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An interview with Jon Cooper regarding tax relief on investments (EIS).
Here at CooperFaure we’re always trying to think of exciting new ways of how to engage with our clients. That’s why we’ve launched a video series called ‘Making Accounting Simple’ which aims to cut through the complexity of accounting, including this very important topic – Tax relief on investments.
This episode we sat down with our director, Jon Cooper and talked through the ins and outs of the EIS from a company’s and investor’s point of view (Tax relief on investments).
The Enterprise Investment Scheme (EIS) has been made available by the government to help small to medium sized companies grow by acquiring investments. It is one of four schemes available and it provides Tax relief on investments for investors who purchase shares. Therefore, it acts as an incentive for individuals to invest into small to medium sized companies and in turn assisting the government’s goal of growth. It is a win-win situation for both parties.
We at CooperFaure believe that EIS is a great scheme for most companies to attract investors in order to grow their company. We have assisted numerous clients with the EIS process and have found that as long as all the information is correctly provided to SCEC and all conditions are met there is no reason for the company not to be eligible for EIS.
We at CooperFaure can assist in compiling all of the following which is required for an Advanced Assurance Application:
Copy of latest Company Annual Accounts and for any subsidiary of the company
Business Plan & Forecasts
Future Trading Activities
A comprehensive list of tax-advantaged investments already received
Full details of the amount the company is looking to raise
Memorandum and Articles of Association
Register of Members
Full information of any subscription agreements
Confirmation that the company is expecting to be able to successfully complete the application form showing that they are a qualifying company
If you would like to arrange an initial consultation that is free and without obligation to discuss your circumstances, please email us at welcome@cooperfaure.co.uk.