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
HM Revenue & Customs kindly provides companies with a form that can be used to apply for advance assurance that a company is a qualifying investment for Enterprise Investment Scheme (EIS) or Seed Enterprise Investment Scheme (SEIS) purposes. Obtaining such assurance in advance of a share issue under either scheme is highly valuable to prospective … Read moreEIS or SEIS – You decide!
If you are looking at starting a new hi-tech venture then the timing has never been better in utilising the latest available UK tax incentives. Consider a scenario where say 4 enterprising entrepreneurs are looking at building a new state of the art technology platform. They budget it will cost c£1m to get to market … Read moreMix SEIS + R&D Tax Credits to Maximise your Start-up Funding
You have the opportunity to structure your business finances in ways that preserve more of the wealth that you create. This takes advance planning. Don’t miss this opportunity. To help, here are 10 pre-year end tax planning tips that entrepreneurs should be actively considering to reduce corporation tax, income tax and national insurance costs: Don’t pay … Read more10 Year End Tax Planning Tips For SMEs
Given that the 5 April 2010 UK tax year end is imminent, we are busy advising our UK entrepreneurial clients on ways in which they can arrange their tax affairs to pay the right amount of tax – and not a penny more! Here are just some of the issues we’re discussing – remember, you … Read more2010 Year End Tax Planning Tips for UK Entrepreneurs
James Dyson hits out at the existing “lacklustre” UK R&D tax credit system and its “botched” implementation by HM Revenue & Customs. Dyson is right in his assertion that the recent tightening of policy in restricting certain claims (e.g. for prototypes that are eventually sold) is fundamentally flawed, however, my experience of working with the … Read moreDyson backs ingenious Britain + Changes ahead for R&D tax credits & EIS?