Business Succession should be a forethought not an afterthought

Building blocks in business

The future belongs to those who believe in the beauty of their dreams Elanor Roosevelt Business Succession should be a forethought not an afterthought Having spent many years creating and developing a successful business, there may come a time when you want to think about taking a step back and handing the baton on to […]

What HMRC giveth, HMRC taketh away…

HM Revenue & Customs

HMRC enquiries into R&D claims are on the increase. In March this year, HMRC proudly announced the creation of their R&D task force. Its job is to undertake enquiries into R&D claims that companies have made to ensure that they are not fraudulent or incorrect. Sure enough, in recent months we have noticed a marked […]

Patent Box – how the tax relief is delivered

British Pounds

In our first two articles about the UK Patent Box regime, we provided a high-level overview of the tax relief and took a more detailed look at which companies are eligible for it. In this third article in the series we will look at how the relief itself is calculated. The calculation Patent Box relief […]

Patent Box – does my company qualify

Patent Box Image 2

This is the second in our series of articles covering the UK Patent Box regime. Patent Box aims to encourage companies to retain and exploit existing patents and to develop new innovative products in the UK by providing a tax incentive. That incentive takes the form of an effective Corporation Tax rate of 10% on […]

Boxing Clever

Patent Box

Companies exploiting patented products, processes and innovations can slash their Corporation Tax bill What is the benefit of the Patent Box for my company? By electing to apply the Patent Box regime, your company can benefit from a 10% rate of Corporation Tax on its income from patented products, or processes. That is a generous […]

Chancellor Sunak’s Budget for Recovery

tax planning

There will have been many different expectations from yesterday’s much anticipated budget. Business owners will have been hoping for continued support to help them rebuild their businesses and help them grow post Covid. Employees will have hoped for measures to protect their jobs and incomes. Those hoping to buy a home will have looked to […]

Stamp Duty Land Tax – is it residential, non-residential or mixed use?

house frontage

There are no two ways about it. Stamp duty land tax (SDLT) is complex. The legislation is, at best, Labyrinthine, and HMRC’s interpretation of it even more so. For property developers, given the differences in tax rates for residential property compared to non-residential or mixed use property, it’s important to understand what the phrase “residential […]

Has the pandemic proved a game changer for working women?

Denise Friend & Sarah Evans OBE

Women in Business: can we truly have it all?’, a discussion paper presenting research from 2018-19 carried out by Friend Partnership, was optimistic.  The great majority of women surveyed in senior or middle leadership roles or who owned their own business, felt the working environment had improved during their career, with 75% of working mothers […]

We are able to innovate without putting our clients at risk

David Gillies

In an ‘InProfile’ interview with Business Desk, tax expert David Gillies talks about how, as a firm, we at Friend Partnership are able to innovate without putting our clients at risk. I relish the technical and intellectual challenges that I come up against on a daily basis.  I especially enjoy a client coming to me […]