Tax strategy

Tax Planning

Established in 2017, IWN Group Tax Department is an in-house team of AITI qualified tax advisors specializing in tax planning services. Our expertise enables us to quickly identify and implement tax efficiencies for both personal and commercial partners.

Corporate Structures & Partnerships

Choosing the right corporate structure depends on factors like tax implications, legal entity, ownership, and liability. Our consultants can help you determine the best corporate structure to grow your business. Partnerships allow you to combine capabilities and resources, fostering a more successful enterprise. We advise on bespoke partnership arrangements for all business sectors to ensure transparency and tax efficiency.

Indirect Taxes

VAT, customs duties, and environmental taxes are increasingly burdensome for Irish companies. We can help manage these taxes efficiently, identifying potential savings and avoiding interest and penalties. Relevant Contract Tax (RCT) may apply if your business subcontracts work, requiring you to withhold RCT from payments to contractors. Compliance with RCT procedures is crucial, as non-compliance can be costly. We advise on RCT compliance, assist with reporting and filing, and provide refunds of withheld RCT.

Capital Gains Tax

When selling capital assets, we help our partners minimize the capital gains tax payable by identifying and utilizing legitimate strategies. We assist in managing the crystallization of capital losses to offset future capital gains and identify business assets eligible for the entrepreneur’s capital gains tax exemption. Our specialists can also advise on effective asset transfers to the next generation, using appropriate reliefs and exemptions.

VAT

We analyze VAT compliance to mitigate potential VAT risks, especially for partners unable to fully recover VAT. Our specialists offer advice on VAT compliance, including pre-audit reviews, in both Ireland and overseas.

Professional Advice on Family Business

Family businesses are crucial to the British and European economy. We understand that balancing personal and financial management is key to their success but also presents inherent risks. We help minimize these risks by advising on strategic planning aspects, including remuneration, expansion, financing, and ownership transfer. Our comprehensive succession planning service focuses on long-term tax-advantaged growth.

Commercial Mediation

Mediation is often the most cost-effective way to resolve commercial disputes, avoiding lengthy and costly litigation. The initial mediation process is confidential and non-binding, aiming to resolve disputes through a binding settlement agreement. Our experienced mediators act as neutral third parties, examining the issues in dispute and proposing practical solutions for all parties.

Incorporation

Deciding to incorporate involves analyzing personal, financial, and business circumstances thoroughly. Incorporation can reduce current tax risks by maximizing your 12.5% corporate taxable income. We advise on converting sole proprietorships into limited companies and help understand regulatory and legal issues to maximize benefits for your business and yourself.

Tax Planning for Employers and Employees

Employee motivation is crucial for business success. We help partners identify the most tax-efficient incentive and reward packages. Share incentive schemes offer a tax-efficient way to reward key employees without impacting cash flow negatively. We advise on the appropriate levels of employee share awards and tax-efficient structuring of remuneration packages, including salary, pensions, allowances, and other benefits.