Taxation is a key factor in all business transactions. The immediate tax consequences of any transaction will require detailed attention. It is this firm's policy to keep an eye on the future to ensure that the advice given today is appropriate for our clients' plans and ambitions. Taxation advice cannot be given in isolation and we invest considerable time in getting to know our clients and understand their personal and business ambitions. Good taxation advice and planning must be practical and to achieve this it must meet with the wishes and needs of the taxpayer.
Taxation Compliance
Current legislation provides for a wide range of penal provisions for non-compliance with the taxation codes.
It is imperative that taxation returns are completed and taxation liabilities computed to a strict timetable
to ensure availability of finance to pay same and avoid interest on late payments and possible penalties for
late filing.
We complete taxation returns and computations for Corporation Tax, Income Tax, Value Added Tax, PAYE/PRSI, Inheritance/Gift Tax, Capital Gains Tax and Stamp Duty.
We deal with registration of new businesses under the various taxation codes and ensure that such registrations are completed in good time to comply with legislative requirements.
Revenue Audit
Ireland operates a self-assessment taxation system, which includes a revenue audit programme. A revenue audit
is always a difficult time for a taxpayer and it is important that the taxpayer is well informed and properly
represented. We provide a comprehensive service in relation to revenue audits to include review of returns to
be audited, advice on procedure of revenue audit, attending at meetings with revenue officials and dealing with
negotiation and finalisation of such audits. Our policy is to ensure that our clients are well prepared for a
revenue audit and that the audit is completed in a business-like manner without undue delay.
Focus
This firm is focused on the needs of owner-managed businesses and high net worth individuals. We are focused on the provision of high quality advice and service to our clients that meets with their practical needs and objectives.
Corporate Tax
Our expertise can help to minimise the taxation impact on events such as: Business start-up, financing of your
business, Acquisitions and disposals, Overseas investment, Remuneration of key employees, Business growth and
diversification.
Personal Taxation
Attaining wealth and the protection of same is an objective of most, if not all of our clients. Prudent tax advice
and planning can play a major role in attaining this objective. Some of the areas we address are:
Investment Strategy
Capital Tax Planning
Minimise capital gains tax on disposal of assets by availing of the relevant reliefs. Passing your assets and business
to the next generation can often lead to sizeable inheritance tax or gift tax bills. We advise on availing of reliefs
and the utilisation of trusts to minimise any such tax cost.
Retirement Planning
We advise on planning for retirement to ensure that taxation does not adversely affect your reward for long years of
hard work.
Overseas Issues
Many of our clients avail of opportunities outside of Ireland and indeed some of our clients are non-residents who avail
of opportunities within Ireland. Over the years we have established a network of contacts in many countries with
independent firms compatible with our own. Many people now find that part of their business life is spent outside Ireland
and there are taxation opportunities and pitfalls that we can help to address in such circumstances.
Regular Review
It is our policy to review our clients circumstances on a regular basis to ensure that all suitable current tax reliefs
are availed of and to continually monitor medium to long term tax plans.
O'Hurley Blair Irwin, Third Floor, Mount Kennett House, Limerick Tel: +353 061 401122 Fax: +353 061 401144 Email: info@obi.ie
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