If you want to attract investment to your company, remember HMRC offers generous tax incentive schemes to your investors – Enterprise Investment Scheme (EIS) is designed to help qualified smaller, higher-risk companies raise capital by giving tax relief to investors. An individual investor can invest up to £1,000,000 (and £2,000,000 …
Category: Companies
HMRC require that all companies’ financial years finish on the last day of the month in which they are incorporated. HMRC also want any one corporation tax return to cover no more than 365 days. This means companies must submit one return covering the twelve months to the anniversary of …
When exiting a limited company, entrepreneurs need to extract retained profit from their company. Normally, profit taken from a company would be treated as dividends, and incur the corresponding income tax liability. However, a much-preferred option as we’ll see is to qualify for entrepreneurs’ relief and to treat profit as …
As an entrepreneur, a lot of you will reach the point where you need capital to support the growth of your business. You will then work on your business plan, create a pitch deck, and set off to woo potential investors. But here is one more critical task you may …
The government introduced a scheme (SME scheme) to incentivise scientific and technological innovation. If your company conducts R&D activities and your company is subject to Corporation Tax, the R&D tax relief can either reduce your tax bill or give you tax credit in cash, depending on how you choose, both …