Business Relief and BAD Rate Relief (Entrepreneur’s Relief!)

Business Relief can play a key role in Inheritance Tax (IHT) planning for anyone, however it should be of particular interest to SME business owners.   Business Relief, or Business Property Relief as it used to be known, was first introduced in the 1976 Finance Act. It was introduced to ensure that, after the death of the […]

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The Legal Sector Must Support the Lifeblood of the Economy

SMEs make a massive contribution to the economy and represent almost half the country’s private sector turnover with a combined annual turnover of £1.8 trillion, sustaining about 60% of all private sector jobs.  According to a recent survey, only 13% regarded lawyers as cost effective and almost half would only use legal service providers as […]

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Directors face increasing risk of personal liability and criminal prosecution

Amid the human tragedy of the loss of life resulting from the corona virus pandemic, some of the financial consequences of the crisis and new legislation brought in by the government in response to these problems have not received anywhere near the amount of press coverage and scrutiny that would have been expected in more […]

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The Importance of Insurance

There are two schools of perspective when it comes to insurance: 1.       Insurance is a waste of money.  Pay a premium, never claim and round it comes again the following year, and there is no return.  Plus, it takes time we do not have; or 2.       Insurance saved my business, when the {insert disaster situation […]

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Steps to be taken in relation to trademarks and designs

Steps to be taken in relation to trademarks and designs since the advent of the UK/EU Trade and Cooperation Agreement –        Make a note of the new UK registration numbers along with the due renewal dates. –        File new UK trade mark and design applications in relation to any pending EU applications:  any EU trade […]

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Calling All Developers – Are You Commonhold Ready?

Pankaj Patel is TBC’s commercial and property lawyer who combines his wide legal skills with many years’ of entrepreneurial experience. The concept of Commonhold has been around since 2002 but there has been very little take up by developers.  However, now that there has been escalating criticism of leasehold properties, the time may now have […]

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India: A Beacon for British SMEs

India Unmasked It will come as a surprise to some that the largest vaccine manufacturer in the world is based in India: the Serum Institute of India, supplier to the world. It may also be a surprise that not only did India achieve the fastest rate of vaccinations – one million in 6 days – […]

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Tips for SMEs – why GDPR matters

As an employer, you doubtless seek to ensure that you operate legally. Contracts of employment, staff manuals, equality compliance – all bread-and-butter HR practices. But have you ensured you are ‘GDPR’ compliant? SMEs are equally subject to privacy laws as their larger counterparts, and just as vulnerable to legal and regulatory risks should they get […]

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General Data Protection Regulation – Prepare Now For New Law In May 2018

The Data Protection Act 1998 requires every organisation that processes personal information to register with the Information Commissioner’s Office (ICO), unless they are exempt. Failure to do so is a criminal offence. Unless one of the exemptions applies, individuals should generally be able to choose whether or not their personal data is disclosed to another […]

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Social entrepreneurship: Challenging Traditional Methods, Offering New Solutions

Social entrepreneurs address social and environmental challenges in their unique and creative ways. They drive transformation in fields like education, environment and health. Social entrepreneurs often combine poverty alleviation goals with entrepreneurial acumen and enthusiasm. They challenge traditional business methods and practices and encourage new solutions. Similar to business entrepreneurs, social entrepreneurs create stable and […]

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