Amazon Killer? Time to look at subscription models…?

Today’s ramblings are about a new rival to Amazon – Jet.com. Jet is already being courted by Walmart as it looks to beef up its online distribution model. With 12m lines already, Jet is looking to attack Amazon’s seeming dominance of the online market by offering household goods at cost price. Customers are rewarded with … Read moreAmazon Killer? Time to look at subscription models…?

FGB004 – Jonathan Lea on legal issues to consider in closing a funding round

Fast Growth Businesss

Jonathan Lea of the Jonathan Lea Network joins me this week to discuss legal issues to consider when seeking to close an early stage funding round. Legal issues to consider when closing a fundraising round In this podcast we cover: What documents most investors will typically expect startup founders to have in place – from … Read moreFGB004 – Jonathan Lea on legal issues to consider in closing a funding round

SEIS / EIS | Crowdfunding | Funding: Modwenna Rees-Mogg

Get Funded! podcast covering SEIS and EIS

Bonus Edition: Here is a re-run of a conversation we had on a related podcast (Fast Growth Business) which we thought listeners of the Get Funded! podcast would also benefit from as it includes discussion around SEIS / EIS. SEIS (Seed Enterprise Investment Scheme) and EIS (Enterprise Investment Scheme) are tax advantaged funding options aimed … Read moreSEIS / EIS | Crowdfunding | Funding: Modwenna Rees-Mogg

FGB003: Richard Harrison, Inovaris talks SME grants | Horizon2020 | Business Growth Service demise

In this third edition of the Fast Growth Business podcast, Richard Harrison, Director of innovation consultants, Inovaris, provides founders and entrepreneurs with some tips on navigating the world of grants and also gives us his thoughts on recent cut-backs to business support services such as the Business Growth Service. Before we dive into the interview, our … Read moreFGB003: Richard Harrison, Inovaris talks SME grants | Horizon2020 | Business Growth Service demise

FGB002: Modwenna Rees-Mogg talks raising funding |Crowdfunding | CrowdRating

We are delighted to bring you this second episode of the Fast Growth Business podcast, this week we are pleased to welcome as our guest, Modwenna Rees-Mogg, founder of leading private investor news service, Angel News, amongst other entrepreneurial ventures including a new venture aimed at entrepreneurs called CrowdRating. This podcast is brought to you by … Read moreFGB002: Modwenna Rees-Mogg talks raising funding |Crowdfunding | CrowdRating

FGB001 – Richard Mills, CEO of Sleepcogni – Kickstarter

Fast Growth Businesss

We are pleased to welcome Richard Mills, CEO and Founder of new UK startup Sleepcogni to the first episode of the Fast Growth Business podcast. Before we dive into this insightful interview on launching a product business via Kickstarter, we should introduce the aims and objectives of the Fast Growth Business podcast. Fast Growth Business … Read moreFGB001 – Richard Mills, CEO of Sleepcogni – Kickstarter

GF012: SEIS / EIS advance assurance tax tips for Film Production companies

In this edition of the Get Funded! podcast we cover some additional tips for film production companies that may be seeking advance assurance from HM Revenue & Customs that they are a qualifying company for the purposes of raising funding under SEIS / EIS. Further info to enclose for SEIS or EIS film company HMRC … Read moreGF012: SEIS / EIS advance assurance tax tips for Film Production companies

GF011 – What is SEIS / EIS HMRC advance assurance and how do I get it?

Get Funded! podcast covering SEIS and EIS

In this episode of the Get Funded! podcast we cover the all important: HMRC SEIS / EIS advance assurance procedure This podcast includes the following points with practical advice: Why the advance assurance application is important? How you apply for it? Typical lead times? What could go wrong? Critical info to include? As discussed in … Read moreGF011 – What is SEIS / EIS HMRC advance assurance and how do I get it?

GF010 – What trades qualify for SEIS / EIS + potential problems for software (saas) companies!

Get Funded! podcast covering SEIS and EIS

In this episode of the Get Funded! podcast we cover the types of trades that qualify for funding under the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS).

We discuss the HMRC excluded activities list that you need to check to confirm that your proposed trade is not listed i.e. excluded. If not, then you should be okay.

There is a relaxation for these excluded activities to be included within your trade although it must not amount to a ‘substantial’ proportion of your overall trade. ‘Substantial’ for these purposes is deemed to amount to no more than 20%. The HMRC advance assurance procedure would be key in these circumstances.

We pay particular attention to the potential problem for software companies (particularly software-as-a-service (Saas) based companies) given that the receipt of royalties or licence fee income IS an excluded activity. There is a carve-out from this exclusion for companies that create the whole or greater part of the underlying asset that generates the licence or royalty fee income –  most software companies rely on this exemption to qualify for SEIS / EIS – but there are some further traps for the unwary….