• INCOME TAX

This service includes the preparation of income tax returns and tax planning based on accounts prepared. Tax planning is necessary to minimise future income tax liabilities by way of maximising reliefs available and examining all avenues to reduce taxable profit.

• CAPITAL TAXES

Capital Taxes encompasses Capital Gains Tax and Capital Acquisition Tax. Nearly every business/individual in their lifetime will have to consider the implications of these two taxes. Be it selling a business/shares or transferring assets between family members very careful consideration is needed before any course of action is undertaken as it may form the basis of a later computation.

• TAX EFFICIENT INVESTMENT

An individual tax bill can be greatly reduced by making tax efficient off-farm investments. These investments could include pensions/investment in nursing homes, car parks and other tax designated schemes. At McQuinn & Associates we examine all possible areas open for investment for tax efficiency, practicality and rate of return.

• PAYE/PRSI

If one has employees (including family members) there is an obligation to keep records and submit returns for same. We cover all areas of responsibility from registering as an employer to making yearly calculations and returns for PAYE/PRSI. With PRSI rates and tables constantly changing making returns can now be quite tedious and error prone. Combined with this the Revenue Commissioners are now more active in the checking of returns and ensuring all PAYE/PRSI regulations are complied with. As a result it is essential that accurate records are kept and fthat returns are 100% accurate.

• ANALYSIS OF ACCOUNTS

Preparation of accounts for submission to the Revenue Commissioners is only part of what accounts should be used for. Analysis of the accounts by someone who understands the business you are in is vital if a business is to be run efficiently. Having a broad base of graduates working side by side with accountants within the firm ensures that the clients get the benefit of the best range of expertise possible for their business.