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
Read more →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
Read more →Author is Simon Berry, 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
Read more →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
Read more →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,
Read more →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,
Read more →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%)
Read more →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
Read more →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
Read more →The implementation of the EU Fourth Money Laundering Directive will result in increased transparency of who owns and controls companies in the UK. The changes will affect the requirements to notify Companies House of changes in Persons with Significant Control (PSC). How will you be affected? From
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