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How to profit from your patents

The Patent Box allows companies to apply a reduced 10% rate of corporation tax rate on profits earned from their patented inventions and innovations.

Don’t pour cold water on your trademark application

There are a number of things to consider before you submit your application to the Intellectual Property Office.

What makes a good business strategy?

This is a question we often get asked at Hemsley Miller, and it stumps us every time. It's almost impossible to pin down what makes a good business strategy because there is no definite answer.

EU VAT rules are changing. Are you ready?

From 1 January 2015, the way VAT is charged on e-services, broadcasting and telecommunications services to individual consumers will change. If you supply these services to consumers in the EU, are you ready?

How to reduce your corporation tax bill with R&D relief

In a bid to compete with Ireland's 12.5% corporation tax rate, Enterprise Minister Arlene Foster has suggested lowering the rate to just 10%. According to Northern Ireland secretary Theresa Villiers, around 34,000 businesses will benefit when the power is devolved in April 2017.

Five ways to grow your business

"How do I grow my business?"
It can be a difficult question to answer. If you don't know what kind of growth you're aiming for, it seems like a vague concept. Do you want to increase your profits? Open a new office or store? Hire more employees?

RISKY BUSINESS: GOOD RISK VERSUS BAD RISK

From a business perspective, there are good and bad risks. Every opportunity that creates value can be considered a good risk. Bad risks include ignoring regulations or failing to implement effective policies and procedures.

VAT One Business or Two?

A recent #VAT #Tribunal had to decide whether two hairdressing businesses should be treated as a single business for the purposes of #VAT #registration.

Technology and Agile Working

As agile working becomes more common, technology has had to adapt to ensure that employees can be productive, regardless of where they are physically located. Many potential new recruits expect some degree of agile working and the leading businesses have already started to adapt in order to appeal to the best candidates. Many firms have been rolling out smart devices, cloud based storage and cloud based printing in order to allow their people to work from anywhere.

Making Tax Digital for Business Delayed

The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital #MTD for Business to 2020 at the earliest.

Managing Customer Experience

When we have positive interaction with a business we feel good about it and will probably tell friends or colleagues about the experience.

Pension Tax Relief Change

There is again speculation about further restrictions to tax relief on pensions in the Chancellor’s Autumn Budget.

Cash is King!

Managing your cash flow to grow your business