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
Don’t assume your company doesn’t qualify – even if your accountant has discounted it or perhaps not even mentioned it (in fact that might be all the more reason to check it out!) It doesn’t matter whether your company is profitable / tax paying in a financial period or loss-making – R&D tax relief can … Read more7 R&D Tax Credit Tips
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…
Here’s a round up of some recent financial & tax news that might be of interest – you can find an audio download version of this post below: Calls for quarterly R&D tax relief for SMEs In an effort to boost SME cashflow, there are calls for the Government to make the UK R&D tax … Read moreTax Matters: R&D tax credits; Patent Box plus SEIS / EIS course
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