The Essentials of Incorporation Relief for Sole Traders

08/10/2024 13 min Episodio 32
The Essentials of Incorporation Relief for Sole Traders

Listen "The Essentials of Incorporation Relief for Sole Traders"

Episode Synopsis

Thank you to Amicus: Search and Recruitment for Sponsoring this episode. To find your next Finance or Accounting Role, head to https://amicus.ie/ and tell them that we sent you!*****In this episode, Paula talks about the tax implications of when a sole trader incorporates.Topic Outline:The Concept of Incorporation ReliefDefinition: Transition from sole trader to limited companyImportance: Practical implications in taxation and examinationsTax Heads Involved in IncorporationIncome TaxCorporation TaxCapital Gains Tax (CGT)Stamp DutyCapital AllowancesValue Added Tax (VAT)Thank you for listening to Study For Tax in your Coffee Break! If you enjoyed the episode, make sure to leave a rating and review on your Podcast platform and share it with others to let them know you enjoyed the podcast.Click here to grab your ideal audio revision material for Tax Conditions for this year.Thank you to Matthew Bliss for editing and production of this episode. If you'd like him to edit your podcast, send an email to [email protected] or head to https://www.mbpod.com/.