What projects count as R&D?
According to HMRC, work that advances overall knowledge or capability in a field of science or technology, and projects and activities that help resolve scientific or technological uncertainties, may qualify for R&D relief. Answering this question is not easy and there are many factors that must be considered. Many businesses, especially smaller ones, are convinced… View Article
A Guide To The Seed Enterprise Investment Scheme
The Seed Enterprise Investment Scheme (SEIS) encourages investment in small new early-stage companies. The scheme complements the EIS but focuses on raising much smaller amounts of investment for new start-ups. The SEIS offers extensive Income Tax and Capital Gains Tax breaks for UK investors which helps to drive seed capital in new businesses. There is, of… View Article
Outsourced Financial Function – Spartan Race UK
We provided a complete, outsourced financial function covering the financial accountant role, as management accountant, processing the purchase ledger, customer credit control for non-racer receivables, and on-site asset and cash management during races and international reporting for this investor backed group. We offer a one stop shop for all their needs dealing with VAT including… View Article
SEIS Company Requirements
The SEIS scheme has been designed to help small new start-ups attract investment by offering tax reliefs to individual taxpayers that purchase new shares. There are a number of conditions that must be met in order for a company to be able to benefit from using the SEIS. The SEIS scheme helps new small unquoted… View Article
What types of R&D relief are there?
If your company is undertaking a project that is looking at innovating, improving, or developing a product, process, or service, then you may qualify for R&D tax relief. There are two different types of R&D relief which are generally dependant on the size of your company. A company is usually defined as an SME if staff headcount… View Article
Does my business qualify for EIS or SEIS relief?
Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) The schemes are similar to each other but the SEIS is more focused on very early stage companies. Companies businesses looking to raise finance through EIS investment are typically more developed than those looking for funding using the SEIS and the investment limits and tax… View Article