Start-ups and small to medium-sized businesses across the North West are potentially losing thousands of pounds by failing to take advantage of lucrative tax breaks. Champion Accountants is urging local entrepreneurs to be pro-active and reap the benefits of the Annual Investment Allowance (AIA). Doubling the allowance
Read more →More than half (53%) of people are now saving adequately for retirement, according to a survey by Scottish Widows. This is an 8% increase compared with 2013 and is the highest level since 2009. It is also the biggest ever year-on-year increase. Scottish Widows defines adequate savings
Read more →Two thirds of UK adults have not checked their credit report in the last five years, according to a survey by the Money Advice Service. Their research shows: 97% of people have heard of credit reports, but few check their rating many do not realise what credit
Read more →Business Secretary Vince Cable has announced that on 1 October 2014 the National Minimum Wage (NMW) for adults will rise by 19p an hour to £6.50. The Government has agreed to follow the 3% rise proposed by the Low Pay Commission in February and this will be
Read more →With an economy that is growing faster than the OBR had originally forecast, unemployment down and reductions in the UK headline and structural deficits, at last, 5 years into his reign, the Chancellor had the chance to offer up a rewarding Budget and perhaps secure the votes
Read more →If you have received a Self Assessment tax return or notice to complete a tax return and not taken action, HMRC is giving you the chance to come forward and pay the tax owed. HMRC’s latest campaign started on 9th July and applies to tax returns for
Read more →RTI “Relaxed Reporting” Update HMRC has announced that it will be extending its temporary relaxation of the Real Time Information reporting rules for smaller businesses from October 2013 until April 2014. The rules apply to businesses with fewer than 50 employees and allow them to send PAYE
Read more →Corporation Tax relief will be made available to the animation, high end TV and video games industries from 1 April 2013, meaning that companies will be able to claim a payable tax credit from HM Revenue & Customs against production costs. The tax relief, known as ‘Creative
Read more →Following George Osborne’s Budget announcement, Group Tax Director GILL MOLLOY gives an overview of the key points. Please click the link below to view the PDF document. The Budget 2013 If you have any queries or require further clarification on any of these areas, please contact Group
Read more →HMRC has announced it will continue to run its “Alternative Dispute Resolution Service” (ADR). ADR was initially set up as a two-year pilot scheme for SME’s (small to medium sized businesses), to settle any disagreements following compliance checks carried out by HMRC. As part of the service, a
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