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  Taxation Advice & Planning

Taxation is a key factor in all business transactions. The immediate tax consequences of any transaction will require detailed attention. It is this firm's policy to keep an eye on the future to ensure that the advice given today is appropriate for our clients' plans and ambitions.

Taxation Advice cannot be given in isolation and we invest considerable time in getting to know our clients and understand their personal and business ambitions. Good taxation advice and planning must be practical and to achieve this it must meet with the wishes and needs of the taxpayer.

Personal Tax Planning

Advising on all aspects of employment taxation, including tax efficient remuneration packages, share incentive schemes and benefits-in-kind
   
Providing advice on the tax implications of investments such as property and shares
   
Advising on how to avail of lower income tax rates in relation to property dealing transactions
   
Advising on wealth accumulation strategies for business proprietors and investors
   
Advising on the tax implications of transferring assets (e.g. the family business) to the next generation
   
Advising on the tax implications of moving to or from Ireland, including the implications of acquiring or losing Irish tax resident status

We take a holistic approach to the tax affairs of our individual clients and assist clients in organising their affairs in a manner that is both tax efficient and commercially sensible. Our personal tax services cover all relevant tax heads including income tax, capital gains tax, gift/inheritance tax, stamp duty and, where relevant, foreign taxes.


Corporate & Business Tax Planning

The benefit of trading through an Irish Limited Company has never been greater. The advantages of structuring your business in this way are:

Limited Liability...this protects your personal assets should things go wrong!
   
Low Irish tax rates...only 12.5% on all trading profits.
   
Improved cash flow...due to the lower tax rates. Extra funds can be reinvested in the company and may earn a greater return than alternative investments.
   
Choice over how and when you pay yourself...a self-employed businessperson's profit is taxed on them personally irrespective of how much money they take out of the business.
 
 
Audit Compliance
Accounts Preparation
Taxation Advice & Planning
Acquisitions & Disposals
VAT & Property Tax Matters
Separation & Divorce
 
       
A PracticeNet Solution
Alton House, 4 Herbert Street, Dublin 2 Tel: 01 6764502 Fax: 01 6763537 Email: info@phelanprescott.com