The patent box regime was introduced by the UK government in 2013. A patent box is used to reduce the size of your corporation tax bill on the profits you make directly from patents that you successfully exploit commercially. This is part of the UK government’s drive to increase commercial research and development as the country prepares to leave the European Union.  Read More

The government recently announced that it was to scrap a reform to National Insurance for the self-employed after discovering that some self-employed people would be left worse off. Read More

We all know that strange feeling we get when you’re driving and you spot a police car behind you. Even though you’ve done nothing wrong, there’s always an underlying feeling of guilt and that you might have done something wrong. That’s exactly the same feeling that law-abiding business owners across the country feel whenever they are visited by HMRC. Read More

Within nine months of the end of your business’s financial year, you’ll need to file full statutory annual accounts with Companies House. This goes for all limited companies in the UK and there are very few excuses you can use for missing this deadline. Read More

Running a business incurs a lot of paperwork. In fact, for most new business owners, the amount of information and documentation they have to retain comes as an unpleasant surprise. Making Tax Digital will make it even more unpleasant, we regret to inform you. Read More

Particularly for smaller firms, Value Added Tax (VAT) causes stress and headaches for their owners because of the perceived complexity of the tax. And to be fair, if that’s how you feel, you have a point. It’s not an easy tax to administer and it’s going to become more complicated with the shift to Making Tax Digital in April 2019. Read More

Whether you voted to remain or to leave the European Union, the drama (for want of a better word) involved in exiting the trading and political bloc has not stopped since June 2016. As part of its preparations for a no-deal post-EU world, the British government have been producing various white papers with the intention of giving UK businesses time to prepare for such an outcome. Read More

When you reward your staff, you are showing them that their efforts are not in vain. It can be very easy for a staff member to treat their job as just another clock-in-clock-out 9-5. This means that they won’t go above and beyond their roles. And most importantly, you aren’t getting as much out of your team as you could be. Read More

Accounts receivable describes the money that is owed to you by your customers for the products or services that you have already sold to them. Typically, this is the money that is agreed upon when you commence doing business together.  Read More

Keeping on top of all of your business’s expenses is important for contractors in every industry. Contracting is an industry under fire with a gradual erosion in the number of tax benefits you can take advantage of every year. Work with Panthera to make sure you claim back everything you can to increase your take home pay. Read More