The move from Sole Trader to Limited Company can be painful in the earlier years. Some business owners find it hard to see the value of the move. While the initial 12 to 18 months can be tough, we see huge advantages in making this move. Why? Well, we have been through this in our
Category Archives: Company Director
05
Jul
Jul
Revenue Risk Reviews. Oh no, I must be in trouble! A Revenue risk review letter hits the ROS inbox on a Friday morning. OMG, that’s the last thing I need, as I am heading off to the match in Galway for the weekend, thinks Mary Boone. But in the back of her mind, she knew
Business Transfer, Company Director, Redundancy Payments, Tax Advice
Be Careful with Redundancy Payments
14
Jun
Jun
Be careful with redundancy payments. Why? Read on and you’ll find out. Let’s look at some of the issues involved that include Background Taxes at play Tax-free redundancy payments Case for the taxpayer Revenue Query Appeal Commissioner Summary Background To provide some background I’ll introduce you to the main characters. There’s dapper Dan O’Neil and
Business Transfer, Company Director, Selling My Business, Tax Advice
Having Enough Income in Retirement
07
Jun
Jun
Having enough income in retirement is a question that we all think about as we get older. But how much is enough? It depends on your standard of living, but most people want to be comfortable. Comfortable, for me, means a decent car, going for a few meals out, and a foreign holiday. Being able
24
May
May
We are going to look at some Corporation Tax tips to help your company save taxes. Larry Barry owns 100% of an engineering company Barry Can’t Swim Ltd. It arrives at my desk to review the taxes. Larry is a good man to throw a few tax conundrums our way and he certainly didn’t disappoint
10
May
May
Miley Sirus didn’t keep proper books and records. Sure, he only had a modest income and couldn’t afford a professional bookkeeper. Is that last sentence a fact or is it fiction? Let’s explore what Revenue wanted, the money at play, and the result of the case. I will introduce you to Miley Sirus The Appeal
03
May
May
The Universal Social Charge [USC] came in after the financial crisis. It was to be a temporary tax and used to bolster the government finances. This was at a time of frequent visits by members of the IMF. But what was temporary has now become permanent. The USC is a tax, plain and simple. There
08
Mar
Mar
What is a Deed of Covenant? A client asked us that question during the week. It’s a question we have on our Income Tax checklist. We send a checklist to clients to fill in before we complete their Income Tax returns. It got me thinking about covenants and the tax benefits for the payer and
02
Feb
Feb
Keeping proper books & records is the law. It’s not something that is nice to do or something you’d like to do. It’s a must and is something that can give you very valuable commodities. Those commodities are money, time, and confidence. When I say it’s the law, there are plenty of pages and sections
19
Jan
Jan
The difference Xero makes to the lives of business owners can’t be overstated. The digital accounting software has been created specifically for entrepreneurs, designed to free up your time and give you a treasure trove of actionable insights. We’ve already looked at how cloud accounting will help your business, but let’s get more specific: here’s
