Your Business: Taxing times 10
When it comes to smart management of company taxes, straight-talking advice trumps all else. Dermot Byrne, taxation expert and former director of the Irish Tax Institute, offers his ten-point checklist for Irish SME owners
If a property is nearly paid for, or actually paid for, leave it outside the trading company as it can be sold directly by the owner with the proceeds in their pocket instead of in their company.
If a property has major borrowing, then it may be best to let the company own it, and it will only pay tax at 12.5 per cent so that it has 87.5 per cent of profits to make...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures