The Seed Enterprise Investment Scheme (SEIS) helps new businesses, who have not previously traded, to attract investors, in an attempt to encourage growth.
It allows a maximum investment of £150,000 and if it is structured and implemented correctly, can enable the investor to recover MORE than the original investment in tax rebates.
The key here is that the business cannot have traded, so it is essential that the SEIS scheme be carefully considered before trading starts, otherwise any potential savings are lost.
Once agreed and in place, 100% of the investment must be used within twelve months.
As with an EIS scheme, we can handle all of the processes around the SEIS scheme, including the preapproval process and applications:
- Confirm the suitability of the business for the scheme.
- Identify or confirm the available tax savings for potential investors, often positively influencing their decision to invest.
- Completion of the necessary applications and following them through to approval.
- Issuing the final certificates to investors to enable their claim to the tax relief.
If you are a new business, contact us before you start trading; we’d love to help you get an SEIS scheme in place to help your business get off to a flying start!