• EU Renews State Aid Approval For The EMI Scheme | Accounts Lab

    • 20th May 2018
    • Posted by: Edward Kirkby
    • Category: EMI Scheme
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    EMI-Scheme-EU-State-Aid

    EU Renews State Aid Approval For The Enterprise Management Incentive (EMI) Scheme The Enterprise Management Incentive Scheme (EMI), is a low-risk share option scheme designed for small companies to provide share options to key employee’s tax efficiently as a reward for their efforts within the business and  to retain and incentivise key members of staff.

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  • What is a Confirmation Statement? | Accounts Lab

    • 9th May 2018
    • Posted by: Edward Kirkby
    • Category: Company Secretarial
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    Confirmation-Statement

    On the 30th June 2016 private limited company Annual Returns were replaced by Confirmation Statements. The purpose of this was to change the process from re-filling a return to simply just ‘checking and confirming’ that the details held at Companies House are correct. A Confirmation Statement simply verifies that company data is accurate and up

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  • What is SEIS Advance Assurance? | Accounts Lab

    • 6th May 2018
    • Posted by: Edward Kirkby
    • Category: Seed Enterprise Investment Scheme (SEIS)
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    SEIS-Advance-Assurance

    What is SEIS Advance Assurance? We get asked about SEIS Advance Assurance a lot, so this blog hopefully answers some of your questions. The Seed Enterprise Investment Scheme (SEIS) is a government-backed scheme that is designed to help new businesses raise equity finance. Tax efficient benefits are offered to investors for investing in small and early-stage

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  • What is the PSC Register? Person of Significant Control | Accounts Lab

    • 5th May 2018
    • Posted by: Edward Kirkby
    • Category: Company Secretarial
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    PSC-Register

    A Person with Significant Control (PSC) is someone who controls or owns a company. To be a PSC you must meet one or more of the following conditions of control in relation to a company: Directly or indirectly holding more than 25% of the shares. Directly or indirectly holding more than 25% of the voting rights. Directly

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  • Coworking, Accelerators & Incubators in Manchester | Accounts Lab

    • 28th April 2018
    • Posted by: Edward Kirkby
    • Category: Manchester
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    manchester-coworking

    Bolton born writer, Mark Radcliffe, once said that Manchester is: “A city that thinks a table is for dancing on.” Truer words have never been said. And it’s that energy and passion for life that makes Manchester a friend to new businesses. The city’s value for startups can be discovered inside its exceptional coworking spaces,

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  • EIS Changes – Knowledge Intensive Companies | Accounts Lab

    • 28th April 2018
    • Posted by: Edward Kirkby
    • Category: Enterprise Investment Scheme
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    knowledge-intensive-companies

    HMRC announced a number of changes to EIS, SEIS and other Venture Capital Trust (VCT) schemes which include preferential terms for companies that meet the conditions for a knowledge-intensive company. For knowledge intensive companies, the following changes have been made: The number of full time equivalent employees must now be less than 500 instead of 250.

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  • Coworking, Accelerators & Incubators in Leeds | Accounts Lab

    • 19th April 2018
    • Posted by: Edward Kirkby
    • Category: Leeds
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    Leeds Coworking Spaces

    Are you a startup founder in Leeds itching to work away from home? Or perhaps you want to scale-up your business but planning a roadmap for success is tough on your own. Here’s a happy tune: Leeds is abundant with incubators, accelerators and coworking spaces that are doorways to vibrant communities, expert mentoring and a

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  • Coworking, Accelerators & Incubators in London | Accounts Lab

    • 11th April 2018
    • Posted by: Edward Kirkby
    • Category: London
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    London Coworking Spaces

    London is an epicenter for startups; a colossal market for niche industries mean greater opportunities for business, investment and growth. But growing a business in a city where the streets are as congested as the competition? It’s a tough climate to find your feet. Fortunately, London offers incredible incubators, accelerators, and coworking spaces that provide

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  • What are R&D Tax Credits?

    • 10th April 2018
    • Posted by: Edward Kirkby
    • Category: Research & Development Tax Credits
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    What are R&D Tax Credits

    Research and Development (R&D) Tax Credits are a government tax relief with the aim of encouraging companies to invest in Research and Development. If your company is spending money on developing new products, processes or services; or changing or modifying an existing one, they may qualify for R&D Tax Relief. The work must be part

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  • SEIS – What happens if a company fails?

    • 6th April 2018
    • Posted by: Edward Kirkby
    • Category: Seed Enterprise Investment Scheme (SEIS)
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    SEIS Company Fails

    The Seed Enterprise Investment Scheme (SEIS) was introduced by HMRC in 2012 to help new businesses to raise equity finance through investors by offering a series of tax reliefs on their investment. Relief on up to £100,000 invested in the scheme can be claimed per year by investors and income tax relief of up to

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