Long hours spent slaving away when nobody’s watching, is often what’s required to make a business successful. If you’ve taken all the risks and invested all your time, you deserve to get the rewards. Sadly it doesn’t always work out like that, especially when it comes to divorce settlements. Selling your business to raise cash,…
Am I obliged to keep records for tax purposes? YES. You must keep full and accurate records of your business from the start. You need to do this whether you send in a simple summary of your profit/loss, prepare the accounts yourself, or, have an accountant do it. It is important for you to remember…
If you have significant business in the UK you may need to have a trading presence in the UK. The structure can be a separate legal entity or a UK branch of the Irish office. It is likely that any business carried on in the UK will create a permanent establishment which is taxable in…
If you are a sole trader or partnership you may be thinking about setting up a company for your business. Incorporating a company for your business has its benefits and it is not expensive to form a company, however there are many other issues to take into consideration when deciding whether to incorporate. Advantages of…
