Tax is one of the main advantages for a non-resident purchasing a buy-to-let over a resident. Taxes are lower for a non-resident, in most cases. A non-resident will pay tax at 20% on the first €44,000 of rental profit. Whereas a resident will pay tax of up to 52%, assuming their lower rate band is
This week, we will look at planning your business exit. We met Jimmy Fontaine yesterday. He has an IT sales and service company called Fontaines PC. Jimmy and his wife Jane have 3 kids, and none of them are showing any interest in the business. Jimmy is 57 now and would like to exit in
I will outline reasons why you would choose Comerford Foley as your Accountant. This highlights the type of service we offer. It also focuses on the qualities you would expect to find in a great accountant. The main reasons I will outline are Knowledge Service Trust Clarity Communication Crises Ethics Vital Knowledge Knowledge or what
Bookkeeping —Don’t Miss Out. But miss out on what? I would call them missed opportunities, both personal and business. I had an interesting call with Jon yesterday afternoon. He was recently let go from his IT job with a large company. He wasn’t a lover of the job and was planning a career change. Working
I will outline how poor tax compliance will cost you money. Plus, time. What you don’t know can create an issue when dealing with Revenue. The best way to let you know what I’m harping on about is to discuss a recent case. The figures involved are eye-watering. A taxpayer gets involved in a mess
Residential Premises Rental Income Relief [RPRIR] is a new tax relief for landlords. It is only available to individual landlords and isn’t available to companies, trusts, or partnerships. RPRIR is a relatively new relief, and it applies for the four tax years 2024 to 2027. 2025 is the first year to claim the relief for
I will give you ten tips when setting up a company in Ireland. The idea is to help you understand more about what you are getting into. I don’t mean this in a negative way. It’s more about what to look out for and to help you avoid things that can trip you up. The
The question can my company help me buy a home popped up recently. When you think of it your company pays for your home. Your net salary pays the monthly mortgage. But what about the initial purchase of your home? Yes, it can help with that too. I’ll introduce you to Alex Dublin and his
I’m going to tell you about the business journey of Jack and Diane. “A little ditty about Jack and Diane Two Irish kids growing up in this heartland” While this is a business journey it’s also a love story. Given the day that’s in it, love and business collide and thrive. Let’s delve deeper into
Let’s look under the bonnet of a Company Director’s Loans. I’ll introduce you to the stars of this courtroom drama. We discussed some of the issues that come up in this case in a blog from 2018. Can I borrow money from my Company is worth a read if you want to get more detail
