Xero is an innovative cloud-based accounting software that we at Champion have been using for quite some time now. It gives growing businesses a head start ready for when Making Tax Digital comes into place. Our in-house Xero expert and audit & accounts manager, Nathan Jones from
Read more →This year’s tax deadline brought another hiccup from HMRC after thousands of tax payers who logged on to file their self-assessment found that the website was down. Users took to twitter to vent their frustrations, with many customers’ worried that the problem wouldn’t be fixed in time
Read more →There are so many reasons why a company may undergo a demerger but as a result of the UK’s stronger economy and ‘better-than-expected’ growth figures, we’re seeing an increasing number of organisations choosing to divide up their companies to become two (or more!) businesses. Whether it’s a
Read more →A much-loved fish ’n’ chip shop in Thornton has been sold for an undisclosed sum after being in the family for more than 40 years. Thornton Fisheries on Victoria Road East was sold to Chinese buyers earlier this year, who will continue the chippy’s legacy in the
Read more →The recent passing of the Finance Bill 2017 saw new legislation for tax changes announced by the Chancellor in the Autumn Budget 2017. The key areas of focus were clamping down on tax avoidance, supporting businesses and innovation. To separate fact from fiction, we’ve put together a
Read more →More than six months into the revised IR35 regime for the public sector and reports show that more contractors are being caught by the legislation. This, combined with announcements in the Autumn Budget that the rules could soon be rolled out to include the private sector, makes
Read more →Phillip Hammond set out his first Budget as Chancellor with the declaration that he was preparing the UK for a ‘new relationship with the European Union (EU) and a new Future outside of the EU’. He took the opportunity, as many of his predecessors have, to take
Read more →You may think a company car offers great benefits for both the business and the employee, but have you considered all of the tax implications? Any car owned by a company, which is used by an employee for personal use, will attract a benefit in kind charge
Read more →The Global Restructuring Group (GRG) was Royal Bank of Scotland’s (RBS) former turnaround division for struggling businesses, before it was shut down in 2014 following allegations of mistreatment. 16,000 companies were allegedly pushed into the GRG unit after the onset of the financial and banking crisis of
Read more →Land Remediation Relief (LRR) offers a big incentive to businesses and land owners that bring contaminated and derelict land back to productive use. Introduced in 2001 and redesigned in 2009, LRR offers a relief on Corporation Tax equal to 150% of the qualifying expenditure that was incurred
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