Tax Planning is crucial to every business. McEvoy Craig can bring our tax knowledge and experience to you, minimizing your liability and helping you protect your assets.
We work hard for our clients and our number one priority when preparing your taxes is to ensure you never pay more than you have to. We check all your allowable deductible expenses and credits ensuring you are claiming everything available to you.
We have specialised in the area of Capital Acquisition Tax – CAT. This tax covers both Inheritances and Gifts. The rules for both taxes are broadly similar and for simplicity we will refer to inheritance tax here. The legislation re CAT is complex, however the rewards for proper planning can be immense. Without proper planning the tax bill can be such that it is necessary for the legatee to sell the asset to meet the tax liability. Thus proper CAT planning is imperative to minimise tax liability and ensure assets pass to the next generation.
Thresholds for children receiving inheritances have reduced from €541k to €225k and the tax rate has increased from 20% to 33%, thus liabilities have increased significantly. The good news is that there are significant reliefs available to farmers and business people
Because of our expertise we can ensure that you avail of these crucial reliefs, our costs are competitive and the rewards for you substantial.
Corporate structures provide many opportunities in the area of tax planning because of lower tax rates and pension planning opportunities. We can identify these opportunities and help unlock and optimize the benefits for you and your company.
We would have no hesitation in recommending McEvoy Craig. They are reliable, efficient and very professional.
Our practice has used McEvoy Craig for our Accounting and Financial Service needs since 2007. The team are extremely helpful, efficient and proactive with exceptional attention to detail. Working with McEvoy Craig Accountants takes all the stress out of the accounting and financial planning part of our business.
McEvoy Craig have been trusted Accountants and advisors to our business since we incorporated. Our accounts are carefully and efficiently managed and provide us with consistent data that informs our business decision making. The range of services and supports available from McEvoy Craig Accountants helps our business to adapt to and take advantage of new opportunities in the market place. To WhiteLight Consulting, McEvoy Craig are so much more than Accountants, they’re an integral part of our business.