The Enterprise Investment Scheme (EIS) offer significant tax reliefs to individual investors buying new shares in the company. Availability of relief under the EIS took centre stage in a tax tribunal case brought by Inferno Films Ltd. Spoiler alert: Inferno won.
When it comes to raising finance from traditional lenders on the high street, many small businesses can hit a dead end. A new government initiative designed to address this problem – the Bank Referral Scheme – has made a promising start.
Not all that long ago, businesses would have to approach to their bank for a loan or overdraft when they needed funding to grow or a boost of capital to keep the cash flowing. Now they have a number of viable alternatives to the traditional lenders, one of which is Peer to Peer lending – or P2P for short.