Here’s a neat little tip for the formation of a UK company whilst filing with HMRC for company corporation tax and Pay as You Earn (PAYE) for you and your (future) employees all in one go. This all-in-one registration service is offered by the UK Government online portal. All for the grand old price of … Read moreHow to Incorporate a UK company AND file for corporation tax and employee taxes (PAYE) all in one go
A really common question, so I thought I’d throw up a quick tutorial to share the answer. Hope this helps! (This course might help too :))
Delighted to have launched our new online step by step guide to preparing and filing an Advance Assurance Application to HMRC that your company qualifies under SEIS and / or EIS! Really brought about by popular demand and to fill a gap where some companies simply don’t have the budget to take on a professional … Read moreLaunching our new course on the HMRC SEIS / EIS advance assurance
I know it’s not cool to aim for being ‘ordinary’ and its not a label that you’ll want attached to your business but when it comes to your SEIS / EIS shares this is exactly the label you want – ordinary shares. SEIS / EIS shares must be ordinary non-redeemable shares and carry no preferential … Read moreSEIS / EIS: When it pays to be Ordinary!
Judging by the rapid uptake in the number of calls and enquiries we are receiving on a weekly basis from entrepreneurs and founders looking to ensure that their company is SEIS / EIS tax ready – I think it is fair to say that SEIS / EIS tax benefits are now getting the attention they deserve! … Read moreSEIS / EIS is on the rise!
The requirement for a company to have a ‘new qualifying trade’ (i.e. trading for less than two years) in order to qualify under SEIS is now fairly well trodden ground. Less well trodden is the new requirement for EIS qualifying companies to have commenced trading (had first commercial sale) within the past seven years (there … Read moreNot just SEIS has trading timelimits – EIS does too!
It might be useful to revisit one crucial factor in planning for SEIS / EIS: The issue of new ordinary shares in exchange for a cash investment. Simple, right? Then day-to-day reality steps in…. The shares are issued before the cash has cleared – oops! The shares are issued way after the cash has cleared – … Read moreSEIS / EIS – A simple issue, yet often not easy…
There’s been a recent sorry tale of an EIS investor who invested £50k for shares in a qualifying company under EIS. All seemingly went well and he sold his shares for – what he thought would be – a CGT free disposal. But there was a problem… He had failed to make a claim for … Read moreClaim EIS income tax relief if you want a CGT free disposal
For those entrepreneurs, founders or business angels looking for a brief one-pager on the UK’s Seed Enterprise Investment Scheme (SEIS), this SEIS in a nutshell PDF doc might be handy.