Small and Expanding Businesses: Getting the Tax Right

Small and Expanding Businesses: Getting the Tax Right is an accessible guide to the tax issues typically encountered by small and expanding businesses in Ireland, it examines in detail the tax implications of a variety of business decisions. The book focuses on four main areas: payroll taxes; VAT; income tax on business profits earned by a sole trade or partnership; and corporation tax on business profits earned by companies, as these are the taxes that affect most Irish businesses. Three case studies are also included and developed throughout to illustrate and explain the tax issues with worked examples.

“This unique book brilliantly fills a niche and will be invaluable to all start-up and expanding small businesses. The author has skilfully managed to bridge a gap between the basic tax information available from Revenue and the detailed advice available from the tax specialist. It is an ideal reference book that should be on hand in the office of every budding entrepreneur in Ireland.”
Simon Pratt, CEO Avoca

Contents

1. Business Structures and their Tax Implications
2. Tax Implications of Financing the Business
3. Acquiring or Letting a Business Premises
4. Getting the VAT Treatment Right
5. Payroll Issues Affecting Employees and Directors of Close Companies
6. Keeping Taxes on Profits Down
7. Managing Tax Payments and Returns
8. Dealing with a Revenue Audit and Other Revenue Approaches
9. Business Structures for Expansion and their Tax Implications
10. External Investment Through the Employment and Investment Incentive Scheme (EIIS)
11. The R&D Tax Credit and the 'Knowledge Development Box'
12. VAT and Personal Tax Issues Arising from International Sales
13. Establishing a Foreign Presence

Format: Paperback, 356 pages

Published: January 2017

For further information contact publishing@charteredaccountants.ie or telephone on (+353) 01 637 7204

The Author

Kerri O’Connell FCA, AITI, TEP, has been advising small and medium-sized businesses in Ireland for 20 years. The daughter of two entrepreneurs, she is constantly inspired by those with the ideas and commitment to start and grow businesses. Kerri’s education includes an international law degree, as well as accountancy, taxation and succession planning qualifications. She trained and worked in two of the ‘Big 4’ accountancy firms and was tax partner in a medium-sized accountancy practice for 11 years. More recently, Kerri has worked inindustry and is the founder of tax consulting firm, Obvio Tax Services, advising on each phase of the business cycle: start-up, expansion and sale/succession.