20131112 Mazars Funding Options_James Hughes
Upcoming SlideShare
Loading in...5
×
 

20131112 Mazars Funding Options_James Hughes

on

  • 281 views

With over 30 years experience, Mazars Ireland is a leading professional services firm. Our services include audit and assurance, consultancy, corporate finance and taxation services. We have a broad ...

With over 30 years experience, Mazars Ireland is a leading professional services firm. Our services include audit and assurance, consultancy, corporate finance and taxation services. We have a broad client base spanning the corporate, governmental and institutional sectors along with owner-managed businesses and private wealth.
Mazars Ireland is based in Dublin and Galway with a staff of over 200 people and is part of the integrated international firm, Mazars. A young, growth oriented and ambitious firm, Mazars gives employees the opportunity to work across a wide variety of markets and sectors.

Statistics

Views

Total Views
281
Views on SlideShare
281
Embed Views
0

Actions

Likes
0
Downloads
5
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

20131112 Mazars Funding Options_James Hughes 20131112 Mazars Funding Options_James Hughes Presentation Transcript

  • NEW BUSINESS OR PRODUCT VENTURES – MONEY BACK FROM REVENUE James Hughes November 2013
  • TABLE OF CONTENTS 1. Employment & Investment Incentive Scheme (EIIS) 2. Seed Capital Relief 3. Start Up Relief 4. Start Your Own Business Relief (SYOB)
  • 01 EMPLOYMENT AND INVESTMENT INCENTIVE SCHEME (EIIS)
  • EMPLOYMENT AND INVESTMENT INCENTIVE SCHEME (EIIS) • Benefits • Cash for Company • Income Tax Relief for Investor
  • EMPLOYMENT AND INVESTMENT INCENTIVE SCHEME (EIIS) • The Company • Trading company • Unquoted • Residence & Incorporation • Micro, Small and some Medium Sized Enterprises • Max Lifetime limit of €10m • Max Annual limit of €2.5m
  • EMPLOYMENT AND INVESTMENT INCENTIVE SCHEME (EIIS) The Investor • Resident in Ireland • Hold shares for 3 years • Not connected to company • Relief of €150,000 in any one year
  • EMPLOYMENT AND INVESTMENT INCENTIVE SCHEME (EIIS) Tax Relief • Initially - 30% • After 3 years - 11%
  • EMPLOYMENT AND INVESTMENT INCENTIVE SCHEME (EIIS) Practical Issues • EIIS Investors • EIIS Funds • Exit Strategies?
  • EMPLOYMENT AND INVESTMENT INCENTIVE SCHEME (EIIS) Budget 2014 / Finance Bill Amendments • Removed from High Earners Restriction • Investments from 15 October 2013 to 31 December 2016 • New Class of Investors?
  • 02 SEED CAPITAL RELIEF
  • SEED CAPITAL RELIEF Key • Employment in last 6 years? • Paid PAYE on Employment Income? Entitled to Income Tax Refund?!!
  • SEED CAPITAL RELIEF The Relief • Refund of Income Tax • Max of €100k per annum • Previous 6 years
  • SEED CAPITAL RELIEF Conditions • Investment in Shares • Qualifying Company • Creation of Employment • Qualifying Employment
  • SEED CAPITAL RELIEF Other Matters • 2nd Investment • Conversion of Loans
  • 03 START UP RELIEF
  • START UP RELIEF • Overview • Relief from Corporation Tax • First 3 years Profits • Incorporation and Commencement • Employment Based Relief
  • START UP RELIEF The Relief • Relief of up to €40,000 • Marginal Relief to €60,000 • Trading Profits • Carry forward of losses
  • 04 START YOUR OWN BUSINESS RELIEF (SYOB)
  • START YOUR OWN BUSINESS RELIEF (SYOB) New Relief • Introduced by Budget 2014 • Encouraged Innovation and Employment • New Business
  • START YOUR OWN BUSINESS RELIEF (SYOB) The Relief • Exemption from Income Tax • Profits of first 24 months • Limit of €40,000 per annum
  • START YOUR OWN BUSINESS RELIEF (SYOB) Qualifying Conditions • Commerce to trade • On or after 01 January 2014, and • Before 31 December 2016 • Unincorporated business • Unemployed for previous 15 months
  • Mazars is present in 5 continents. CONTACT Mazars Harcourt Centre Block 3, Harcourt Road Dublin 2, Ireland Tel: +353 (01) 4494400 Email: mazars@mazars.ie Gerry Vahey gvahey@mazars.ie (01) 449 6423 James Hughes jhughes@mazars.ie (01) 449 6476 mazars.ie