![Wide aerial panorama of the illuminated London skyline during evening, England, with River Thames leading into the city](https://www.pricebailey.co.uk/wp-content/uploads/2018/03/London-skyline-at-night-427x241.jpg)
A guide to the Patent Box and how to qualify
Learn if your business qualifies for Patent Box relief and how you can claim it.
You've got the idea, now what should you consider
Starting your own business can be difficult and stressful – but very exciting, too. It’s vital to find the right support, guidance and inspiration to get your business off the ground. With good advice, the journey will be very rewarding.
Taking the time to create a clear business plan is essential for new companies. It’s a good way to define the type of customer you’re looking for, and to outline how you’ll meet their needs.
Most importantly, it forces you to think about how you’re going to make a profit. If you need help with your business plan, we can guide you through the process to ensure it’s detailed, flexible and achievable.
During the early stages of your business, there will inevitably be a period when you spend a lot of time and money without seeing any return. So it’s essential to research your market in detail, to make sure you’ll have customers interested in your product or service.
Then you’ll need to investigate the different sources of funding that can help with those initial costs. Again, we can advise you on this, and recommend the one most suited to your situation.
Contact us today to find out more about how we can help you
Learn if your business qualifies for Patent Box relief and how you can claim it.
Price Bailey retains status as 'Outstanding Company to Work For' in 2024
As Labour secured a substantial majority in last week’s general election, our Price Bailey tax team start to consider what is known or suspected of their fiscal policy and what taxpayers might look to do in the short term.
Every quarter, our Academies team will publish the most important and frequently asked helpdesk queries. You can download our 2024 quarterly updates here.