Effective tax planning makes a significant impact on how your business develops and thrives.
Our experienced team carries out tax planning to suit your commercial needs, enabling your business to run as smoothly and efficiently as possible - letting you focus on the bigger picture.
Many of the decisions that businesses make have a tax impact which should be considered and assessed prior to making any final decisions. Consulted at the right time, we can provide the right advice to maximise tax planning opportunities.
These decisions can range from selecting the appropriate vehicle to purchase property, incorporation of a sole trader or partnership to decisions such as the provision of shares for employees within the Company and timing for new asset purchase for a business.
Our team is experienced in carrying out capital allowance claims and various other tax deduction claims.
As your accountant, we understand your business and its process and as a result are able to carry out these claims on your behalf.
- Restructuring
- Succession
- Extraction
- Business Sale
Start Your Own Business Relief
Introduction If you have been unemployed for at least 12 months and set up a qualifying business, the Start Your Own Business scheme provides an exemption from income tax up to a maximum of €40,000 per annum for a period of 2 years. Start Your Own Business Relief only applies to income tax payable on […]
Passing on Family Business (Succession)
Timely succession planning is vital to ensure the family business passes on to the next generation with a minimum of disruption and cost. In addition to the change of management, transfer of ownership can also disrupt a business by triggering significant tax liabilities and financing costs. Dermot McCrystal & Co can assist in the smooth […]
Food for thought when raising funding for new equipment
Q: I have an early-stage food business and I am looking for an investor as I need to fund additional equipment etc? Can you direct me? A: This is a classic case of the chicken and the egg. In many cases, investors won’t invest in an early-stage business as they will need to see proof […]