Limited Company Vs Sole Trader – Understanding the Tax

Limited Company Vs Sole Trader – Understanding the Tax

You may or may not have heard the stories in the media about other countries complaining about Ireland’s ‘unfair’ tax rate. In case you didn’t know, they are referring to the Corporation Tax rate in Ireland which at 12.5% is considerably lower than most countries. For example Belgium’s rate is 25%, Austria’s is 25%, Greece’s…

3 Compelling Reasons to Convert Your Business from Sole Trader to Limited Company

3 Compelling Reasons to Convert Your Business from Sole Trader to Limited Company

Limited Liability: As a Sole Trader you are your business. You are personally liable for the debts of your business. This means that should your business fail your personal assets such as your home and your car can be used to pay off your potential creditors. By setting up a Limited Company you are limiting…

Using 2020 Losses to Reduce 2019 Corporation Tax Bill – What Every Limited Company Director Needs to Know

Using 2020 Losses to Reduce 2019 Corporation Tax Bill – What Every Limited Company Director Needs to Know

Ø Provisions have been put in place to provide accelerated loss relief for limited companies adversely impacted by COVID19 restrictions. Ø Section 396(D) of the Taxes Consolidation Act 1997 provides for a temporary acceleration of Corporation Tax loss relief for eligible limited companies. Ø The purpose of these provisions is to provide cashflow support to…

The Restart Grant Plus – What Every Business Needs to Know

The Restart Grant Plus – What Every Business Needs to Know

The Restart Grant Plus has been launched and is open for applications from today. This scheme was announced as part of the July Stimulus Package, BUT there have been some enhancements to this scheme which will increase the amount that is available to eligible businesses. Here is what you need to know: – The Restart…

The Restart Grant – What Every Business Needs to Know

The Restart Grant – What Every Business Needs to Know

The Government has released details of the new €250 million Restart Grant. This scheme is designed to give direct grant aid of between €2,000 & €10,000 to micro and small businesses. There are certain conditions that must be met in order to be eligible, and there is no doubt that some small businesses will be…

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