Development | SGBA - Transforming businesses

SGBA is a well established company providing help and support to small businesses in the South of England. The business consists of 9 well qualified, experienced business advisors who help companies in a variety of sectors and have experience in strategy development, sales and marketing, financial management including obtaining grants and other funding and HR.

SGBA has now launched a specialist business focussed of the drinks, hospitality and events sectors across the country. The new business is The Business of Drinks (www.businessofdrinks.co.uk) and focusses mainly on craft brewers, vineyards, distilleries, soft drink manufacturers and their supply chain. They also have expertise in the hospitality and event sectors.

For some years now SGBA has been helping various types of drinks manufacturers to develop and grow there business and have been involved with delivering digital marketing workshops to the wine industry through Wineskills. It was quickly realised that there was a need to deliver the expertise of the associates to this sector across a wider area and so decided to launch the Business of Drinks nationwide. They have also developed a range of services which are specifically designed for the drinks industry and have already raised funding for some clients and have been successful in obtaining grants for others.

For more information contact us or email info@sgba.co.uk

Well it arrived in April 2013, and nobody seemed to notice. No fanfares, no TV adverts, no tweets, all rather silent.

But for ‘Ltd Companies’ with patents in their armoury, THE PATENT BOX is good news.

“So, what are the Government doing for small businesses?”, a frequently heard question. Well, for a start they are encouraging innovation. Research and Development Tax Credits are known by some, but the majority are oblivious, so it is important that this latest incentive is publicised.

So, what is THE PATENT BOX?

The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions and certain other innovations. The relief will be phased in from 1 April 2013 and the lower rate of Corporation Tax to be applied will be 10 per cent.

Where can I get more detail? The HMRC web site explains this well, and in the fullness of time most Accountants should be able to assist and provide guidance.

A company, that has a mix of products, and let’s say 30% of their turnover is for products that are protected by patent, will have the lower tax computation applied to the 30%, not the entire business.

In the past, innovators have been reluctant to patent their innovations, on the basis that their ability to afford top lawyers in infringement court cases were limited. However, now a greater incentive to raise a patent. Perhaps now is the time to train to become a Patent Attorney?

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SGBA launches new business to support SMEs in drinks and hospitality sectors

Innovators : Even more incentive for Intellectual Property.