• Incentivising Employees

    Startups and more established SMEs have in recent years become ever more able to access a plethora of ways to incentivise key employees.

    This article sets out the main points both startups and SMEs should consider when deciding which type of scheme to set up.

  • Budget 2015 – SEIS/EIS Changes

    HM Government has announced a number of (mostly welcome) changes to the SEIS and EIS schemes. The changes should further encourage expansion of the schemes to the benefit of investors and founders alike.

    This briefing provides a summary of the main changes.

  • Seed Enterprise Investment Scheme

    SEIS is one of the most generous (and widely used) tax incentive schemes for investors in startups in the world. Every entrepreneur needs to know about it and (where possible) take advantage of it.

    This note explains the basics of SEIS.

  • EMI (Enterprise Management Incentive)

    Enterprise Management Incentive (“EMI”) options are tax efficient options for employees in smaller, high risk companies. The intention behind the EMI  legislation was to help companies recruit and retain the highest standard of individuals.

  • Budget 2014: SEIS & SITR

    This briefing sets out the changes relating to SEIS and the new SITR relief as announced by the Chancellor in the Budget 2014.

    The good news for startups is that SEIS and EIS have been retained and a new equivalent scheme for social enterprises has been created.

    Here is a summary of the main changes.

  • VAT treatment of online businesses

    The VAT treatment for online businesses is changing from 1 January 2015.  Services provided by a UK business via a website or app will be liable for VAT in the country where the service is purchased and not (as now) in the UK.

  • Distance Selling Regulations

    According to the Office for National Statistics, the average weekly amount spent online in May 2013 was £583million. With such a large amount of money being spent online, the law relating to goods sold on the internet has changed a lot in the last 15 years with the Distance Selling Regulations (DSRs) being one of the most important pieces of legislation.

  • Dealing with the death of a shareholder

    In a private limited company the death of a major shareholder can cause a number of issues.  This note sets out to avoid the most common issues whilst retaining the 100% relief from IHT that applies to shares in trading companies.

  • Legal Structures

    There are a variety of legal structures through which a business can be operated. This note looks at incorporated structures in the context of for-profit businesses.

    The briefing also details how to incorporate a company yourself without the need for a lawyer or accountant. 

  • Social Enterprise Structures

    A social enterprise is a business carried on for a social purpose. Social enterprises can be operated via a number of structures. This briefing discusses some of those structures including Community Interest Companies, Industrial & Providential Societies and Charities.