Trustworthiness
We’re 100% committed to you and your business and building a long-term relationship based on mutual trust and support.
So you’ve just launched your business. You’re busy working on your product or service, expanding your clientele, and refining your value proposition.
You now need investors to buy into your vision. That’s where Seed Enterprise Investment Scheme (SEIS) enters the picture. Given how “young” you are in the game, it’s possible investors may see you as a high-risk investment.
However, with SEIS tax relief benefits, they could be ready to invest in you, enabling you to raise up to £150,000 in total under the scheme.
To be eligible for SEIS, you should have been trading for less than two years, employ less than 25 people, and have fewer than £200,000 in gross assets.
And if you’re a medium-sized startup with under 250 employees and under £15 million in gross assets planning to raise a funding round, you could opt for the Enterprise Investment Scheme (EIS) scheme and raise up to £12 million.
You can enjoy tax savings of up to 50% for SEIS and up to 30% for EIS investment and get potential exemptions from the Capital Gains Tax and inheritance tax.
Then there is the Venture Capital Trusts (VCT) scheme that enables you to raise up to £5m per year and a total of £12m, giving you up to 30% tax benefit.
This one’s perfect if you’re a high-risk company. The advantage of a VCT scheme is that the investor can't touch the entire amount invested for five years. The maximum amount qualifying for VCT relief is £200,000 each tax year. So, which one is it going to be?
Either option offers an excellent opportunity for you to get the funding you need to grow. Take help from Birdfynn Accountants!
Scope of our SEIS, EIS, and VCT scheme advisory
Finding the right funding for your business will never be easy, but it’s important. That’s why we take this responsibility so seriously. Here’s what the scope of our SEIS, EIS, and VCT tax relief support service includes:
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Deal with any HMRC queries
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Issue tax relief certificates to the investors
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Advise you when there’s a change in the share structure
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Check if you fulfil HMRC’s SEIS/EIS/VCT eligibility criteria
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Support in preparation of the investor’s deck or business plan
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Help with applying for Advance Assurance before approaching investors
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Deal with preparing and submitting the compliance statement with HMRC
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Review your business and its circumstances to assess which scheme would be suitable
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Assist you in communicating tax relief and benefits of the scheme with any potential investors unaware of your business
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Deal with the issue of shares to investors and update details with the Companies House
Who we help
Although we serve anyone who needs our help in accounting,
tax advisory,
financial support, and startup planning, we primarily cater to the following:
Why choose
Birdfynn Accountants
Our level of service is unparalleled in the industry. There are five reasons for that:
Proactiveness
We go the extra mile to develop solutions (no one’s ever thought of) that help you save more tax or make more profit in the long run.
Commitment
Our people-first environment fosters loyalty and job satisfaction from a team committed to fulfilling your needs and minimising hassle.
Out-of-the-box thinking
We approach accounting in a fresh and down-to-earth way. We pride ourselves on creative problem-solving skills and a transparent way of working.
Personalization
You’ll always have access to various services designed to enhance your financial operations and/or improve your business or personal wealth.
Proof from long-standing clients who appreciate our professional yet personal approach
With Birdfynn, I feel like I have a strong financial extension for my company. Over the years, Pratik and his team have always been professional and always presented creative solutions to the challenges that come with scaling and growing our company. I can take better care of my business when they're taking care of my accounts.
Yaya Gadon,
Yaya Creative
Pratik and his team helped us from company setup, to accounts preparation, tax returns, as well as R&D tax grants. Pratik is often the first professional we turn to when we are looking at something new. We value their support as strategic advisers and accountants, and we really appreciate the personal service we get from Pratik and the team. A large part of any working relationship comes down to personalities and we've always found them friendly and approachable and we trust them to do the best for our business.
Ghada Abdelshafei,
Back and Front Smart Systems
My company has been a happy client of Pratik for years buying various accountancy, payroll and investment finance related services. Having a ‘one-stop-shop’ with personal service is a luxury for our kind of small, but ambitious start-up. We truly recommend Birdfynn services!
Tiia Sammallahti,
Doobook
Pratik and his team is always happy to go the extra mile for his client. Great knowledge and experience dealing with various accountancy and tax queries. We have been using Pratik for the last few years and will be happy to continue using his services in the future.
Vilma Arlauskaite,
Futureview Properties
Pratik has been an immense support for us since we launched back in 2017. He is trustworthy, sincere, and really knows how to look after his clients. He’s been instrumental in helping us get our accounts in order since we started. His team has helped us with our R&D tax relief, VAT, payroll, and ad-hoc requests that have come in during the years. His friendly approach and calm composed nature is super-helpful in calming any founder or CEOs worries when it comes to accounting. I highly recommend Pratik and his team.
Asim Amin,
Plum Health
We have been using Birdfynn for all our accounting over the past few years, the team is incredibly efficient and responsive which really helps make managing our accounts a lot easier. I would highly recommend Birdfynn to anyone wanting to save time and streamline their accounting!
Oliver Simons,
Eko Films
Frequently Asked Questions (FAQs)
The Seed Enterprise Investment Scheme or SEIS offers startups that have been trading for not more than two years,
employ less than 25 people, and have fewer than £200,000 in gross assets a chance to raise funds as high as £150,000.
The scheme was launched with an aim to boost the UK's economic growth by promoting new enterprise and entrepreneurship.
Learn more about how a UK Startup can benefit from SEIS/EIS
The VCT scheme has been created to encourage individuals to invest in small, high risk trading companies.
It’s a lesser known version of EIS and its benefit is that the entire amount invested can't be touched by
the investor for five years. The maximum amount qualifying for VCT relief is £200,000 in each tax year.
Get timely SEIS, EIS, and VCT tax relief support
Let's explore how working with Birdfynn Accountants can be a big win for your business. We’d love to learn more about what you want to accomplish—and why—with the funding.
