DV Mannion Chartered Accountants Galway


Tax planning in downturn

We had the boom and we are now in the bust.
Our clients are learning to cope with the new reality.
Cost cutting and effective cash management are de-rigueur.
Businesses see tax is seen as a major overhead and we can help you to manage that cost.
We can also see continuing tax increases over the not too distant horizon.
We have been advising businesses and individuals on cash flow improvements across all tax heads.
Declining asset values can be seen as estate and succession planning opportunities. If you have assets you need to transfer, taking action now while values and tax rates are relatively low makes sense. A downturn provides a good platform to re-organise assets and reduce future taxes.
Businesses may be inclined to forget about tax in these troubled times. However, there are opportunities to take advantage of.
Cash is king now.
We have advice to improve cash flows for most businesses.
Some tax planning issues are highlighted in the attached links:
• VAT planning
• Corporation Tax planning
• Capital Taxes planning
• Income Tax planning
• Tax based Investments
• Marital breakdown
• Revenue audits & investigations

 


DV Mannion & Co. Chartered Accountants
3 Devon Place, The Crescent, Galway
Tel: (091)586020        Fax: (091)582086        Email: dvm@dvmannion.ie        Web: www.dvmannion.ie