Tax Tips for SMEs

Tax Tip: Employee Expenses

If your employees or directors travel for business purposes then they are entitled to be reimbursed for travel and subsistence costs incurred.   Under Revenue rules you can repay your […]

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Tax Tip: Share Options

Incentivise your key employees by granting them share options under the Key Employee Engagement Programme (KEEP).   KEEP is intended to help SMEs that carry on certain types of trade […]

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Tax Tip: CAT reduction

If you can’t avoid a CGT charge on a transfer of an asset to a family member, don’t despair. The person to whom you transfer the asset may claim a […]

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Tax Tip: 10% CGT

If you are disposing of either shares in a trading company or the assets of an unincorporated business look to avail of Entrepreneur Relief. By using it the first €1m […]

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Tax Tip: Tax Exempt Gains

If you or your company are holding land and buildings acquired between 7 December 2011 and 31 December 2014 gains from their disposal may be free of Capital Gains Tax. […]

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Tax Tip: Incorporation

If you are carrying on business as an unincorporated entity consider transferring your business to a company to avail of the low 12.5% corporate tax rate.   Given Ireland’s favourable […]

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Tax Tip: Tax Free Gains

Have your company use the Participation Exemption to generate tax-free gains from the sale of shares that it owns in trading companies.   Gains made on the disposal of certain shares […]

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Tax Tip: Tax-Deductible Plant

Reduce your taxable profits by claiming capital allowances for all the plant in your building, whether the building is in use for a trade or is an investment asset.   […]

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Tax Tip: Raising Capital

If you need finance to expand your business then consider raising funds under the Enterprise Investment Incentive Scheme (EIIS).   The EIIS is a tax relief that can be used […]

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Tax Tip: Working Abroad

If you are expanding your business overseas then you should consider whether any of your employees could avail of the foreign earnings deduction.   In order to claim the relief the […]

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Tax Tip: Pension Planning

Use your company to fund a pension for the shareholder directors. The company can get tax relief on the contribution and the recipient can take a tax free lump sum […]

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