Accounts

Accounts board - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

Tax Returns

Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

Start up/ New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

Category: Start up businesses

Tax relief for new start up companies ?

Tax relief for new start up companies ?

Any tax relief for new start up companies ? If you have started a new company, you may be able to apply for tax relief for start-up companies. This tax relief, also known as Section 486C tax relief, is a reduction of your Corporation Tax (CT) for the first five years you trade. The relief can be…

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What are pre-trading expenses ?

What are pre-trading expenses ?

WHAT ARE PRE-TRADING EXPENSES ? Pre-trading are expenses incurred by new start up businesses before they actually begin to trade Examples of which are: Cost of business plans Advertising Legal fees Rent & Rates Training courses Accountancy fees How pre-trading expenses are dealt under income tax and vat is set out below A. Income tax…

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