Corporate Finance - Champion Accountants

Budget 2021 – Our Reaction

On March 3, 2021 / Corporate Finance, COVID-19

Today’s Budget announcement was substantial… Not in terms of immediate tax changes, but more from the enormity of the economic and fiscal recovery that the UK now faces as the pandemic’s measurable effects are revealed. Chancellor Rishi Sunak set out his plan to address the acute damage

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

New Lockdown Grants Announced

On January 5, 2021 / Corporate Finance, COVID-19

Following on from last night’s announcement by the Prime Minister, that the country has been plunged back into a national lockdown until mid-February; the Chancellor has today announced further financial support for affected businesses. The Chancellor, Rishi Sunak, has announced one off top up grants for businesses

Did anybody expect an up-beat Spending Review?….. Neither did we!

On November 25, 2020 / Corporate Finance, COVID-19

During his lunchtime announcement, Chancellor Rishi Sunak told the country that “…the coronavirus health emergency is not over, and the economic emergency has only just begun.” The Chancellor explained that his immediate goal is to prioritise jobs, businesses and public services. In doing so, governmental borrowing for

COVID update: furlough extends until March 2021 and self-employment boost

On November 5, 2020 / COVID-19, Corporate Finance

Today [5th November 2020] saw the Chancellor announce that the re-introduced Coronavirus Job Retention Scheme (CJRS) would be extended until the end of March 2021, whilst also boosting the next three months of financial support for the self-employed. In brief, the summary of the changes to the

Champion Round-Up | Friday 14 August

On August 14, 2020 / Corporate Finance, COVID-19

Written by Ged Cosgrove, group managing partner As we edge closer to the end of some of the Government’s emergency Coronavirus business support schemes, HMRC is now turning its attention to those who have taken deliberate advantage or unknowingly claimed in error. HMRC has begun issuing letters

Small businesses to benefit from new Government grant

On August 14, 2020 / Corporate Finance, COVID-19

An extra £20m of funding has been made available for small businesses in England that have been affected by the Coronavirus pandemic. Here’s everything you need to know, and how you can apply for the grant. What is available to small businesses? The Minister for Regional Growth

Deadline for SEISS first grant is approaching

On July 7, 2020 / Corporate Finance, COVID-19

The deadline for businesses eligible for the first Self Employment Income Support Scheme (SEISS) grant is approaching; all claims must be made by Monday 13th July. The scheme was introduced to support your self-employed business if it had been adversely affected by the Pandemic. Businesses must have

The hidden pitfalls of Government COVID-19 lending schemes

On July 2, 2020 / COVID-19, Corporate Finance

Throughout the Coronavirus pandemic, we have remained committed to clients to help them navigate the many different business finance schemes introduced by Government. The situation we are facing can feel overwhelming; and for those who have worked for years to make successful businesses which are now at

Tax relief for Limited company landowners / property developers

On April 7, 2020 / Corporate Finance, COVID-19

Cash is king during a global pandemic like COVID-19. Taking the world by complete surprise and having a dramatic impact on many businesses, it has made many owners realise just how important positive cash flow can be and work to find new ways to mitigate risk to