EIS AND SEIS SERVICES Glasgow, London
Ensuring Scheme Compliance in Businesses and Tax Breaks for Investors
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Thank you very much for your professional accounting service! Special thanks to Jc and Asif, very kind, understandable and patient! They did my Self Assessment and CGT. Don’t hesitate to use Legend Financial accounting services, you wouldn’t regret it!
I am using their services from the last few years for my business accounts and i found them very professional. Great one-to-one care with no hidden/additional charges and prompt responses from the team whenever I have a question......I would definitely recommend Legend Financial to my all friends as they are simply brilliant.
I've had a query regarding my taxation. I queried in the Morning and within an hour received communication from Asif (Client Manager). I am very pleased with the response time and the advice I receive for my tax matters. I have been a client for 10 years and have always received an excellent service.
Amazing, reliable and very fast service. Legend financial reach out to you once a return is due and sorts out everything in a very fast manner. Their dedicated team members are always reachable on whatsapp and answer all queries right away. I would like to thank Beenish, Musa and other team members for their dedication. Highly recommend!!!
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FAQs for EIS and SEIS Services
Whilst HMRC guidelines prohibit raising SEIS and EIS on the same day, many companies opt to pursue both funding options simultaneously by issuing SEIS shares first, followed by EIS shares at least a day later to ensure compliance.
To benefit from SEIS tax relief, they should not be employees or hold a substantial stake (over 30%) in the company, and there is an annual investment cap of £200,000 per investor for SEIS-eligible companies.
Most types of businesses are eligible for SEIS and EIS funding, with exceptions including those heavily involved in excluded activities like land or commodity trading, banking, insurance, or moneylending.
Yes, SEIS is considered a de minimis State aid among various venture capital trust schemes. However, it is important to note that EIS and VCTs are approved State aids, and SITR combines both notified State aid and de minimis State aid elements, depending on the investment circumstances.
SEIS is tailored for early-stage startups, while EIS is designed for scaleups. Both SEIS and EIS offer tax benefits that make investing in startups and scaleups more attractive for investors, providing them with tax breaks on their investments in your business.
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