Proper tax planning and advice to avoid tax penalties, surcharges and interest is critical for business.

This should incorporate the tax implications of all business decisions including:

• Employee/director remuneration and owner drawings and the tax amounts on these.

• Pension contributions and pension planning.

• Employment of family members.

• Vat issues on trading purchases & sales as well as on property transactions.

• Corporation tax issues including availing of reliefs including exemptions for newly formed eligible companies, research & development credits etc.

• Availing of specialist reliefs in particular situations such as PRSI exemption schemes etc.