Should you buy a property in your company? This is a question we get asked many times. My answer in most cases is NO. This week we will look at the reasons why it is not a good idea. We will look at the main tax implications of buying property in your company. The focus
Author Archives: Comerford Foley
25
Jun
Jun
As most people are now aware the Temporary Wage Subsidy Scheme (TWSS) has been extended by the Government. Revenue have issued some updated guidance to give some clarity on this and how the extension will work. Some of the key points to note: The TWSS has been extended to 31 August 2020 The eligibility criteria
19
Jun
Jun
Last week we looked at two options when taking money from your company. This was either salary or dividends and we looked at the tax consequences of both options. If you want to get the basics from last week’s blog Read here When deciding to take salaries or dividends your circumstances may not be straightforward:
12
Jun
Jun
This is a question that we are often asked. This week we will return to our “You ask We answer” series of blogs. Last week we looked at how Comerford Foley could help you set-up a company. We also explored how using our services could help you. To find out more Read here This is
05
Jun
Jun
We have been running a series of blogs about trading through a company structure. We have outlined some business problems and solutions to those problems. The main solution is the flexibility that a company structure can bring to your business. Read here Last week we looked at the tax pressure of being self-employed. We highlighted
29
May
May
In the last few weeks, we spoke about the problems you may be having in your business. The problems ranged from paying too much tax to not being in control of your numbers Read here Last week we looked at some solutions to those problems. We looked at how a company could be the answer to
22
May
May
We are very aware that the biggest cause for concern for business, at the moment, is the Covid-19 crisis. There are a lot of difficulties in certain industries such as the hospitality sector. There has been some good news from the government, with a focus on industry-specific supports. They will introduce these in the coming
13
May
May
Many business owners make the annual trip to their accountant with a sense of fear. You don’t know what tax bill you will face and are uncertain if you will have enough funds to pay it. Your accountant will hand you their bill at the same time. Often you don’t get your accounts and taxes
01
May
May
Next week sees a number of changes to the Temporary Wage Subsidy Scheme (TWSS) come into effect. I attach the latest Revenue FAQ’s and Guidance for reference. The scheme is moving to what is referred to as the operational phase. Revenue will be using actual calculations from now on based on the information that they
29
Apr
Apr
We would always encourage our clients to have their numbers up to date. If you don’t know your numbers then you are not in control of one of the most important parts of your business. After all your business is about the numbers, the margins, profitability, gross profit, net profit and cost of sales. If
