Creative Industry Tax Reliefs (CITR) are a collection of Corporation Tax reliefs that allow qualifying companies...
Key Business Consultants was launched as a tax specialist firm. We are highly experienced in dealing with SEIS and EIS schemes.
At KBC, we do everything we can in assisting start-ups with the process of raising finance within the confines of what is acceptable to HMRC and continue helping them throughout the entire share issue process to ensure everything is done correctly. We:
Plenty of companies make one small error in the process and jeopardise the entire investment.
We can also guide you to funds who help with the actual raising of finance. Then we check that the funds are spent on a qualifying activity within the necessary timeframe. We then confirm that everything is done in compliance with the rules.
The importance of advance planning to raise finance cannot be understated. We can also advise on the new ‘risk-to-capital’ condition that was introduced at the start of the new tax year.
Another important area for Key Business Consultants is advising investors of suitable SEIS and EIS investment opportunities and the tax benefits available. There are a number of important criteria that must be met for an investment to qualify for all the available tax reliefs.
For example, the shares issued to investors must be qualifying shares and must be held for at least three years. The investors cannot be employed by the issuing company before they invest but there are opportunities for certain paid directors to invest.
There are also maximum shareholding limits that an investor can hold. If all these conditions are met investors can invest substantial amounts of money with Income Tax reliefs.
The investment limits for the SEIS are much smaller than for the EIS and this is reflected with the higher Income Tax reliefs offered for investing in very early stage start-ups. However, no investments in either of these schemes should be undertaken without proper research and the full knowledge that any capital invested is at risk. Any potential investor must carefully examine the pros and cons of making any investment.
We look forward to hearing from business owners wanting to know more about attracting investment under SEIS or EIS. We'd also love to talk to any investors looking for an opportunity for capital growth together with excellent tax benefits. Contact us today with any questions, we would be happy to assist you.