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
Read more →Working with universities to create live briefs and modules works both ways; students receive real-world experience, often at the cutting edge of that industry. Small companies then receive access to the latest technology in the industry and get to work with creative, passionate students who are eager
Read more →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 →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 →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
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