Enabling Employee Share Options and Investment Applications
Our client produces software for the healthcare industry. They were at the point in their lifecycle where they needed to continue to grow and ensure they retained the best people in order to do so successfully.
For their employees, they were keen to offer share options and were also working to secure funding for their next growth phase.
Initially, they had attempted to do this via an online platform, but uncertainty around compliance and concerns around investor tax relief prompted them to go a more hands-on route with us.
Ensuring full compliance and maximum tax efficiency
The best share option for our client is the Enterprise Management Incentive (EMI), the share-option scheme backed by HMRC. We assisted with EMI valuations and then completed both EIS and SEIS applications so that the company’s investors could claim the right amount of tax relief.
Corporate level tax is a highly complex field and one that we can help you navigate. From preparing company accounts to ensuring your business develops successfully, we can ensure you are taking full advantage of the HMRC-approved tax relief schemes designed to assist growing businesses.
Background
- Company type: Healthcare software
- Start-up: £5,000,000
Challenges
- Initial raise via online platform but tools limited.
- Uncertainty around compliance issues and ensuring tax relief was protected for investors.
Our input and the outcome
- Assisted in EMI Valuations
- Completed EIS and SEIS applications and issued resulting tax certificates.
More client success stories
Easing the pain of legal financial investigations
For this retail client despite their best intentions, a financial claim had been filed against their company. Fortunately, they came to us and we were able to help them get a positive outcome.
The stress-free way to make tax digital
This bio-analytics company was doing well, with 12 employees and a good turnover. However the pressure of moving to a fully digital accounting platform was causing uncertainty, here’s how we helped them.
Reconciling capital accounts to give a clear financial picture
For this magazine publisher a series of equity raises, and fluctuating valuations had led to a few inconsistencies in their accounts, here’s how we reconciled them.
Enabling employee share options and investment applications
Our client produces software for the healthcare industry. They were at the point in their lifecycle where they needed to continue to grow and ensure they retained the best people in order to do so successfully.
Xero Migration Support Leading to Clearer Financial Picture
For this client in the construction business, an unsatisfactory accounting infrastructure with loose financial controls led to inconsistent and unexpected VAT liabilities.
Ensuring IT business stays on track through leadership change
For this IT supply and support company with 5 employees, the sudden change in their leadership team meant an uncertain strategic direction. Fortunately, they came to us for strategic-level help.
Staying on Course After Sudden Exit of Key Stakeholder
When this successful digital agency, with a healthy turnover and 12 employees, suddenly lost their founding shareholder, it really hit home.
Creating new revenue streams to survive economic uncertainty
No-one in business is immune to the wider economic landscape. And for this manufacturing company, a sudden downturn in orders was due to something out of their control – Brexit.
Improving financial picture for next stage growth
On the face of it, this event company looked like it was pretty successful. Turnover was at a healthy £3 million and there were 200 employees on the books. This company had big plans, but there was a problem.
