Taxation Services

Effective tax mitigation planning must always take account of the big picture and your overall wealth plans.

It takes passion, perseverance and drive to create wealth. We understand this and our aim with all our clients, is to support them in achieving this – every step of the way.

It’s important to take time-out to reflect upon your wealth and tax position.

Our interactive facilitated Tax Review Service enables you do just this with us, in an innovative way.

We also provide tax compliance services under each tax head and offering a vast range of tax planning offerings.

Whether you are at the beginning of your business journey or ready to walk away into the sunset, RDA Accountants Limited can provide the necessary expertise to ensure your tax affairs are managed efficiently

Personal Tax

RDA are renowned for our service in the area of personal tax compliance. We don’t simply compute your tax liability; we proactively consider any possible planning opportunities that could minimise your tax exposure going forward.

Our Tax team assist clients in organising their taxation affairs in a manner that is both tax efficient and commercially sensible

The range of tax services we provide include:

  • Advising on all aspects of employment taxation, including tax efficient remuneration packages, share incentive schemes and benefits-in-kind
  • Providing advice on the tax implications of investments such as property and shares
  • Advising on tax based investments and the restrictions on “specified reliefs” for high earners introduced in the Finance Act 2006
  • Advising on taxation for wealth accumulation strategies for business proprietors and investors
  • Advising on the tax implications of transferring assets (e.g. the family business) to the next generation
  • Advising on the tax implications of moving to or from Ireland, including the implications of acquiring or losing Irish tax resident status
  • Revenue investigations and audits
  • Property – domestic and international taxation
  • Marital Breakdown tax implications

Corporate Tax

The Corporate Tax Consultancy team aim to reduce the total corporation tax liability for our corporate clients by taking a comprehensive approach to their tax affairs. Our philosophy is to understand our client’s business in order to provide tax solutions which are practical, have short and long term benefits and are relevant to the client.

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 optimise the benefits for you and your company.

The range of Corporate Taxation Services we provide to our corporate clients includes advice on:

  • Maximising the 12.5% corporate tax rate
  • Ensuring that full benefit is obtained for tax deductible items, including capital allowances and interest paid
  • Structuring finance arrangements to maximise tax relief’s
  • Group Structures and Company Reorganisations
  • Mergers & Acquisitions
  • Restructuring prior to a sale to maximise after tax return
  • Pension planning
  • Tax efficient cash extraction
  • Tax efficient remuneration packages for executives including share option schemes
  • Business Start Ups
  • Revenue Investigations and Audits
  • R&D tax credit claims

VAT

Our experience at RDA shows us that VAT is often the most significant tax cost for many organisations, not only for businesses but also for the public sector and other not for profit organisations.

Indeed Revenue investigations and Revenue audits of VAT compliance often result in large settlements payable.

At RDA our team of Tax Consultants provide VAT planning services on a wide range of issues which include:

  • Comprehensive VAT Compliance Services
  • Detailed VAT healthchecks to review potential savings, increase efficiencies and reduce interest and penalties exposures
  • VAT Cash Flow management
  • Determining strategies to ensure maximum VAT recovery for exempt/partially exempt bodies
  • VAT on all property transactions including leases
  • VAT on imports/exports of goods or services
  • Revenue Audit Management Services
  • Bad Debt Relief
  • VAT on Cross Border Activities

Tax Planning

We adopt a proactive and commercial approach to your tax planning. We ensure that taxation advice is not given in a vacuum and that it takes account of personal circumstances, the economic and business context and is specifically designed to achieve your long-term objectives.
Our close relationships with our clients allow us to get to know their business, their business plans and any personal aspirations so that our advice is completely relevant to our client’s commercial needs and objectives. While our experienced Tax Consultants have the knowledge and expertise to advise individuals and businesses on all areas of Irish taxation.
We advise on all aspects of taxation to facilitate the needs of both corporate and individual clients. Our Services include:

  • Formulation of commercially viable succession plans which allow for the clients wishes to be met while at the same time reducing any tax burden arising as a result.
  • The use of all available reliefs in relation to the sale of business property or any other capital assets in order to minimise any Capital Gains Tax payable on the sale.
  • The CGT free transfer of a sole trader’s business to a limited liability company to avail of the benefits of limited liability, lower corporation tax rate and increased pension options.
  • Review of the Capital Acquisitions Tax implication of any gift or inheritance, the use of all available CAT reliefs to reduce liability arising on same and the timely filing of any required Revenue Returns.
  • The minimisation of any Capital Acquisitions Tax arising on the passing of business assets or private trading companies to the next generation through the use of all available reliefs.
  • In the case of marital disputes, we will advise on the most tax efficient division of family assets.
  • Minimisation of the corporation tax charge and the close company surcharge through the full use of all available credits and reliefs.
  • Review of Business activities with regards to possibly claiming Research & Development tax credit.
  • The implementation of group corporate structures to maximise the use of any available corporation tax losses.
  • The reorganisation of existing group corporate structures for commercial, family or tax reasons.
  • Annual remuneration planning to ensure maximum tax efficient salaries are extracted by company directors and shareholders
  • The preparation of cash extraction reports for company directors and shareholders to include cash extraction strategies for the immediate, medium and long term.
  • Retirement planning,  Our sister Company RDA Wealth Limited provide all the information on how to access your pension and plan for your retirement please visit our website for retirement planning arfireland.ie
  • VAT and PAYE reviews of business operations to ensure all filing and regulatory obligations are being met.
  • Assistance with VAT planning, registration and administration
  • Advice in relation to consequences of group VAT registration.

