Help & Advice

Audits in the age of COVID-19

November 6th, 2020

COVID-19 has impacted all facets of life and until a vaccine is found, is likely to continue to do so for some time. That said, life and business must go on, with company audits being no exception. Naturally, some may have concerns regarding on-site auditing in the current circumstances and some audit firms have been […]


Navigating cashflow issues during COVID-19 – could R&D tax relief be a solution?

November 5th, 2020

Engineering businesses constantly strive to stay one step ahead of the competition, no matter what other external economic factors may be at play. At a time such as this though, where cashflow and financial pressures are being felt more acutely than ever, have you considered that your business’s attempts to innovate may also be an […]


COVID update: furlough extends until March 2021 and self-employment boost

Today [5th November 2020] saw the Chancellor announce that the re-introduced Coronavirus Job Retention Scheme (CJRS) would be extended until the end of March 2021, whilst also boosting the next three months of financial support for the self-employed. In brief, the summary of the changes to the furlough scheme include: Extending the furlough scheme until […]


Lockdown 2.0: Furlough scheme extended and more

November 2nd, 2020

The PM’s announcement on Saturday triggered a raft of changes to the financial support available to businesses during the ongoing COVID-19 pandemic. With an increasing number of businesses mandated to close under the new lockdown restrictions, Boris Johnson confirmed that the Coronavirus Job Retention Scheme (CJRS) would remain open until December 2020, with the new […]


Champion Round-Up | Thursday 29 October

October 29th, 2020

Written by Ged Cosgrove, group managing partner  The role of an SME owner and manager can, at times, feel like a lonely place, and the number of individuals feeling this stress and strain is seemingly on the rise. SME owners are renowned for wearing multiple hats, which so often comes with the territory, yet businesses […]


Cloud accounting was the future. Now it’s here.

October 28th, 2020

For an SME or startup, maintaining manageable and organised accounts can be one of the biggest headaches, but it doesn’t have to be that way. As COVID-19 restrictions forced most of us — and our work — further online, the need to embrace digital tools across all aspects of business became increasingly acute. At Champion […]


R&D Tax Relief: Connected Vs unconnected subcontractors

October 26th, 2020

Written by David Herd, senior tax advisory consultant at Champion Accountants In a previous article, we discussed the difference between hiring an employee or a sub-contractor. You can find that article from July 24th here. Today, I’d like to look at connected versus unconnected sub-contractors, from an R&D Tax Relief perspective. Research and development (R&D) […]


Extra COVID support unveiled for businesses

October 22nd, 2020

The Chancellor made a further announcement this morning to extend the economic support available to businesses that have been forced to legally close, as well as those that have remained open but who, nevertheless, are experiencing difficulties. In recognition of the challenging times ahead, the Chancellor said he would be increasing the support that is […]


Latest Covid-19 Funding Options Announced By The Government

October 13th, 2020

The lockdown restrictions across the UK have become ever more complex, with the government having introduced a tiered system which is to be implemented on a regional basis. Businesses across the country are all being affected by this, with lots of the proposed measures inflicting economic uncertainty on communities. Last Friday (9th October), ahead of […]


Champion Round-Up | Thursday 8 October

October 8th, 2020

Written by Ged Cosgrove, group managing partner  In today’s fast-changing environment, companies must focus on increasing their agility and building resilience to mitigate the effects of the ongoing pandemic, whilst continuing to undertake all necessary duties and responsibilities. One such responsibility of the Directors is to carry out detailed and demonstrable assessments to ascertain whether […]


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