When a non-resident individual sells property in Ireland, it’s common for the solicitor handling the transaction to ask for “CGT clearance” from Revenue before releasing the sale proceeds. This request is often framed as a standard or mandatory step. However, the actual legal requirement to obtain clearance depends on the circumstances—most importantly, whether or not there is a capital gain.

Members' Voluntary Liquidations (MVLs) are designed for solvent companies, offering a tax-efficient exit for shareholders. However, the legal risks faced by liquidators are often underappreciated.

Members' Voluntary Liquidations (MVLs) are commonly seen as a tax-effective and straightforward means for solvent companies to distribute surplus assets to shareholders. Yet, beneath this perceived simplicity lies a less visible risk: the potential for Revenue intervention long after the final shareholders' meeting has been held and distributions made.

This guide serves as a content creators starting point for understanding tax and accounting essentials, setting you on the right path.

With over 20 years in the accounting and tax advisory field, I’ve encountered a recurring question from clients: whether to set up a limited company or not.

Whether you're operating as a sole trader or running a limited company, opening a separate bank account for your business is a strategic decision with significant impact on your financial management and legal standing.

Understanding what qualifies as a tax-deductible business expense is crucial for professionals and business owners.

t's not just about compliance; understanding VAT can significantly impact your financial planning and operations. This post delves into the essentials of VAT registration, rates, thresholds, and the two-tier registration process in Ireland.

Understanding Preliminary Tax is crucial for effective financial planning as a self-employed individual. The 'double hit' in the first year can be a significant financial challenge, but with proper planning and understanding of your options, it can be managed effectively.

Choosing the right structure is a decision that can significantly impact your venture's future. This article delves into the distinct differences, advantages, and considerations of operating as a Sole Trader versus a Limited Company.

The Irish Revenue Commissioners have issued "nudge letters" aka Level 1 notifications to Irish content creators urging them to regularise their tax affairs - here's everything you need to know.

Accountex is an annual Accountancy & Finance Conference and Expo held in London, showcasing global brands and their software solutions, along with CPD events, keynote speakers, and the latest industry trends. Having attended Accountex for the second time, here are some key takeaways for those planning to visit.

Liquidations can be a complex subject, which is why we want to make things as simple as possible for you. As qualified Insolvency Practitioners and Chartered Tax Advisers (CTA) we have a wide range of experience in he three most frequently used types of liquidation in Ireland, and want to use that experience to help you understand the process.

CV-19 subsidies are acting as a buffer to company insolvencies and creating a dried tinder of zombie businesses that will ignite when the supports are rolled back on 30th June 2021.

Lockdowns, changes in consumer habits and advances in technology – large scale delivery-only restaurants are now a viable business model.

Now is the perfect time for Accountants to reassess their business models and delivery methods.

This case considered the situation of a barrister, Mr Newsom, whose chambers were in London but who lived in Whipsnade, which is some distance from London.

While this case involves the issue of whether or not a deduction can be taken for client lunches which is now specifically disallowed by section 840 TCA 1997, it is instructive in arriving at the principles of deductibility

The taxpayer was employed by the company to provide demonstration services for the company's products at various supermarkets

The taxpayer carried on a trade as an electrical contractor and appealed against an assessment for the tax year 1986/1987.