Starting your business

We can help you set a strategy for success giving your business a competitive advantage.

For your new business to be successful you need to have a clear competitive advantage for your products or services. We can work with you setting up a strategy for success and working out your competitive advantage, supporting you to choose the right structure additionally advising on initial financial and the tax reliefs available.

Business considerations

 

How we can help

Making sure the business is structured in the most appropriate way to support your future plans and growth. From incorporation of the business through to capital structure and maximising the availability of grant funding and other allowances – our experts will support you at a time it is important you make informed decisions.

 
  • Business structure advice (sole trader/partnership/ corporate).
  • Incorporation advice.
  • Maximising allowances, credits, grants and exemptions.

 

Owner and employee considerations

How we can help

Recruiting and retaining top talent is key to the success of your business. We can advise on appropriate and tax efficient incentivisation schemes with a view to ensuring shareholder value is protected as the business grows.

 
  • Employee attraction and incentivisation.
  • Profit extraction and remuneration planning.
  • Share schemes including restricted shares and Enterprise Management Incentive (EMI) scheme.
  • Keyman/shareholder protection.

Risk and compliance

How we can help

With a new business comes a raft of regulation. Registration for VAT, PAYE, pension schemes to name a few. Failure to get it right early on can cause unnecessary administrative complications.  We are here to support and ensure.

 
  • Tax administration: VAT, corporate tax, personal tax, PAYE and other registrations.
  • Initial investment reliefs including Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs).


People in discussion

Case study

Helping a nascent business with research and development cash tax benefits

For many start-up businesses the early years are spent developing their product base and establishing their brand. This can be costly and tends to come at a time which is either pre-revenue or when sales are modest and income minimal. So for many early stage businesses having adequate funding is critical to the business’ ultimate success. Whilst there are many sources of funding available to businesses, for those that are innovative research and development (R&D) cash tax benefits can be available.

The Company was a start-up business seeking to access the global taxi market by manufacturing and selling roof mounted pods superior to those already on the market. 

What help did they require?

They sought to achieve this by developing a digital media pod that could provide remotely updated, location specific, digital advertising display messages. However, this required a significant investment in technology, and with limited funding available the company, they needed to access alternative sources of funding.

 

How did we help them?

We identified a number of different aspects of the development on which R&D cash tax benefits could be claimed and helped them prepare their R&D claim.

What did this mean for the client?

The R&D claim resulted in the company receiving £85,000 of R&D cash tax credits from HMRC.