How to structure your business for sale or to pass it on to the next generation.

How a small business owner in Ireland can use a pension to minimise their tax rate while moving toward retirement. The Background We all know the top rate of income tax in Ireland can be as high as 55%.  This means that you are giving away more than half of everything you earn when your …
Small to medium sized family owned businesses remain the cornerstone of the economy in Ireland. When it comes to family businesses, the rate of growth of the business often slows down with each transition onto the next generation. This might be due to outside factors, for example, a maturing sector or industry within which the …
Having spent a lifetime building your business, you are looking to your retirement and trying to figure out how to get money out of your company, hoping to keep more in your pocket, and less in the pocket of the tax collector. Here we talk through 3 cash extraction “tools” which can be used, either …