Tag Archives: Company director

Tax implications of a company loan – Bill & Ted’s Bogus Journey

Tax implications of a company loan

This week we are going to look at the tax implications of taking a loan from your company. We will look at Setting the scene Company Tax Benefit in Kind [BIK] Loans not caught Can Teddy do better? Summary Setting the scene? Teddy Moore set up a new company in February of 2020 called Getmoore

Setting Up A Business – Company or Sole Trader?

Good morning all, and dare I say it, but the day is looking positive. Not exactly fry an egg on a stone but there’s some heat in it! It’s fantastic to see a bit of positivity about the place. The vaccines are getting out there and people are very excited to get them. My sister,

Company Director Tax Returns – Danger!

Hello from Sunny Tramore. It’s only delightful to see the sun shining through the window when I extract myself from the bed. The small slivers of bright sunshine make that difficult task a bit easier. After a bowl of Flahavan’s finest, it’s on to the laptop for my Friday morning routine of writing this blog.

Options To Exit My Business – Part 1

It’s a nice calm day in Tramore. Although there is a lonely wave or two creeping over the prom wall. Waiting to engulf an unsuspecting passerby. The Metalman is visible and surveying the bay for early morning swimmers. All that is missing is a whistle and a warning light to assume the role of an

Business Owners – Tax Tips for 2021

We are almost there where we can say goodbye to one of the worst months ever. Adios January we won’t miss you. Apart from the extension to level 5 until March let’s hope that February will be a better month. We need to get the small ones back to school and if we can continue

Company Directors – What salary do I need?

We are dragging ourselves through January which was best described by a friend as a very bland month. We will persevere and hope is on the horizon. Great to see numbers dropping in a small way. It’s fantastic to see healthcare workers and people in nursing homes getting vaccinated. It would be a major plus

Tax Saving Tips – Part 2

Hard luck to Waterford last weekend. What can you say? They came up against a team that was on fire on the day. Limerick were like a human wrecking ball that smashed everything before them. Their whole team was excellent and had 3 or 4 wonder performances on top of that. Huge credit to Waterford

The modern accountant vs. the traditional accountant

It’s a battle for the ages. Like Ali v Frazier, or Federer v Nadal. Just less sweaty. The modern accountant vs. the traditional accountant. Who wins? Here we make a case for the former. Ding, ding. Round one. The traditional accountant is someone very much set in their ways. They’re not quite blowing the dust