This week, we will look at planning your business exit. We met Jimmy Fontaine yesterday. He has an IT sales and service company called Fontaines PC. Jimmy and his wife Jane have 3 kids, and none of them are showing any interest in the business. Jimmy is 57 now and would like to exit in
I want to show you how investing in the numbers can add value to your business. That can make you richer and make everyone happier. Including Revenue. What sparked this idea was a call from my friend Johnny this morning at 8.20. “Well Johnny, what’s up”? “I’ve to tax the van and I need to
This week we’ll have a look at business exit planning. What are the things you should be discussing with your advisor? And what would you like to achieve? The main talking points will be Meet Maeve O’Leary How do I value my business Tax efficiency Future options Maeve O’Leary Maeve O’Leary, or Mol to her
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
When selling your business, you want to maximise the value and pay the least amount of tax. But know you have covered all the bases. We will look at an asset sale and a share sale. Plus give you some Tax Tips that can help get things straight in your head. The focus will be
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
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
It is a normal question for the exiting shareholder to ask. In the call I had, it was different. It was more to do with the strategy of the business owner and what approach to take. We will look at options to exit your company: The stars The question One solution Another route Tony at
Two weeks ago, we looked at a Tax Strategy for a growing business. In case you missed it see here This week we are looking at a Tax strategy for the Directors who want to exit their business. The main points are Exit Plan Meet Reg Look at gifting shares to Megan Paulaid Ltd buying
