WIth the upturn in the Irish economy, many small businesses are looking to scale up their operations. This is a very positive trend; however, it does mean greater tax obligations for businesses. As a business grows, tax takes on increasing importance, both when it comes to ensuring that all tax-compliance obligations are met and for ensuring that the business is using all available tax reliefs. One of the most important decisions for a business to make is when to incorporate; that is, whether to go from being a sole-trade business to a company.
Click here to see our article published in Fora.ie which outlines some of the main considerations in deciding whether to operate a business through a company.