The Companies Registration Office have just issued a notice stating that from 1 May 2011 companies with more than €150 of issued share capital will not be able to avail of voluntary strike off. Such companies will instead need to be liquidated which is a more costly and complicated procedure. From 1 May 2011 a [...]

Since starting the blog I’ve received numerous queries by email as well as those posted in the comments section. For some queries, it was necessary to reply by email to request more information and to protect the privacy of the person asking the question. As suggested by Sean’s comment, I’ve compiled a list of the [...]

Anyone who is planning their retirement has numerous considerations on their mind – can a family member take over the business, when can I afford to retire, how will I occupy my time after retirement? The tax considerations can be well down the list of priorities. Yet, tax planning for retirement needs to take place [...]

If you are one of the many directors in the unfortunate position of having to close down your company, you may be wondering how you go about it. In general there are there are two ways a company can be dissolved – by strike-off and by liquidation – with strike-off being more straightforward and relatively [...]

Many businesses are facing decreased turnover levels and are considering deregistering for VAT. Are there any clawbacks of VAT previously claimed? This depends on whether the business elected to register for VAT. A business can elect to be registered for VAT even though turnover is below the thresholds for registration. A business which elected to [...]