Young accountancy firm Accounts and Legal experiencing rapid growth. Building on their success as finalists in the British Accountancy Awards, a reputation for approachability and innovative products has their phones ringing off the hook.

Limited companies and most unincorporated associations such as sports clubs and cooperatives have to pay corporation tax.

The number of start-ups asking for permission to raise funds through a tax-efficient private investment scheme increased by more than 1,200 in the 2013/14 financial year, research by Radius Equity has found.