ENTREPRENEURIAL RELIEF

• 3 years a Shareholder
• Potential Payday at disposa
• Potential 40% income tax relief
• €1,000,000 @ 10%

E.I.I.S Relief

• Potential 40% income tax relief

INCOME TAX

Income tax is taxes paid upon earnings. Incorporating and becoming a Limited Company is the most tax efficient method for Business Owners. There are many tax advantages to being incorporated and you should seek advice on this from your accountant and / or Tax specialist as soon as possible.

SOLE TRADERS PROS & CONS:

• Simpler filing of tax returns
• Personally liable for debt
• Easy to setup & shutdown
• Reduced tax benefits

LIMITED COMPANY PROS & CONS:

• Not personally liable for debt
• Subject to annual audits
• Tax relief & benefits
• More detailed setup process

Retirement Relief

• 55 years old to 65
• 10 year Shareholder
• 5 Year Director (Active)
• Potential Extraction of €750,000 per Director
• After age 66, the Relief is diluted to a maximum €500,000

PENSION RELIEF:

• The amount of tax relief you can get on your own contributions to a pension depends on your salary, age, service and term to retirement.

CORPORATION TAX

Corporation Tax (paid at 12.5% or 25%) is charged on an Irish Companies profits (once incorporated in Ireland).

The Tax Advantages of Selling Your Business

• Many tax advantages of selling your business – The Aftermath / Earnout
• Performance based deferred consideration
• Warranties
• Non-Complete Clauses
• Lifestyle
• Retention Contract
• Employee Status