Even when you are only starting out it pays to plan for the future. We can help you through the different stages of your businesses development from start up to growth to exit strategies.
It may be time to re consider how your company is structured.
The formation of a holding company may have tax advantages for the Directors and Shareholders.
We can advise on the options available to you and the company.
Whatever your business goals, it is worth thinking about how you might exit the business in the future. We can help you to decide which is the best exit strategy for you depending on your business goals.
An exit strategy is a method by which entrepreneurs and investors, transfer ownership of their business to a third party, or by which they recoup money invested in the business.
When you stop working, you will need to replace your wage or salary with a retirement pension. You need a pension plan to supplement the State Pension. A pension plan is a special type of savings plan designed to build up a 'pot of money' for your retirement years. Your regular contributions enjoy attractive tax saving breaks which reduce the cost to you. If you pay income tax at the 40% rate on some of your income, the net cost of every €100 you invest in your pension is €60. The tax treatment is different if the pension contributions are paid by your company.
The value of your retirement fund can go up or down and it is important to be patient and understand the nature and reasons for the movement in your retirement fund.
We can put you in touch with someone that can help you arrange a pension plan suitable for you
There is now probably no better method of converting company profits into personal wealth than through a Director's pension scheme. This can be a complex area of financial advice and we can help you to simplify this area of financial planning.
The R&D tax credit scheme is an attractive tax incentive. The R&D tax credit is open to companies in Ireland that undertake qualifying research and development activities in Ireland or within the EEA. The R&D tax credit can be a significant source of tax saving / cash.
Loss making companies can also benefit from the R&D Tax credit by receiving a cash refund of the credit, subject to some conditions.
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