Category: Business News

The Intellectual Property Office (IPO) have been celebrating the first patent application being filed on its new fully digital ‘One IPO’ patents service. This is part of an effort to provide a more streamlined and efficient service. The IPO are also making use of a new AI-powered patent allocation tool which means that a patent application should now reach the right team within a matter of seconds, instead of the previous 14 days.

Dealing with HM Revenue & Customs (HMRC) can sometimes be challenging. Long wait times when phoning for help, incorrect refund amounts, errors in tax codes and other issues can cause frustration. In recent months and years the decline in service standard from HMRC has been notable, but did you know that it is possible to complain about HMRC and even receive compensation?

The new HMRC tool can help you to estimate what VAT might be owed or reclaimed by your business if you were to register for VAT. You are free to use the tool to explore multiple ‘what-if’ scenarios so that you can compare various situations and how you might be affected.

The new government has rolled out an ambitious plan to drive significant changes across the UK, and as your business advisors, we want to break down how these could impact you. These initiatives span from economic stability to healthcare improvements, border security, energy production, social behaviour, and education reform.

The successor to the Recovery Loan Scheme, the Growth Guarantee Scheme, has now been launched by British Business Bank. The Scheme, which helps smaller businesses in the UK to be able to access finance, opened to applications via accredited lenders on 1 July 2024.

The successor to the Recovery Loan Scheme, the Growth Guarantee Scheme, has now been launched by British Business Bank. The Scheme, which helps smaller businesses in the UK to be able to access finance, opened to applications via accredited lenders on 1 July 2024.

So, the election results are in and the Labour party won the country’s mandate to form a new parliament. What could that mean for the tax you pay? We consider the implications of the new governments tax policies. If any of these changes affect you in any way, please contact us and we will be pleased to give you personalised advice.

Figures released by the Office for National Statistics (ONS) show that the economy grew by 0.7% between January and March. This is higher than their initial estimate of 0.6%, and means that the country’s emergence from recession was stronger than expected.