Philip Hammond’s first Budget as the Chancellor of the Exchequer was a largely quiet affair with few major and out of the blue announcements. Here’s the key changes that could affect you: The tax free dividend allowance will reduce from £5,000 to £2,000 from April 2018 The
Read more →Technology has enabled businesses to become increasingly global, with companies now accessing talent and trading internationally regardless of size. However, today’s economic climate exposes multinational companies to the risk of unexpected currency fluctuations that can erode profit. We’ve seen unprecedented volatility in the last year, largely due
Read more →Following recent changes to Stamp Duty Land Tax legislation property developers are searching for alternative tax reliefs. Land Remediation Relief (LRR) offers a big incentive to all limited company developers that bring contaminated and derelict land back to productive use. Introduced in 2001 and redesigned in 2009,
Read more →Business advice specialist, Champion Accountants, has added two new members of staff, taking its Chester accountants headcount to 16. Sam Thompson, 29, from Penyffordd and Spencer Youd, 19, from Penymynydd have joined as Audit and Accounts senior and junior respectively. The two new additions will be responsible for
Read more →Champion Accountants has advised on the sale of face etc… following a deal with founder Sharon Moore for an undisclosed sum. The award-winning advanced aesthetics and beauty clinic in York that employs 24 staff has exchanged hands to husband and wife, Nick Rhodes, a resident plastic surgeon
Read more →Following a Royal Commission report on long term care, ‘free nursing care’ in England was introduced. In reality with the funding of just over £150 per week, this money is merely a contribution towards an individual’s needs from a Registered Nurse. However, with people living longer than
Read more →For years businesses which take on numerous projects at once often have them spread across a number of limited companies. With main purpose for this being to ring fence risk and secure the main business assets from any ‘bad’ projects. However, a secondary advantage comes with setting
Read more →Philip Hammond announced big changes in his first (and last) Autumn Statement around the amount of VAT that small businesses will have to pay. From 1st April 2017, businesses using the flat rate VAT scheme that spend less than two per cent of sales on VAT inclusive
Read more →Tuesday, 31st January 2017 is the cut-off date for those having to fill in Self Assessment tax returns. With the deadline looming, Paul Brides, group tax manager at Champion Accountants gives some last minute tips. Who should submit Self Assessment? HMRC usually deducts tax from wages, pensions
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