Tax Control

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

Ready to take it to the next level?

Contact us to see how we can help you.

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