimum contribution for auto-enrolment is increasing to 8%. Employers will need to make sure that they contribute at least 3% of qualifying earnings (up from 2%), with employees paying in the remaining 5% (previously 3%). As an employer, it is your
Read more →There is less than three months to go until Making Tax Digital transforms the UK tax system. If the new rules apply to you, it is essential that you prepare your business now to avoid a penalty from HMRC. Over the last six months, we’ve been working
Read more →Although Government statistics have shown a marked increase in the uptake of its Research and Development Tax Relief Scheme, there remains certain misconceptions around who is eligible to apply for R&D. Introduced in 2000, R&D tax credits aim to encourage investment in innovation, allowing businesses to claim
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