Business Advisory - Page 6 of 22 - Champion Accountants

Cryptocurrency: what is it, and how does it affect you?

On July 5, 2021 / Business Advisory, Tax

Cryptocurrency is the buzzword of 2021 – but what is it, and how does it affect you? A cryptocurrency is a digital or virtual currency that uses cryptography as a security feature, making it almost impossible to duplicate or counterfeit. Cryptocurrency is growing in popularity as a

Upcoming Changes to Furlough Scheme and SEISS Update

On June 28, 2021 / COVID-19, Business Advisory, Tax

We’re reminding clients who’ve utilised the furlough scheme that the Government’s contribution towards employee wages will be reduced from 1st July. From this date, employers will only be able to claim 70 per cent of employee wages and will be required to top this up to 80

What’s driving the boom in new property companies?

On May 31, 2021 / Business Advisory, Tax

Changes in the way buy-to-let landlords are taxed on their numerous properties have led to a rise in the number of property-related companies registered in the UK. Over the course of several years, the Government has introduced new rules making it less attractive to own investment properties

Champion Round-Up | Thursday 15th April

On April 15, 2021 / COVID-19, Business Advisory

I’m sure we all exhaled a collective sigh of relief when, on Easter Monday, the Prime Minister announced that the UK remains on track for its planned reopening of society to help the economy move forwards once again. Now starts a rapid mobilisation period for those businesses

Champion Round-Up | Thursday 11th March

On March 11, 2021 / COVID-19, Business Advisory

With a roadmap in place, lockdown beginning to ease, and daily good news on the vaccine rollout, there is a renewed sense of positivity in the air. In the business world, this has translated to a rise in confidence across all sectors, with the hopes of SMEs

Champion guides Quadra through acquisition

On February 10, 2021 / Business Advisory

Champion Accountants has helped its client of seven years, Quadra Claims Services, towards a successful acquisition. Loss adjuster Quadra was founded in 2010 and specialises in heritage and ecclesiastical buildings, high net worth losses and other property claims. Its acquisition by fellow commercial loss adjuster Woodgate &

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 / Business Advisory, Tax

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