CPDStore Ireland

July 06, 10:00

Succession Planning for Business Owners

Speaker: Michael O’Scathaill – Crowe Ireland

For privately owned businesses, the matter of succession planning will eventually rear its head and can be one of the more challenging issues for SMEs with the interests of a number of parties – including the retiring owners, their family and the business itself – to consider. This session will feature a discussion of the main tax and commercial issues that should be considered including an overview of the key tax reliefs that may be applicable. It will consider both a transfer of the business to the next generation and a third-party sale, and will look at how the proceeds of any sale might be managed tax-efficiently. The broader issue of how business assets, proceeds of sale and investment and other assets might be transferred to the next generation in a manner that is both tax-efficient while taking account of the interests of all parties will also be considered. On attending this course, attendees should have a good understanding of the key tax issues and reliefs relevant to this area as well as an overview of some of the main non-tax issues to consider.

In this session Michael O’Scathaill will cover the following topics;

• An overview of key tax reliefs in this area including Retirement Relief, Entrepreneur Relief, Business Assets Relief and Agricultural Relief.
• A look at some more complex structures that can be put in place to facilitate a tax-efficient disposal of a business, including the use of personal holding companies and equity structures that facilitate the introduction of family members as shareholders at an earlier stage.
• The major commercial issues that should be considered in the context of a transfer of the business to the next generation or its sale.
• The use of family partnership structures and family holding companies to hold investment assets.
• Structures and strategies for minimising inheritance tax or lifetime transfers of assets.

By attending this session, you will get a good understanding of the main tax and commercial issues that should be considered in the context of a business exit. You should leave the session with a good understanding of the key tax reliefs in this area and how they may apply either to a transfer of the business to the next generation or to a sale of the business, as well as an appreciation of more complex structures that might be put in place to improve the tax and commercial outcomes. You should also get a good overview of some structures to facilitate the transfer of wealth, either in the disponer’s lifetime or on death, in a tax-efficient manner.

The session will be of particular interest to professionals in the tax, corporate finance and business advisory sectors who advise clients on how to structure their business with a view to facilitating its disposal in a tax-efficient manner and to professional advisors who advise on estate planning.

Course Level: Advanced

July 06, 12:10

Cross Border Employment and What You Need to Know

Speaker: Rose Tierney – Tierney Tax Consultancy

Crossborder employment rules have grown in importance since the exponential increase in remote working and working from home. We keep hearing about the digital nomad working on a laptop on a beach, well maybe not on the beach in Ireland – but what about those who have relocated to Ireland and still work remotely for a foreign employer. With more scrutiny from Revenue authorities this is a growing risk area for businesses. This course will deal with the issues to address for employers and employees who work cross border whether that is on this island or internationally.

Rose Tierney will cover the following areas during this session:
• Foreign Employer Registration -Why? When? Differences Treaty Vs Non Treaty Countries.
• Article 15 of Ireland UK Treaty – who gets the relief, who doesn’t.
• Dual Payroll Requirements – how to manage it.
• Article 18 of the Ireland UK Treaty and its interaction with crossborder remote working.
• Tax Residency and Tax Return Filing Requirement for the Employee.
• Other Non Tax Issues with Crossborder Working.

By attending this session, you will understand the triggers for registration requirements, the timelines involved, the other issues arising and the potential need for change.

This session will be of particular interest to tax advisors and accountants who have employees remote working cross borders as well as business owners who have requests from employees to work remotely cross borders.

Course Level: Advanced