Tax rules weren’t built for small business

Larger companies often have teams to help them navigate the system. Smaller ones usually don’t but they do have options.

Here are a few worth discussing with your accountant:

• Work together. Some government schemes look at business size. By applying jointly, smaller businesses might be able to unlock opportunities that aren’t available alone.
• Look into approved investment schemes like SEIS and EIS come with rules and possible benefits. They’re not for everyone, but they’re good to know about.
• Even if you rent your workspace, you might still qualify for Business Rates Relief but many businesses miss it. Local councils offer different types of support, including discounts of up to 100%, depending on your size and sector. You can check and apply via: https://www.gov.uk/apply-for-business-rate-relief/

At Ampere, we don’t offer tax or legal advice but we do work with thousands of UK businesses and we’ve seen that the ones who ask the right questions early tend to stay ahead.