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 four years, but if discrepancies arise, the audit can review the records for six years,…
6 TOP TAX RELIEFS FOR BUSINESS OWNERS Here are 6 Key tax reliefs available to Irish businesses to help them grow and develop. Tax on selling your business can be significant. These reliefs provide business owners with very significant tax savings which is an incentive to grow and then possibly sell on the business at…
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…