Business Advisory - Page 12 of 28 - Champion Accountants

Champion Round-Up | Tuesday 2nd February

On February 2, 2021 / Business Advisory, Corporate Finance, COVID-19

Written by Ged Cosgrove, group managing partner After a tough start, 2021 has not yet brought the relief that many business owners hoped for. There are, however, some very real reasons to hold on to the positivity and proactivity that have kept us all going through the

Paying tax as a social media influencer: when to declare a gift, sample or freebie

On February 1, 2021 / Tax, Business Advisory

While social media influencing is a relatively new profession, at Champion Accountants we come across recurring questions from influencers who want to pay their fair share of tax. High on the list of queries are the issues surrounding gifts, freebies and samples sent to influencers, and whether

Champion Round-Up | Wednesday 2nd December

On December 2, 2020 / Business Advisory, COVID-19

Written by Ged Cosgrove, group managing partner As we find ourselves entering a new phase of tiered lockdown, it would be wise to assume that life will not return to normal any time soon. Talks of vaccine progression had many excited about a sprint finish to the

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

On November 5, 2020 / Business Advisory, R&D Tax Relief

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

Lockdown 2.0: Furlough scheme extended and more

On November 2, 2020 / Business Advisory, COVID-19

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

Champion Round-Up | Thursday 29 October

On October 29, 2020 / Business Advisory, COVID-19

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

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

On October 28, 2020 / Business Advisory, COVID-19

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

R&D Tax Relief: Connected Vs unconnected subcontractors

On October 26, 2020 / Business Advisory, R&D Tax Relief

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

Extra COVID support unveiled for businesses

On October 22, 2020 / Business Advisory, COVID-19

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

Champion Round-Up | Thursday 8 October

On October 8, 2020 / Business Advisory, COVID-19

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