Tax Planning

Plan ahead and keep more of what you earn

Tax planning is the difference between paying what you owe and paying more than you need to. Done properly, it is forward-looking, fully compliant and built around your real situation, keeping more of your money working for you and your business. We advise business owners, directors, professionals and families across Mullingar, Longford, Trim and Athlone.

The principle is simple: the tax outcome of most decisions is set before they happen, not afterwards. Once a business is sold, a gift is made or a year-end has passed, the options narrow sharply. Plan ahead and you keep your choices open.

Planning for businesses and directors

For company owners and directors, the questions that matter most tend to be the same ones, year after year:

• Profit extraction, finding the right balance of salary, pension and dividends, and whether a capital route may suit when you eventually exit.
• Business structure, whether your current structure is the most efficient for trading, holding assets and planning succession. If you are still weighing sole trader against a limited company, or a company reorganisation would help, we model the tax effect of each.
• Reinvestment and reliefs, making proper use of capital allowances, R&D incentives and approved schemes such as the EIIS.
• Exit planning, positioning the business so that, when you sell or hand it on, reliefs like retirement relief are available to you.

Because we also prepare your corporation tax and accounts, the planning is grounded in your actual numbers rather than theory.

Planning for individuals and families

For individuals, planning often centres on protecting and passing on what you have built. That can mean managing exposure to capital gains tax on assets you hold, using your capital acquisitions tax thresholds wisely when gifting to children, and bringing it all together through succession and estate planning. For those with more complex affairs, our high net worth service joins everything up.

Compliant by design

Effective planning relies on the well-established framework of Irish tax: the 12.5% trading rate of corporation tax, the 33% rate on capital gains and inheritances, pension reliefs, and the various business and capital tax reliefs Revenue allows. The specifics, though, thresholds, bands, limits and deadlines, change from year to year, and most reliefs come with conditions that must be met to the letter. We track the current rules and confirm the figures that apply to your year before you commit.

Talk to us before you decide

The best time to talk to a tax adviser is before you act, not after. Whether you are planning a strong year, a big purchase, a sale or a step towards retirement, book a free consultation at any of our four offices. We will help you map out a plan that is efficient, compliant and built to last.