Tax Review

Our tax review service is tailored to suit your needs and consists of a series of meetings that start with an introductory meeting where we scope with you a programme to suite what you want. The service provides you with the following benefits:

  • Fresh focus and feeling like your feelings on tax are being considered
  • Greater awareness of your tax position
  • Focus upon any areas of concern
  • To hear proactive ideas
  • Includes high-tech interactivity
  • Delivers a copy of each meeting
  • A chance to experience how we operate without necessarily having to change accountants
  • A valuable series of experiences leading to enhanced focus on tax mitigation

Our Full Range of tax review services includes;

  • Exploratory discovery and re-energizing meetings
  • Annual primary strategic objectives reviews
  • Management meeting attendance
  • Profit improvement planning
  • Key performance management
  • Payroll services
  • Funding and cash flow advice
  • Business structures planning
  • Risk management
  • People and culture planning
  • Business valuations
  • Succession planning
  • Mergers and acquisitions
  • Wealth and estate planning
  • Tax planning – corporate and personal

Succession Planning

Being a business owner involves dedication and no small amount of passion and is often a life-long commitment. It takes perseverance, vision and drive to create a valuable business.

However, at some stage you will need to withdraw the value from your business and plan to exit. We understand this and our aim is to support you in achieving this.

To feel more in control of your own destiny it is vital to have a clear plan to eventually exit and withdraw the value you have created and how you can achieve this in a sustainable way. It’s important to take a little time-out, to build a clear succession plan, probably several years before your planned transition or exit.

Our strategic succession support service is tailored to suit your needs and consists of a series of meetings that start with an introductory meeting where we scope with you a programme to suite what you want.

Our full range of services in this area include;

  • Business structures planning
  • Risk management
  • People and culture planning
  • Business valuations
  • Succession planning
  • Mergers and acquisitions
  • Wealth and estate planning
  • Tax planning – corporate and personal

Personal Tax

RDA are renowned for our service in the area of personal tax compliance. We don’t simply compute your tax liability; we proactively consider any possible planning opportunities that could minimise your tax exposure going forward.

Our Tax team assist clients in organising their taxation affairs in a manner that is both tax efficient and commercially sensible

The range of tax services we provide include:

  • Advising on all aspects of employment taxation, including tax efficient remuneration packages, share incentive schemes and benefits-in-kind
  • Providing advice on the tax implications of investments such as property and shares
  • Advising on tax based investments and the restrictions on “specified reliefs” for high earners introduced in the Finance Act 2006
  • Advising on taxation for wealth accumulation strategies for business proprietors and investors
  • Advising on the tax implications of transferring assets (e.g. the family business) to the next generation
  • Advising on the tax implications of moving to or from Ireland, including the implications of acquiring or losing Irish tax resident status
  • Revenue investigations and audits
  • Property – domestic and international taxation
  • Marital Breakdown tax implications

Corporate Tax

The Corporate Tax Consultancy team aim to reduce the total corporation tax liability for our corporate clients by taking a comprehensive approach to their tax affairs. Our philosophy is to understand our client’s business in order to provide tax solutions which are practical, have short and long term benefits and are relevant to the client.

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 optimise the benefits for you and your company.

The range of Corporate Taxation Services we provide to our corporate clients includes advice on:

  • Maximising the 12.5% corporate tax rate
  • Ensuring that full benefit is obtained for tax deductible items, including capital allowances and interest paid
  • Structuring finance arrangements to maximise tax relief’s
  • Group Structures and Company Reorganisations
  • Mergers & Acquisitions
  • Restructuring prior to a sale to maximise after tax return
  • Pension planning
  • Tax efficient cash extraction
  • Tax efficient remuneration packages for executives including share option schemes
  • Business Start Ups
  • Revenue Investigations and Audits
  • R&D tax credit claims

VAT

Our experience at RDA shows us that VAT is often the most significant tax cost for many organisations, not only for businesses but also for the public sector and other not for profit organisations.

Indeed Revenue investigations and Revenue audits of VAT compliance often result in large settlements payable.

