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Derek Andrews Acca Cashflow And Asset Protection

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Cashflow Planning and Asset Protection Derek Andrews RUSSELL BRENNAN KEANE
Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Use of trading and capital losses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Use of trading and capital losses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Efficient Drawings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Efficient Drawings ,[object Object],[object Object],[object Object],[object Object]
Tax Efficient Drawings Shareholder Position Director’s loan Investment losses Mortgage repayments Requirement for drawings Other assets??? Corporate Position Onerous bank covenant Reporting requirement ODCE Latent tax issues on director’s loan Distributable reserves No cash
Personal Asset Protection ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Dealing with Business Interruption ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Companies ,[object Object],[object Object],[object Object],[object Object],[object Object]
Case for Incorporation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Case for Incorporation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Companies – Planning Opportunities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Participation Exemption Irish Hold Company Irish Company EU Trading Company No CGT on disposal Shares held for 12 months, company trading, value not derived from property, common directors.
Summary – Typical Agenda for SME Meeting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],R&D Tax Credit Regime
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],R&D Tax Credit Regime
R&D Tax Credit Regime ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
R&D Tax Credit Regime 5% ,[object Object],0.625m ,[object Object],0.625m ,[object Object],1.25m ,[object Object],10m ,[object Object],2.5m ,[object Object],12.5m ,[object Object]
Advice for Dealing with Revenue Auditors ,[object Object],[object Object],[object Object],[object Object],[object Object]
Patent Exemption – Ownership Structures ,[object Object],[object Object],[object Object],[object Object]
Patent Exemption – Ownership Structures Trading Company licence royalty inventor Tax deduction 12.5% Tax exempt? - high earner restriction - Income levy
Patent Exemption – Ownership Structures Hold Company Patent Company Trading Company licence royalty Tax deduction 12.5% Tax exempt (annual limit)
Patent Exemption – Ownership Structures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Patent Exemption – Ownership Structures Hold Company Patent Company Trading Company Executives 10% 90% 3rd Party Co licence royalty licence royalty
Patent Exemption – Ownership Structures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Patent Exemption – Ownership Structures
Thank You Derek Andrews Andrews Tax Consulting T: +353 (0)1 544 4434 E: derek@andrewtax.ie w www.andrewstax.ie

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Derek Andrews Acca Cashflow And Asset Protection

  • 1. Cashflow Planning and Asset Protection Derek Andrews RUSSELL BRENNAN KEANE
  • 2.
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  • 7. Tax Efficient Drawings Shareholder Position Director’s loan Investment losses Mortgage repayments Requirement for drawings Other assets??? Corporate Position Onerous bank covenant Reporting requirement ODCE Latent tax issues on director’s loan Distributable reserves No cash
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  • 14. Participation Exemption Irish Hold Company Irish Company EU Trading Company No CGT on disposal Shares held for 12 months, company trading, value not derived from property, common directors.
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  • 22. Patent Exemption – Ownership Structures Trading Company licence royalty inventor Tax deduction 12.5% Tax exempt? - high earner restriction - Income levy
  • 23. Patent Exemption – Ownership Structures Hold Company Patent Company Trading Company licence royalty Tax deduction 12.5% Tax exempt (annual limit)
  • 24.
  • 25. Patent Exemption – Ownership Structures Hold Company Patent Company Trading Company Executives 10% 90% 3rd Party Co licence royalty licence royalty
  • 26.
  • 27.
  • 28. Thank You Derek Andrews Andrews Tax Consulting T: +353 (0)1 544 4434 E: derek@andrewtax.ie w www.andrewstax.ie