Ireland boasts a favourable tax rate of 12.50% for trading income. However there is also a 25% corporation tax rate which applies to passive income, such as in rental, investment income or foreign income from abroad. The possibility of having … Read More
Articles
Revenue Audit
WHAT IS A REVENUE TAX AUDIT? A Revenue Audit is a process whereby the figures reported in a company’s tax returns are analysed by Revenue. Generally, an audit will cover the most recent prior year returns of up to … Read More
Tags: Revenue audit, tax problems, Taxes
Taking Control Of Your Financial Future
Financial planning is the process during which you sit down with an Accountant and discuss how financially secure you would like to be in the future, and then devise a plan to help you get there. I see this as … Read More
Tags: accountant, financial plan
6 TOP TAX RELIEFS FOR BUSINESS OWNERS
6 TOP TAX RELIEFS FOR BUSINESS OWNERS Here are 6 Key tax reliefs available to Irish businesses to help them grow and develop. The reliefs provide business owners with very significant tax savings which is an incentive to grow and … Read More
Accounting Software & Data Analytics – why are they useful
Accounting Software & Data Analytics – why are they useful Data Analytics is mainly used for decision making in a business. Decisions can be based on gut feelings, past experience or a feeling, alternatively it can be based on facts, … Read More
Dealing with Financial Problems
The economic impact of Covid may worsen personal and business financial problems, caused by unemployment, pay cuts, business closure and illness. The aftermath of Covid effects disposal income, savings, retirement pensions, investment and debt. This can result in people worrying … Read More
Building a Business to Sell
Structure A – Common Business Structure Structure A – SALE offer A business owner receives an offer of €10,000,000 for his Irish Trading Company A. The business owner is an Irish Tax Resident Individual. He receives €10,000,000 in respect of … Read More
Avoiding Tax on Selling your Company
(Read in conjunction with our blog on ‘Building A Business To Sell’) Ireland’s Holding Company Regime – relief for the disposal of shares in a subsidiary This article discusses one of the key features of Ireland’s holding company regime, … Read More
Household Budget
INCOME Net Monthly Amount Net Monthly Amount € € Earner 1 Earner 2 Net self-employed income Employment income Children’s allowance Children’s Gift Funds Rental income Rental income … Read More