At RDA our team of Tax Consultants provide VAT planning services on a wide range of issues which include:

  • Comprehensive VAT Compliance Services
  • Detailed VAT healthchecks to review potential savings, increase efficiencies and reduce interest and penalties exposures
  • VAT Cash Flow management
  • Determining strategies to ensure maximum VAT recovery for exempt/partially exempt bodies
  • VAT on all property transactions including leases
  • VAT on imports/exports of goods or services
  • Revenue Audit Management Services
  • Bad Debt Relief
  • VAT on Cross Border Activities

Tax Planning

We adopt a proactive and commercial approach to your tax planning. We ensure that taxation advice is not given in a vacuum and that it takes account of personal circumstances, the economic and business context and is specifically designed to achieve your long-term objectives.
Our close relationships with our clients allow us to get to know their business, their business plans and any personal aspirations so that our advice is completely relevant to our client’s commercial needs and objectives. While our experienced Tax Consultants have the knowledge and expertise to advise individuals and businesses on all areas of Irish taxation.
We advise on all aspects of taxation to facilitate the needs of both corporate and individual clients. Our Services include:

  • Formulation of commercially viable succession plans which allow for the clients wishes to be met while at the same time reducing any tax burden arising as a result.
  • The use of all available reliefs in relation to the sale of business property or any other capital assets in order to minimise any Capital Gains Tax payable on the sale.
  • The CGT free transfer of a sole trader’s business to a limited liability company to avail of the benefits of limited liability, lower corporation tax rate and increased pension options.
  • Review of the Capital Acquisitions Tax implication of any gift or inheritance, the use of all available CAT reliefs to reduce liability arising on same and the timely filing of any required Revenue Returns.
  • The minimisation of any Capital Acquisitions Tax arising on the passing of business assets or private trading companies to the next generation through the use of all available reliefs.
  • In the case of marital disputes, we will advise on the most tax efficient division of family assets.
  • Minimisation of the corporation tax charge and the close company surcharge through the full use of all available credits and reliefs.
  • Review of Business activities with regards to possibly claiming Research & Development tax credit.
  • The implementation of group corporate structures to maximise the use of any available corporation tax losses.
  • The reorganisation of existing group corporate structures for commercial, family or tax reasons.
  • Annual remuneration planning to ensure maximum tax efficient salaries are extracted by company directors and shareholders
  • The preparation of cash extraction reports for company directors and shareholders to include cash extraction strategies for the immediate, medium and long term.
  • Retirement planning,  Our sister Company RDA Wealth Limited provide all the information on how to access your pension and plan for your retirement please visit our website for retirement planning arfireland.ie
  • VAT and PAYE reviews of business operations to ensure all filing and regulatory obligations are being met.
  • Assistance with VAT planning, registration and administration
  • Advice in relation to consequences of group VAT registration.

Tax Review

Our tax review service is tailored to suit your needs and consists of a series of meetings that start with an introductory meeting where we scope with you a programme to suite what you want. The service provides you with the following benefits:

  • Fresh focus and feeling like your feelings on tax are being considered
  • Greater awareness of your tax position
  • Focus upon any areas of concern
  • To hear proactive ideas
  • Includes high-tech interactivity
  • Delivers a copy of each meeting
  • A chance to experience how we operate without necessarily having to change accountants
  • A valuable series of experiences leading to enhanced focus on tax mitigation

Our Full Range of tax review services includes;

  • Exploratory discovery and re-energizing meetings
  • Annual primary strategic objectives reviews
  • Management meeting attendance
  • Profit improvement planning
  • Key performance management
  • Payroll services
  • Funding and cash flow advice
  • Business structures planning
  • Risk management
  • People and culture planning
  • Business valuations
  • Succession planning
  • Mergers and acquisitions
  • Wealth and estate planning
  • Tax planning – corporate and personal

Succession Planning

Being a business owner involves dedication and no small amount of passion and is often a life-long commitment. It takes perseverance, vision and drive to create a valuable business.

However, at some stage you will need to withdraw the value from your business and plan to exit. We understand this and our aim is to support you in achieving this.

To feel more in control of your own destiny it is vital to have a clear plan to eventually exit and withdraw the value you have created and how you can achieve this in a sustainable way. It’s important to take a little time-out, to build a clear succession plan, probably several years before your planned transition or exit.

Our strategic succession support service is tailored to suit your needs and consists of a series of meetings that start with an introductory meeting where we scope with you a programme to suite what you want.

Our full range of services in this area include;

  • Business structures planning
  • Risk management
  • People and culture planning
  • Business valuations
  • Succession planning
  • Mergers and acquisitions
  • Wealth and estate planning
  • Tax planning – corporate and personal

George Skelton

CTA, ACA, MBA Tax Manager

LinkedIn

George Skelton is a Chartered Accountant and Qualified Tax Consultant with experience providing accounting and tax services to individuals, small and medium sized companies, charitable organisations and large multinationals. He obtained a Masters in Business and Accounting before completing all professional exams for the Irish Taxation Institute and the Institute of Chartered Accountants Ireland during his time with Price waterhouse Coopers. He has also worked with Grant Thornton Ireland as a Tax Specialist before returning to Wexford to take up a similar role with RDA Accountants Limited. His areas of expertise include succession planning, corporate and group restructuring and tax efficient cash extraction.

The range of Tax Services we provide include

  • Personal Tax
  • Corporate Tax
  • Consultancy
  • VAT
  • Capital Gains Tax
  • Capital Acquisitions Tax
  • RCT & Sub-Contractors
  • R & D Tax Credits

If you want to know more then please

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