Business Advisory - Page 9 of 28 - Champion Accountants

Emergency ‘Mini’ Budget: Champion’s reaction & key highlights

On September 23, 2022 / Business Advisory

Today’s “mini budget” was anything but; so much so that it should have been billed the “not so mini” budget. The newly appointed chancellor, Kwasi Kwarteng, stood up at 9:30am and announced a host of measures, some of which we were expecting but there were far more

Energy Relief Bill – New package of support for businesses and non domestic clients announced today

On September 21, 2022 / Business Advisory

Earlier today, the government revealed brand new plans to help businesses cope with the energy crisis. From 1st October to 31st March 2023, there will be a cap of 21.1p per kWh applied to electricity, and 7.5p per kWh applied to gas. This is compared to wholesale

Champion Round-Up | 13th September

On September 13, 2022 / Business Advisory

Written by Ged Cosgrove, group managing partner We join our great nation in mourning the sad loss of Her Majesty The Queen. Over her 70-year reign, Queen Elizabeth II has been such a beloved and ubiquitous figure, having navigated all that is ‘great’ about Great Britain and

When does a hobby turn into a business?

On September 12, 2022 / Business Advisory, Tax

There were more than 800,000 new businesses launched in 2021. Many of these will be the brainwaves of people stepping into the world of business for the very first time, as what was once just a hobby has started to generate income. When this happens, it comes

Champion Round-Up | 23rd August

On August 23, 2022 / Business Advisory

Written by Ged Cosgrove, group managing partner It was originally suggested that we wouldn’t feel the true impact of the pandemic and Brexit on the economy for years to come. Since then, we’ve had to contend with the conflict in Ukraine and the knock-on effect this is

Champion Round-up | 17th June

On June 17, 2022 / Business Advisory, COVID-19

Written by Ged Cosgrove, group managing partner Sometimes it’s easier to focus on the hardships we face in life than to think about all the positive things that emanate from a situation. But I think there’s just cause to take a step back and explore some encouraging

Trust Registration Service (TRS): September deadline is approaching

On June 16, 2022 / Business Advisory, Tax

Did you know that most trusts, whether they have a UK tax liability or not, will now need to be registered on the Trust Registration Service (TRS)? It’s possible that some trustees are unaware of their TRS obligations or have neglected to register a trust given the

Land remediation relief: what it is, and how we can help you claim it

On June 15, 2022 / Tax, Business Advisory

With the Corporation Tax main rate on company profits of more than £250,000 set to increase to 25 per cent in April 2023, businesses will be keener than ever to identify ways to claim relief on their activities. Land Remediation Relief (LRR) is one such route. Available

Champion Round-up | 24th May

On May 24, 2022 / Business Advisory

Champion Round-Up | By Ged Cosgrove, group managing partner In our last round-up, we explored the skills challenge and how many businesses are citing it as their biggest threat right now. Certain socioeconomic factors – Brexit, the conflict in Ukraine, the cost-of-living crisis – are at risk