Following growing pressure to do more to support the UK’s five million self-employed workers during the COVID-19 crisis, Chancellor Rishi Sunak last night announced the Government’s Self-Employed Income Support Scheme. Similar to what was introduced in the Job Retention Scheme, the new measures will offer those who
Read more →COVID-19 is creating unprecedented challenges for the charity sector, as these organisations which work at the very heart of our communities, face pressures across several fronts. At a time when the charity and voluntary sector is seeing even greater demands for their vital services, these same organisations
Read more →VAT registered business are not required to make VAT payments that are due from 20 March 2020 to 30 June 2020. This relief is automatic: it does not need to be claimed. Your VAT liability and payment is not cancelled, it is deferred. Any VAT liability will
Read 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
Read more →Though every business owner hopes to always remain at its firm’s helm, there may come a time when new blood must take the reins. This change in operations must be handled sensitively for business continuity, while the person selected to step into the shoes of their predecessor
Read more →Champion Accountants is here to help you understand what financial help is available to you and your business in these unprecedented times. On Friday evening [20th March], the Chancellor set out a package of temporary targeted measures to support services, individuals and businesses through this period of
Read more →It is, without doubt, an unsettling time but as trusted advisors, we remain committed to supporting individuals and organisations through this period of change. One element of that is ensuring our clients and other organisations receive the necessary financial assistance that is available from Government, which continues
Read more →Businesses which face increasing pressure to identify savings and make efficiencies are using digital accounting as a way of creating new resource which can instead be plugged into growing the organisation. While courses and tutorials are available for business owners, charity founders and those who are self-employed,
Read more →The clock is ticking for business owners who want to benefit from substantial tax relief on big ticket purchases such as plant and machinery. December 2020 sees the end of the temporary increase to the Annual Investment Allowance (AIA). This is the 100 per cent upfront allowance
Read more →The government is amending current tax legislation relating to the sale of residential properties. Here’s everything you need to know about the changes to Principal Private Residence (PPR) Relief and Lettings Relief, which are due to come into effect from 6th April 2020. What’s changing and what
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