THREE YEAR COMPANY START UP RELIEF

A three year Corporation Tax Relief was introduced for new trades commencing between 1 January 2009 and 31 December 2014. Relief is limited to the amount of Employers PRSI subject to a cap of €40,000 Corporation Tax. Marginal  relief is granted where Corporation Tax payable is between €40,000 and €60,000. The relief applies to a new trade … Read moreTHREE YEAR COMPANY START UP RELIEF

SOLE TRADER or LIMITED COMPANY

When an individual decides to set up a business, one of the most important decisions to be made is whether to trade as a sole trader/partnership or as a limited company. What’s best depends on individual circumstances and the nature of the business. Sole traders are taxed under the self employed provisions. They prepare  accounts for … Read moreSOLE TRADER or LIMITED COMPANY