Articles

Create a Back-Up Plan In the event of a loss in income, figure out for how long you can subsidise this amount using existing savings, assets or new earned income. Brainstorm ideas on your available options and consider other ways … Read More

  Government  Financial Assistance – Grants, Loans and Funds COVID-19 Government funds Online Trading Vouchers of €2,500, costing you €250 – net gain to you of €2,250 (previously cost you €2,500, 100%) Small Business loans of €50,000 at 4.5% interest … Read More

Entrepreneur relief from Capital Gains Tax (“CGT”) was introduced to reduce the rate of CGT to 10% applicable to sales of business assets or shares held in a company by entrepreneurs. The relief is an incentive to encourage and reward … Read More

Corporation Tax in Ireland Ireland’s 12.5% corporate tax rate on trading income is one of the lowest ‘onshore’ rates in the world. ‘Trading profits’ include a broad range of commercial activities including Intellectual Property (IP) and Supply Chain Management. The … Read More

Long hours spent slaving away when nobody’s watching, is often what’s required to make a business successful. If you’ve taken all the risks and invested all your time, you deserve to get the rewards. Sadly it doesn’t always work out … Read More

Am I obliged to keep records for tax purposes? YES. You must keep full and accurate records of your business from the start. You need to do this whether you send in a simple summary of your profit/loss, prepare the … Read More

If you have significant business in the UK you may need to have a trading presence in the UK. The structure can be a separate legal entity or a UK branch of the Irish office. It is likely that any … Read More

If you are a sole trader or partnership you may be thinking about setting up a company for your business.  Incorporating a company for your business has its benefits and it is not expensive to form a company, however there … Read More