A highlight of some of the projects we have been working on in the first half of 2019 and to give you an insight into this work.
2019 Mid-Year Review
Warren & Partners has been involved in several interesting assignments during 2019 to date. We wanted to highlight some of these projects and give an insight into our work during the first half of 2019.
Our Corporate Tax and VAT team have been involved in several interesting projects, particularly in the area of Corporate Restructuring and Property Transactions.
Private Client Matters
During the first 6 months of 2019, our Private Client Tax Team have completed several assignments related to pension planning and wealth management for high net worth individuals.
Over the past few months, we have seen an increased number of Senior Executives employed with large multinationals seeking tax advice independently from their employer. We have assisted Senior Executives in identifying their tax obligations and filing requirements in respect of any company share schemes and remuneration. However, seeking independent tax advice has proved beneficial for many clients in considering more long-term wealth management and retirement planning. In this regard, we have provided comprehensive tax planning advice to Senior Executives which considered various options for future investment and retirement.
Read more about our Private Client services.
Inheritance and Gift Tax Planning
Our Estate and Trust Planning Team saw continued interest in clients seeking advice in respect of tax efficient estate planning, particularly for passing assets to the next generation.
We advised clients (operating through a corporate vehicle) on the tax implications of gifting “flowering shares” to their children and ensured that this plan was implemented correctly.
We also advised on tax efficient options for passing a family business (operating as a sole trade) to the next generation, while maximising any gift or inheritance tax reliefs available.
We have continued to advise and implement tax efficient wills for clients to ensure that wealth is passed to the next generation in the most efficient manner.
Read more about our Inheritance & Gift Tax services.
In recent years, we have noted a significant increase in the number of interventions by Revenue with both corporate and personal clients. In the first half of 2019, we provided advice on various types of Revenue interventions from Aspect Queries to engaging in the tax appeals process with the Tax Appeals Commission.
Read more about our Revenue Engagement services.
Our clients are increasingly looking for advice on a range of matters under one roof. In order to provide more comprehensive advice to our clients on a range of issues, we have developed relationships with advisers who specialise in areas outside of tax, such as pension and financial planning. Our network of advisers keeps us up to date with developments in their field that may be of interest to our clients and are happy to assist our clients with any specific issues as part of a collaborative engagement.
While Warren & Partners specialise in providing Irish tax advice to corporate and private clients, we are cognisant that tax is continuing to be an area of increased international scrutiny. Now, more than ever, clients need to be aware of developments in tax laws in other jurisdictions that may have an impact personally or to their business. Over the past few months, we have developed rapport with tax advisers in many jurisdictions such as the UK, Germany and the United States. In developing these relationships, we now have easy access to experienced tax professionals in many jurisdictions.
Please note: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
Warren & Partners are a boutique Irish tax and business advisory firm based in Ballsbridge, Dublin. Our experienced-team of tax advisors will create unique tax solutions for your specific business needs.