Champion Round-Up | Friday 10th September

Champion Round-Up | Friday 10th September

Written by Ged Cosgrove, group managing partner Since we last spoke, there has been another easing of Coronavirus restrictions, which has seen many sectors operating at pre-pandemic levels for the first time since March 2020. The full reopening of businesses will serve to get our economy moving

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Paying Employees in Cryptocurrency

Paying Employees in Cryptocurrency

Many people think of cryptocurrency as an investment: something you could buy in the hopes that it will increase in value. But Bitcoin and other cryptocurrencies are increasingly creeping into day-to-day life and becoming a real financial consideration for individuals who might have previously seen cryptocurrency as

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Are You Paying Illegal Dividends?

Are You Paying Illegal Dividends?

A company can pay dividends to its shareholders at any time as a reward for investing in the business and as a way of distributing company profits. Because of the way that they are awarded, however, many directors unknowingly pay illegal dividends. How are dividends paid? Two

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What is Cryptocurrency Mining?

What is Cryptocurrency Mining?

Our last blog answered some big questions: What is Cryptocurrency? And how might crypto tax and crypto assets impact my finances? But there’s a lot more to understand about cryptocurrencies. Our experts have increasingly been asked to explain Bitcoin mining, or crypto mining, and how to declare

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Champion strengthens Preston practice with TLL merger

Champion strengthens Preston practice with TLL merger

Champion Accountants has joined forces with Hesketh Bank-based practice, TLL Chartered Accountants, and will permanently relocate its Preston office following the merger. The Docklands-based practice will transition to TLL’s existing office, with the combined practice trading under the Champion brand with a 20-strong team. With offices throughout

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Understanding and Using a Director’s Loan Account

Understanding and Using a Director's Loan Account

Many small business directors find themselves in a position where they want to borrow money from their cash rich businesses. It’s tempting to draw down funds using their Director’s Loan Account (DLA), however, many do so without fully understanding the potential tax consequences. Is the loan affordable?

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Champion turns 50!

Champion turns 50!

Words by Ged Cosgrove, group managing partner 50 years ago today, when Fred Champion opened the doors to the first Champion office, the UK economy faced strikes and the highest unemployment rates since World War II. Half a century later, the pandemic may have caused turbulence beyond

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