Course Summary

Duration1 hour

PresenterJohn Murphy

Course Content

This is a three part series that deals with tax planning for SME’s. This session will look at the following

  • Creation of groups;
  • Termination payments – a tax efficient method where the company is coming to an end where the company has surplus cash – structuring for the largest tax-free payment – recap on the rules;
  • The utilisation of pensions;
  • Possible options for the insertion of shareholder holding company structures for Companies that have been trading for a while where the company is owned 50/50 – We will deal with the possible advantages of this structure;
  • Possible options to overcome the mismatch of tax rate where Company rents property to another Company.
  • Utilisation of groups for tax efficiency – Ability to transfer trade losses etc. and the ability to obtain further reliefs;
    • Structuring to ensure best of both reliefs
  • Other simple measures to increase tax efficiency – use of all tax free reliefs etc.;
  • A review of family partnerships and the tax implications on the creation of same.

Given the increasing property/share prices, now is a great opportunity to allow children to participate in capital appreciation in the future while still maintaining control, a family partnership may be a good option; We will cover:

  • When could such a structure be used?
  • What are the benefits of using these?
  • What are the tax implications?
  • What if there are minor children?
  • How do they work?
  • What types of partnership are there?
  • Can it be structured in other ways to get the same results?
  • Registration of limited partnerships

 


CPD Course Facilitators

John Murphy: Tax, Corporate Restructuring and Practice Support

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.

John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the CompaniesAct2014.com and FRS102.com. As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.

A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.


Des O’Neill – Co-Founder and Managing Director, OmniPro

Having worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to achieve their best. Over 15 years, he has grown the company to a multi-million-euro turnover business and established OmniPro as Ireland’s largest independent provider of CPD for accountants.

Des speaks regularly, at national and international fora, on practice development, auditing, accounting, company law and regulation. He is passionate about bringing innovation to the profession and empowering accountants to achieve what they want in their careers and practice.