In November, Dragon Argent spoke at
The Business Show London
at the Excel Centre in #London. We gave a talk focusing on the #tax incentives offered by #HMRC to qualifying businesses that can help fuel growth. We wanted to share the recording with as we covered.
Who is it for: Entrepreneurs, Founders, Owner Operators or Management Teams of startup to medium sized enterprises.
- We created a scenario to put the use of tax incentives into perspective, which was as follows:?Three co-founders setting up a new business to?develop a B2B technology enabled platform.?
- Around 6 months will be spent developing the MVP
- #Investment will then need to be raised to launch the product and become revenue generating.
- The technology sitting behind the platform is going to be innovative and not currently available?
- ?Subcontractors will initially be used before hiring full time employees
- Each #founder will invest ￡20,000 in savings to start the business off
- Some personal #funds will be used getting basic things like company laptops and software subscriptions?
- We are pre-incorporation, and we don’t have any legal agreements in place so far
- Below is an overview of the considerations which we reference in the presentation and how we planned to utilize these given the scenario above:Directors Loan Accounts?
- #SEIS & #EIS for Founders?
- R&D Tax Credits Eligibility and Criteria?
- Remote Workforce Employment Tax Risks
- Raising Investment: Angels, Family Offices and VCs?
- A Note on Corporate Documentation
- #EMI Options and Growth Shares?
- Tax Related Compliance Obligations: VAT, Corporation Tax and National Insurance?
- Founders’ Salary Basics
- Tax Efficient Exits: (SEIS), Business Asset Disposal Relief and Capital Gains Tax
We hope you find this presentation useful. If you would like to follow up on any of the themes addressed in this presentation, please schedule an advisory discovery call here, and we would be happy to discuss this with you in more detail.
