Is the Land Rover Discovery a car or van for BIK? This is relevant to other similar types vehicles taxed as “commercial” for Vat and VRT. You will get to meet Tom Dunne and Bill Flynn, directors of Bigbiceps Ltd [BBL], a supplement supplier. The main areas of focus are Car or Van – what’s
We will take a closer look at Retirement Relief and give you 5 Tips that can help you plan. “When I get older losing my hair Many years from now Will you still be sending me a Valentine Birthday greetings bottle of wine If I’d been out till quarter to three Would you lock the
We will discuss a recent case that involved Retirement Relief and farming. This case is not only relevant to farmers but to business owners too. It came up on my news feed last night and piqued my interest. How much tax was in play? What were the circumstances and who won? I got stuck into
Happy New Year to all our readers. We will look at the reasons why you should outsource your bookkeeping. The plan is to compare what your bookkeeping looks like now to what it could look like. Some people are not into the numbers. Our client once told us that he’d rather pick potatoes for a
Cash in Your Company – What to do with it? Have you cash in your company? Do you know what to do with it? What do the directors do with it and how do they make it work for them? The main points we will focus on are Salary/Dividends Benefits Pension Invest Cash extraction
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
Creating a valuable business to sell or pass on to the next generation. This was the theme for an early morning event with Waterford Chamber and PWC. Numbers were low and given the weather, it was a wonder anyone was there at all. Those of us who were got great benefit from the presentation by
Debt Warehousing Payment Plan We will look at a debt warehousing payment plan. As a quick recap, Debt warehousing came into play to enable a business to warehouse its tax debts. Revenue love their acronyms and would call this the DWPP. Sounds like a political party! For most businesses period 2 ends on the 31st
Our focus is to give you ten last-minute tax tips that could save you some money before the Income-tax deadline. The idea for this came from a tax meeting I had with a friend, Dash O’Donnell, who has a local business. Dash has a very good accountant but only found out about her large tax
We are filing our client’s tax returns for 2021 so we are busy saving clients money. These are not the typical tax saving tips you will hear about. Let’s call them alternative tax tips. Our advice is “don’t do your own tax return” and this is best summed up by a quote from Albert Einstein.
