Champion Accountants reaches £34m R&D Tax Relief milestone

A leading accountancy group is encouraging businesses to pursue Research & Development (R&D) during the COVID-19 outbreak, as it celebrates securing £34m in R&D Tax Relief claims for its clients. The Government’s R&D Tax Relief scheme is still hugely underutilised, but successful claims continue to be paid

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Covid-19 update: CBILS, R&D tax relief and more

Coronavirus Business Interruption Loan Scheme (CBILS) The CBILS is now available, with some 40 participating lenders through which funding can be sought. The advice being given by the British Business Bank is to apply to your usual lender first, as any decision-making on whether you are eligible

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Champion passes £25m milestone in R&D claims

Champion Accountants has helped its SME clients secure £25million of tax relief through the government’s Research & Development (R&D) tax credit scheme. The accountancy group, with practices in Manchester, Chester, Preston and Blackpool, maintains its 100% success rate, with every R&D claim submitted to date resulting in

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R&D myth busting – what is eligible?

Businesses are missing out on substantial tax savings because they’re unaware of what counts towards a Research and Development (R&D) tax relief claim. Many still wrongly believe that R&D only applies to scientific industries, when in reality, eligible activities can, and do, span a variety of sectors.

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Making the most of staff costs in your R&D claim

Introduced by the Government in 2000 as an incentive to promote innovation, Research and Development (R&D) tax credits provide tax relief for eligible activities carried out by UK businesses. Tax relief is calculated based on the company’s spend on R&D, providing relief of up to 230% on

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