Author Archives: Colin Comerford

Tax Meetings with Company Directors

Time of the year. More tax meetings with Company Directors than normal. Some are with clients and others are one-off consultations. A wide range of topics discussed. From electric cars to Income Protection, a lot of issues looked at. The question is always, what should I do? Let’s look at some of these to include

Normal Place of Work – Expenses

Arm wrestle for money

Be aware of your normal place of work when claiming expenses. Are you entitled to claim them and what are the things to watch out for? We’ll take a look at a case that came before the Tax Appeals Commission last year. Let’s find out more about The Stars The issues Case for Jerry Case

Tax Tips for Farmers

Farm animals

Let’s explore some Tax Tips for Farmers. Podge is a good friend of mine and a client too. Back in my hurling days, I used to mark him in training and he in turn marked me too. Still have the scars on my back. War wounds he calls them. Young Podge is in employment and

Non-Resident Landlords – Beds are Burning

Burning money

Non-resident landlords – Beds are Burning. There’s a new tax system in town and it’s gunning for you. It will take money from you and give it to Revenue. And it will be up to you to get it back. The lyrics of the Midnight Oil song Beds are Burning are washing around in my

Management Buy Out – Success Story

When you sell your business is a Management Buy Out an option? We look back at an MBO success story that we were privileged to be involved in. Ben and Jenny Fox own Fancy Goods Ltd which sells luxury products to wealthy individuals. They have a shop and a growing online presence. Vera and Katie

Your Accountant – A Bean Counter!

Bean counter

My friend John calls me a bean counter, knowing that I am part of an accountancy and tax business. The bean counter reference is an accusation. A not-so-subtle dig at the accountancy profession. He doesn’t hold accountants in high esteem and is brutally honest about it. I came across the Bean Counter Cafe on my

Tips to Save Corporation Tax

Save Money

Company Directors. Listen up. Tips to save Corporation Tax will be important to you in the coming months. The Corporation Tax [CT] deadline for companies with a 31 December 2022 year end is the 23rd of September. That is the last day to file your CT return and pay the balance owing for 2022. Let’s

Decision Time for Company Directors – Bonus

Decision Time

It’s decision time for many company directors across the country. Should I take a bonus? We will look at a few examples of what I am talking about. One of which is how your business can help with personal wealth. The focus will be on Bar Coad Ltd and the options for Tommy. Talking points

Holding Company Structure

We will look at a holding company structure and see how this works. You’ll get to know the O’Driscolls and their reasons for setting up a holding company. The main points that we will look at are Introduction How it works Advantages Disadvantages Summary Introduction Ron and Conor O’Driscoll [Rod & Cod] are brothers, in

Starting a New Business

Shop open

I had a meeting this week with Bridget Higgins who is starting a new business. Already working, this is a new gig for her, and she wants to get things right from the start. It got me thinking that we didn’t write anything about this before. Plus, it could help to point you in the