This year’s Spring Statement was not the time for ground-breaking tax or spending announcements. Since the abolition of the annual Spring Budget, the major fiscal event is now reserved for the autumn, and with the Government caught in the midst of Brexit turmoil, no doubt the Chancellor
Read more →Audits can be a stressful experience, with the ‘A’ word known to send a shiver down the spine of even the most experienced business owner. But, as with most things, preparation is key, so here are our top tips to a smooth and seamless audit. Check your
Read more →As we near the end of the 2018/19 tax year, now is the time to review your finances to ensure they’re structured as efficiently as possible. Here are a few reminders to help you maximise your finances through efficient tax planning. First of all, review your current
Read more →As companies continue to identify new funding streams, they rarely stop to think about how it might affect their existing funding streams, i.e. their annual Research & Development (R&D) tax credit claim. Grant funding can be used alongside R&D relief, but the rules are complex, and it
Read more →Leading SME advisors, Champion Accountants, has retained its Platinum Learning Partner Status from the Association of Chartered Certified Accountants (ACCA), demonstrating its continued commitment to staff training and development. The ACCA’s Approved Employer Programme recognises employers with outstanding training programmes and those providing the highest level of
Read more →From 6th April 2019, the total minimum contribution for auto-enrolment is increasing to 8%. Employers will need to make sure that they contribute at least 3% of qualifying earnings (up from 2%), with employees paying in the remaining 5% (previously 3%). As an employer, it is your
Read more →There is less than three months to go until Making Tax Digital transforms the UK tax system. If the new rules apply to you, it is essential that you prepare your business now to avoid a penalty from HMRC. Over the last six months, we’ve been working
Read more →Although Government statistics have shown a marked increase in the uptake of its Research and Development Tax Relief Scheme, there remains certain misconceptions around who is eligible to apply for R&D. Introduced in 2000, R&D tax credits aim to encourage investment in innovation, allowing businesses to claim
Read more →A consequence of failing to seek proper advice or opting for the cheapest possible insurance quote often leads to many businesses leaving themselves underinsured. A recent report suggests that up to 80% of UK commercial properties are underinsured and a further 40% of businesses fail to have
Read more →Christmas is the season of giving and our offices have been working hard to make sure that those less fortunate receive some festive cheer. Rather than giving one another Secret Santa presents this year, our Preston practice has instead donated the equivalent £55 that they would have
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