- To get tax advice in advance of major decisions so that taxes are minimised.
C.McFadden & Co. t/a the TaxMan is a specialist taxation practice working with personal, business and professional clients.
Providing comprehensive, complete and in-depth advice on taxation requires dealing with advisors who work in the field of taxation on a daily basis; advisors who are aware of the taxation issues people and businesses commonly experience and with the knowledge to provide commercially sound solutions.
- Staying in touch in an ever-changing domestic and international tax environment.
The laws of taxation are being continually updated to reflect budgetary changes and the introduction of measures to prevent avoidance of tax. In addition, there are ongoing global efforts to support the harmonisation of EU and international codes (OECD BEPS initiative) which necessitate regular changes to Ireland’s tax laws.
We in C.McFadden & Co. t/a the TaxMan are committed to providing tax advice based on the most recent changes in our tax laws.
- Getting tax advice early can help you avoid unnecessary tax bills.
The majority of people are very much aware of their Revenue compliance obligations; to pay tax and file their returns.
Tax consultancy involves a complete review of your personal and business affairs; considering current income levels, family circumstances, providing for retirement, making a gift of assets to loved ones and ultimately end-of-life taxation planning.
C.McFadden & Co. t/a the TaxMan implement taxation strategies to optimise the tax allowances and reliefs available to you, your family and your business now and into the future.
- Working with your accountant or solicitor to provide you with the best outcomes.
As is the case for many people and businesses their accountants typically prepare their accounts and manage their tax affairs.
Our professional clients include Accountants and Solicitors. The services offered by the accounting profession are becoming more specialised; insolvency (liquidations and receivership), mergers and acquisitions, auditing and business consultancy. It’s also the case that in dealing with legal matters such as wills and property transfers that the taxation implications of a particular decision must be fully considered.
Advising on tax matters is a specialised area of personal finance and business support. Much of our business comes from customer referrals however we find that accountants and solicitors would say they use our services for the following reasons:
- Timely response to their queries and the provision of clear, effective and commercially sound tax solutions.
- At times the required level of tax knowledge or resources may not be available in their own organisation.
- The requirement for a second opinion on a particular area of taxation.
- Implementation of a specific tax plan for their client.
- Need to check whether a client will qualify for a particular tax relief or not.
Using the specialist services of the Tax Man means providing greater value to your clients by enhancing the tax service offered by your practice.
Here are a few examples of the types of situation we deal with on a regular basis:
- We prepare TaxPlans providing an in-depth analysis of current and future taxation opportunities from a personal, business and family perspective.
- Farmers considering retirement or selling/transferring the farm. What’s the most suitable way of doing this and how might a particular option affect entitlement to retirement relief, agricultural or business relief? Would it make more sense to operate the farm as a company?
- Business owners selling or transferring the business to children.
- Marital breakdown, covering separation and divorce.How formal and informal arrangements affect the reliefs available to each party covering, stamp duty, income tax, capital gains tax and capital acquisition tax.
- Pensions and retirement planning; what is the most appropriate solution for you? As a proprietary director of a company, there are enhanced retirement options available to you.
- Managing historic tax liabilities or dealing with undeclared income exposures. What is the best way to engage with the Revenue? There can be significant savings (from tax penalties) available which depend on how and when you begin making contact with Revenue.
- A Revenue audit of your personal or business affairs is planned. The next steps you make can be vital from a tax liability and tax penalties perspective.
- People want to sell an asset or an investment in a tax-efficient manner.