The Chiene + Tait Entrepreneurial Group brings together a team of experts from across the firm – tax, audit and business support. The group not only supports start-ups and business growth by delivering specialist advice on business planning and specific tax reliefs, but also provides advice to business angels who wish to invest in the next generation of businesses.
New businesses and aspiring entrepreneurs often need help to get their ideas off the ground. From developing and delivering business plans to negotiating a bank loan, pitching to investors or claiming business tax reliefs, there is a myriad of hoops that new business owners have to jump through.
The number of new business start-ups continues to grow across the UK.
- Since 2000, the number of businesses in the UK has increased each year, by around 3% on average.
- There are now over 4.9 million businesses in the UK.
- 4.7 million businesses are currently micro sized (employing 0-9 people).
Successive UK governments have attempted to inject an element of entrepreneurialism into the UK economy.
Neil Norman, Head of the Chiene + Tait Entrepreneurial Group explains:
“The Seed Enterprise Investment Scheme (SEIS) tax relief is the most generous tax break available to incentivise individuals to invest in small UK businesses. This new incentive is part of HM Treasury’s drive to assist small companies to grow by attracting equity investment. It assists the very smallest companies
(micro entities) in obtaining funding, which may not be available through traditional debt routes.”
Our team are specialists in structuring SEIS and EIS qualifying investments for start-up companies. We have been commissioned by LINC, the national association for business angels in Scotland, to assist its syndicate members with investment decisions. We will bring this wealth of experience to the table in assisting other syndicates and companies as they grow.
In this fast changing and adaptable business environment, our Entrepreneurial Group can make an essential difference to young start-ups and angel investors.