Selling shares back to your company, also known as a share buyback, is a strategic move that can offer numerous benefits to both the shareholder and the company. However, it also involves navigating complex tax regulations and legal requirements. Here is an overview of the process, the benefits, and the tax implications of selling…
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 the profits of an Irish company taxed at the trading rate of 12.5% is based…
If you are a sole trader or partnership you may be thinking about setting up a company for your business. Incorporating a company for your business has its benefits and it is not expensive to form a company, however there are many other issues to take into consideration when deciding whether to incorporate. Advantages of…
Preparation is key to collating accounts and filing your tax returns quickly. Bank statements, invoices and expense receipts should be recorded during the year, these records will form the basis of your accounts and tax returns at year end. It is important to understand the tax and accounting rules, and your entitlements when preparing accounts…
