How to cut your tax bill
Entrepreneurs should consider both arguments in the sole trader vs company debate
When starting a new business, all entrepreneurs consider the business structure, however briefly. For some, the thought process is limited: ‘Well, I want to keep taxes down and the corporation tax rate is 12.5 per cent, which is obviously lower than personal tax rates of 50 per cent-plus, so I’ll operate the business through a company.’
They rush off and incorporate a new company, often spending more time thinking about the company name...
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year