Did you know that many tax liabilities can be prevented if proper advice is obtained early enough?
Our tax team provides services to help make you or your company reduce any tax liability there may be and to plan for the future.
Numerous questions arise regularly such as can I use foreign rental losses against Irish rental profits? What is the most efficient way to extract funds from a company? Advice on statutory redundancy, retirement planning and how to utilise losses and capital allowances to reduce tax down and result in significant savings. Advice needs to be obtained early on these questions to avoid any unnecessary tax liabilities.
There are other tax reliefs and benefits which people need to be aware of, one being the annual small gift exemption. This exemption provides that an individual can be in receipt of a gift of up to €3,000 from another individual without having any tax obligations in respect of it. No tax arises in respect of it. No tax return is required to be filed in respect of it and it does not impact on an individuals Class Threshold.
Also a common mistake individuals make is that they are not utilising their tax rate bands and credits to ensure the correct amount of their income is taxed at the lower rate of tax in Ireland.
Contact us today to find out how we can advise you.
We are based in the North Kildare region however we are also available for meetings throughout Ireland or can be reached by email or mobile on the number provided, whatever suits you best. We guarantee quick turnaround times and to explain taxation in Ireland in as simple as manner as possible.
