We’ll look at some examples of how tax efficiency saves money. Plus, introduce you to the main stars of this blog, the Toners. By claiming everything they can and making a few changes the Toners will save thousands in a tax year. It could be the difference between a holiday in Portugal or a day
Tag Archives: tax planning
26
Jan
Jan
To give this blog a more complete title we should call it, Gifting money to children – Don’t do this. We will look at a recent case on this. The beauty of the case is that it gives a good idea of the basics of CAT. Plus, a lesson in what not to do. CAT
Choosing an accountant, Separation & Divorce, Tax compliance, Tax Tips
Separation and Divorce a Taxing Issue
20
Jan
Jan
In this blog, we will see how Separation and Divorce is a taxing issue for many people. They only find this out after the fact. We have seen this to be problematic in a few cases where people came to us for help getting things right. It’s not an area you would expect a person
Company Director, Company Formation, Selling My Business, Tax Advice
Transferring your Business to a Company
02
Dec
Dec
We will look at the tax considerations of transferring your business to a company. The main points we will cover are Goodwill. Is there any? Sell your business for shares Sell your business for cash Potential Tax reliefs Other considerations Summary Goodwill. Is there any? Goodwill. You sell your business to a third party and
08
Jul
Jul
In the last month, I had 3 meetings where the inheritance of farmland was the main concern. The parcels of land were more than 80 acres in all cases. Assuming a value of between €10,000 and €15,000 an acre the figures are high. So, Agricultural relief is vital for you to check out. This week
Business Transfer, Choosing an accountant, Tax Advice, Tax Tips
Gifting Money to Children – Pay for the Wedding
03
Jun
Jun
Last week we spoke about Ludmila in our office and how she’s the lady to get your tax return right first time. This week we will look at gifting money to children. What to do and what not to do. The idea for this came from a client query whose son is getting married soon.
04
Dec
Dec
It’s difficult for me to say this but well done to Waterford last Saturday evening in Croke Park. It was one of those games where Kilkenny would have been happy at half-time. Waterford supporters would have had a sense of “oh no here we go again”. Waterford hurled in the second half like their lives
Tax planning for succession: what it means for your family businesses After a long career building up or running a family business, there will come a time when, as the owner, you want to consider retirement. This succession of the business to the next generation – or even the outright sale of the company –
