Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

According to Deloitte accountants, the continuing uncertainty of the economy will have a negative effect on traditional funding sources. Private investment has been suggested as an alternative for new small businesses and entrepreneurs. The Seed Enterprise Investment Scheme has been highlighted, following its announcement by the chancellor recently. SEIS will be introduced in April 2012, with a range of incentives to attract investors.

The scheme will be available in addition to the existing Enterprise Investment Scheme. Individuals will be able to invest up to £100,000 into the scheme, attracting 50 percent tax relief to entice business angels and private investors. Capital Gains tax relief will also provide incentive and could offer as much as 78 percent tax relief. The scheme was launched by the government to try and boost investment in business and provide external sources of funding. A tax partner from Deloitte, Stephen Hall said:

“Since the credit crunch we’ve seen more business angels coming forward and providing finance to companies who haven’t been able to get funding through traditional routes.”

He pointed out that a large number of successful entrepreneurs have taken risks to get where they are now and will happily take risks again when the right opportunity presents itself. Hall believes that raising the limit for investment into EIS to £10 million and the introduction of SEIS will make it easier for entrepreneurs to secure funding. The government have improved regulation for Venture Capital Trusts and EIS to make it easier for investors and businesses.

About The Author

Gary Fields

Content Writer working alongside our expert accountants to bring you the latest Tax and Accounting news.

More posts by this author
guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More

Succession Planning for Business Owners: What Comes Next?

When you own a business, it’s extremely normal to feel like you’re surviving one day to the next – ‘winging it’, as…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.