Business

How to Set up a Limited Company

How to Set up a Limited Company

What is a Limited Company? A Limited Company (LTD) is sometimes called 'A Private Company Limited by Shares'. It is the most common type of structure in Ireland. A Limited Company has limited liability and shares capital....

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Budget Highlights 2020

Budget Highlights 2020

A synopsis of Business Tax, Property, Personal Tax, Tax Credits and Income Tax Rates, along with other notable announcements.

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The Benefits of Franchising in Ireland

The Benefits of Franchising in Ireland

Did you know over 150 different franchise models are currently operating in Ireland? Have you ever thought of buying a franchise? When most people think of a franchise, they first think of food related businesses. Surprisingly only 41% of active franchise systems...

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Incorporating a Private Company in Ireland

Incorporating a Private Company in Ireland

There are many advantages to doing business in Ireland, including an attractive and stable corporate tax regime and skilled workforce. The most common method for carrying on business in Ireland is through the incorporation of a company. In order to do this, you must...

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Transfer of Business Relief

Transfer of Business Relief

Transfer of Business Relief (TOB) provisions are aimed at reducing compliance costs for traders. The intention of the relief is to remove from the transferee the requirement to pay VAT on the acquisition of assets to which the relief applies, where he/she would have...

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Loans to Builders

Loans to Builders

HBFI (Home Building Finance Ireland) is a private company formed under the Companies Act 2014 and the Home Building Finance Ireland Act 2018. HBFI is wholly owned by the Minister for Finance and has been established for the purpose of funding the construction of new...

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Benefit in Kind – Vouchers & Subscriptions

Benefit in Kind – Vouchers & Subscriptions

All Benefits in Kind (“BIK”) are subject to PAYE, PRSI and USC, and taxed as notional pay. They are taxable when the benefit is provided or when the payment is made. Where the benefit provided to the employee does not exceed €500 in value, there is no BIK, the amount...

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Benefit in Kind – Vehicles

Benefit in Kind – Vehicles

All Benefits in Kind (“BIK”) are subject to PAYE, PRSI and USC, and taxed as notional pay. They are taxable when the benefit is provided or when the payment is made. Where the benefit provided to the employee does not exceed €500 in value, there is no BIK, the amount...

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The Finance Bill 2018

The Finance Bill 2018

At time of writing (mid-November),Minister Donohoe has delivered his second Budget speech and the 2018 Finance Bill has just passed Committee Stage. A very brief outline of changes to date (under summary headings) is: PERSONAL/EMPLOYEE TAXES An increase of €750 in the...

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False Self Employment

False Self Employment

In recent times, the Government has taken steps to intensify its efforts to combat “false self-employment”. False self-employment is an employment relationship where it appears as if a person is self-employed but in reality they are actually a direct employee of a...

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Family Wages

Family Wages

Revenue recently issued guidance regarding tax deductibility in remunerating family members. In the case of many SME’s it is common practice to engage children, spouses or other close relatives as employees in the business. Salaries paid for work done by family...

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