News & insights

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

Skilled auditor joins Champion’s established team

On March 1, 2021 / Team News

A Chester-based accountancy group has further strengthened its audit team with the recruitment of a skilled audit professional from another North West firm. Dan Percey has joined Champion Accountants following three years at RSM and will support Champion’s existing audit team, which delivers audits to businesses and

Champion guides Quadra through acquisition

On February 10, 2021 / Business Advisory

Champion Accountants has helped its client of seven years, Quadra Claims Services, towards a successful acquisition. Loss adjuster Quadra was founded in 2010 and specialises in heritage and ecclesiastical buildings, high net worth losses and other property claims. Its acquisition by fellow commercial loss adjuster Woodgate &

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

Paying tax as a social media influencer: when to declare a gift, sample or freebie

On February 1, 2021 / Business Advisory, Tax

While social media influencing is a relatively new profession, at Champion Accountants we come across recurring questions from influencers who want to pay their fair share of tax. High on the list of queries are the issues surrounding gifts, freebies and samples sent to influencers, and whether

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

Champion Round-Up | Wednesday 2nd December

On December 2, 2020 / Business Advisory, COVID-19

Written by Ged Cosgrove, group managing partner As we find ourselves entering a new phase of tiered lockdown, it would be wise to assume that life will not return to normal any time soon. Talks of vaccine progression had many excited about a sprint finish to the

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

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

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

Audits in the age of COVID-19

On November 6, 2020 / Audit & Accounts, COVID-19

COVID-19 has impacted all facets of life and until a vaccine is found, is likely to continue to do so for some time. That said, life and business must go on, with company audits being no exception. Naturally, some may have concerns regarding on-site auditing in the

Navigating cashflow issues during COVID-19 – could R&D tax relief be a solution?

On November 5, 2020 / Business Advisory, R&D Tax Relief

Engineering businesses constantly strive to stay one step ahead of the competition, no matter what other external economic factors may be at play. At a time such as this though, where cashflow and financial pressures are being felt more acutely than ever, have you considered that your