R&D Tax Credits – A new podcast for Founders of Clever Companies!

Audio transcript:
Hi, my name’s Steve Livingston, and welcome to this podcast on R&D Tax Credits. Something a bit different in terms of how we can really share the information and help more companies access this very generous UK government tax relief.

First and foremost to introduce myself, my name is Steve Livingston, I’m the founder of a tax advisory firm called IP Tax Solutions. I’m a chartered accountant, and I’ve been advising companies for fast approaching 15 to 20 years, so fairly experienced in this area, and especially how we do tax reliefs. I have been a qualified Chartered Accountant since 2000.

So, I’ve worked with a lot of companies across a diverse range of sectors, and I think that’s one important thing to note from outset here, this research and development tax relief applies to pretty much any company in any sector. And so you may well find that you’re a founder or a director of a company, and you may have heard of this relief, but you may not be quite sure how it could apply to you.

This podcast aims to run through a series of questions about how it really works in practice; how it may apply to you and really answer frequently asked questions. That’s the format we’re going to take here so you can maybe pick and choose which ones you want to listen to. You can listen to them all if you like. Fill your boots! But you don’t have to do that at all, it’s really a case of giving you an awareness, and I should say in terms of legal blurb this isn’t professional advice, this really is just a case of education, and hopefully some entertainment on the way, as you can learn more about how this tax relief could benefit you.

So, without further ado let’s jump into the episodes. We’re going to try and cover a question in each podcast episode. We’ll aim to be quite short and snappy, so that you don’t have to get too bogged down in detail. But if you’ve got any questions you can of course shoot them over to me. You can find me at iptaxsolutions.co.uk. I also have a site at businessn2K.com. Or you can find me over an email, which you’ll find via those websites.

Again, let’s dive in. As I say, my name’s Steve Livingston. The people who are going to benefit from this podcast are really founders, directors of primarily SME companies, or they may be in charge of a large company, but hopefully find these of use. That’s all for now, speak to you soon.

GF007: What percentage share capital can I own under SEIS / EIS?

Get Funded! podcast covering SEIS and EIS

This is a thorny subject that comes up time and time again:

How much of the share capital can I or my investors own under SEIS / EIS?

In this seventh episode of the Get Funded! podcast we cover the (dreaded) “substantial interest” test that basically says that you can’t hold more than 30% of the issued share capital and qualify for SEIS / EIS.

I say “dreaded” because it is not just you or your investor that you need to consider but also any “associates” too. “Associates” include spouses plus parents, children, grand-parents etc (basically blood relations up and down). Brothers and sisters are not counted as “associates”.

Many startup companies get tripped up by this rule so watch out for it!

This episode was brought to you by ip tax solutions – specialists in R&D tax credits

GF006 – SEIS | EIS: Get your share capital right!

Get Funded! podcast covering SEIS and EIS

In this episode of the Get Funded! podcast we cover:

Getting your share capital right!

Not every type of share is eligible under SEIS / EIS and given the attractive tax benefits offered to investors, this is little surprise. SEIS /EIS investors cannot receive shares that have preferential rights. They must be – what we like to call –

“Full fat, full risk ordinary shares”

We also cover a couple of pointers to watch out for if you are raising money alongside VCs to ensure that the SEIS / EIS investors don’t lose out and how to avoid losing the relief by accident in the future….

This podcast is brought to you by ip tax solutions | the innovation tax specialists

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GF005 Get Funded! SEIS – Make sure you have one of these!

Get funded!In this fifth episode of the Get Funded! podcast, we cover an essential – but frequently overlooked – step that you simply MUST get in place before you raise money under SEIS.

So essential, in fact, that without it, you could mess up the SEIS relief for your investors before you’ve even really got started!

We also cover the maximum amount that you can raise under SEIS being £150,000 and the importance of getting the order right if raising cash under EIS too i.e. SEIS then EIS and not the other way around.

There are changes afoot around the interaction of these reliefs and the “70%” rule but this merits a separate episode – coming soon….! (Subscribe below ;) )

GF004 – Get Funded! Podcast | SEIS | Get ready to slice the pie!

Get funded!In this 4th episode of the Get Funded! podcast we cover:

“Get ready to slice the pie!”

This show is all about the need to issue shares in return for a cash investment if it is to be eligible for SEIS or EIS under current rules.

We also cover what doesn’t qualify e.g. loans, and some tips around types of shares and nominal values of shares to help you get the SEIS share capital structure right from the outset.

Please subscribe and leave us a rating on iTunes – this will help this podcast get found by more entrepreneurs and help the UK get ahead in raising funding for exciting new startups!

GF002 – Why should SEIS matter to my startup?

Get funded!In Episode 2 of the Get Funded! podcast we cover:

  • why and how SEIS is becoming so popular?
  • why many business angels and seasoned investors will expect you to have considered SEIS?
  • an outline of the tax benefits that SEIS provides for investors
  • why you might be at a disadvantage pitching for investment without SEIS?

Leave us any comments or questions in the comments section.

#003 Speakeasy – Effective Business Communication with Andrew Thorp

It is with great pleasure that I introduce Andrew Thorp as our guest on this week’s Business N2K podcast. Andrew is a business speaker and trainer focusing primarily on effective communication skills within business. Andrew recently launched SpeakEasy within the North West and it is proving hugely popular amongst the local business community.  SpeakEasy is … Read more#003 Speakeasy – Effective Business Communication with Andrew Thorp

Show #001 – Juggle! ReThink Work, Reclaim your Life

I’m delighted to kick off our podcast series with a fascinating chat with Ian Sanders of The Ian Sanders Company on his latest book Juggle! Rethink Work, Reclaim your Life Ian Sanders is an entrepreneur, ideas guy, marketing bloke, business potentialiser, unplan evangelist, specialist in creative industries and author! You can either listen to the … Read moreShow #001 – Juggle! ReThink Work, Reclaim your Life