Articles

The Budget & Farm Transfer Taxes/PRSI

Ben Fogarty, Branch Manager, IFAC Accountants, Kilkenny

Considering the exceptional times in which we live the Budget paid some recognition to the role the farming industry can play in restoring the Irish economy, boosting exports and increasing employment. Both the IFA and Macra Na Feirme deserve credit for the manner in which they presented the farming viewpoint in pre-Budget lobbying. The reduction in the stamp …

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Tax Planning – In The Current Climate

Declan McEvoy A.I.T.I., T.E.P., Head of Tax, IFAC Accountants
Whilst recognising that farm income will be down in 2012 one should not lose sight of the Income/Corporation Tax position of the business.

Proper tax planning can help to minimise cash extraction out of the business thus ensuring that the maximum amount of profits are retained.

Preliminary tax payments fall due over the next couple of …

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A Tax Plan – To Support Your Dairy Expansion Investment

Martin Kennedy, Branch Manager, IFAC Accountants, Templemore

As an accountant and a dairy farmer I have experienced planning for dairy expansion from both sides. Pre-planning is vitally important.

The farmer together with his agricultural advisor/consultant should prepare the information for the 5 year projection of annual profits which will include a sensitivity analysis taking into account the impact of milk price fluctuations and input price …

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Budget 2013 – Saving Guide for Farmers

Declan McEvoy A.I.T.I., T.E.P., Head of Tax, IFAC Accountants and Martin Kennedy, Branch Manager,Templemore, highlight areas where planning ahead could save you money

INCOME TAX

The income tax rates and tax bands together with income tax credits have, in the main, remained unaltered. This article is not meant to be a blow-by-blow account of what the Minister announced, rather it will highlight areas where planning …

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