Whether you are an Irish private company that is starting business, raising capital to expand, or transitioning your business to the next generation or management team, we can support you.
We provide a full range of services to Irish businesses, in particular for private companies and owner-managed businesses.
Tax is one of many considerations involved in starting a business in Ireland. If you are an early-stage start-up, Warren & Partners can provide advice in relation to the following:
There are many other commercial considerations to be taken into account when establishing a new business. Therefore, we aim to provide tax advice which considers other relevant commercial elements of starting a business.
Many Irish businesses develop and change their activities over time. For this reason, owners or shareholders may wish to establish a group structure or separate multiple trades into separate corporate entities.
Irish tax law provides tax relief for certain reorganisations, provided the relevant criteria are satisfied. Warren & Partners can provide advice in relation to the following:
We are also experienced in the area of retirement planning for business owners and shareholders. In particular, we can advise you on the availability of CGT Retirement Relief or Entrepreneur Relief on your disposal of the business, by way of liquidation or passing to the next generation.
We have advised several clients on the tax implications of expanding their business outside of Ireland. In particular, we have assisted clients with the following:
In order to ensure that our clients business expansion is carried out in a timely and efficient manner, we liaise with local tax advisers, lawyers and tax authorities on their behalf. Through our work, we have developed rapport with tax advisers and lawyers in many jurisdictions such as the UK, Germany and the United States. In developing these relationships, we now have easy access to experienced tax and legal professionals in many jurisdictions.
Now more than ever, Irish businesses need to be cognisant of developments in international tax law, as well as domestic tax law.
One of the most important developments in this area is the extension of transfer pricing rules to Small and Medium-sized enterprises (SMEs). Previously, an exemption had been available to SMEs in applying transfer pricing rules, however, Finance Act 2019 removed this exemption.
While the transfer pricing rules for SMEs have not been formally introduced into Irish law, it is an important issue that needs to be considered by Irish business owners. It should be noted that the rules on transfer pricing include a “look-back” provision which may require SMEs to review arrangements between group companies which have been in place for many years.
In addition to this, business owners with activities in other countries should be aware of the introduction of the Multilateral instrument or MLI. For further details, please see our article on the introduction of the MLI.
Most business transactions have tax implications for your business. We create the most tax-efficient structures for all your corporate transactions.
Tax advice cannot be given in isolation. By listening carefully and understanding your business, we deliver unique solutions that combine our expert tax advice and business insights.
If you would like to discuss any of the above matters in further detail with us, please contact a member of our Corporate Tax team (see details below).
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.