Most people panic when tax is mentioned, they get nervous about having to deal with the taxman. The reputation of Revenue employees being bullies goes back centuries, but it is a misconception. They are humans just like the rest of us and have a job to do to earn their living. It just so happens that his or her job involves something no one likes paying, but if your income is above the tax free allowances, there is no way around it. Or is there?
Everyone Is Different To A Tax Advisor Dublin
A good tax advisor Dublin will tell you that no two peoples circumstances are exactly the same. There are always things, sometimes quite minor, that make the amount of tax one person pays totally different to the amount someone else pays, even though they can appear to have a similar income, or in the case of businesses, similar profits.
Maybe one of them has sought out the advice of a tax advisor Dublin and the other did not bother. With two similar situations, this could make a huge difference to the amount of tax that is due. There are ways to plan decisions and investments that attract tax relief, and a tax advisor Dublin will be able to tell you how to go about utilising these things to your best advantage.
Not anyone can just say ‘I am a tax advisor Dublin’ and start telling people how to arrange his or her finances. It takes qualifications and experience to get matters right, and for the advice to be compliant and effective.
Tailoring Advice
When you have a meeting with a tax advisor Dublin, they will need to understand every facet of your circumstances in order to be able to advise you correctly. Often, tax advice is given by accountants who will have compiled accounts from your business books and records. They may well give advice throughout the year, as some types of tax relief need to be dealt with before the tax year-ends. This is particularly the case for businesses that have management accounts compiled at regular intervals, as then you and the tax advisor can see how the business is performing and if measures need to be taken to reduce the tax liability.
As an individual, a tax advisor Dublin may well suggest contributing to a pension scheme to reduce your tax bills, but there are other things that can be done too. Are you a member of a professional body and have to pay annual fees? Do you have to pay out expenses from your own money that are recognised by Revenue as job related? These are just a couple of suggestions, you really need to speak with a tax advisor Dublin to see if there are ways to lower the amount of tax you have to pay.
The tax advice given will be tailored to suit your situation and will take account of the most current and up to date tax laws.
Making It Simple
A good tax advisor will make the processes of reducing your tax liability simple. You should not have to face all the complications of the tax laws in Ireland, that is their job. Once they fully understand your situation or business, they will be able to advise you on the best way forward.
A good one will talk to you in a plain language that is easy to understand. You can rest assured that if you talk to a Kane Bergin tax advisor the conversation will not be full of technical jargon that loses you.
The Cost Effectiveness of a Tax Advisor Dublin
Some business owners are put off getting help from a tax advisor because they fear it will be too expensive. However, the cost is relative. You have to consider how much they could save you, and generally this is more than they will cost. This is why businesses small and large approach Kane Bergin for tax advice. As a full service company they are also able to help you with:
- Financial Control Services, which includes clear financial planning that will take account of any tax implications.
- Accounts and Auditing to the highest standards.
- Bookkeeping Services. Many more business are realising the benefits of outsourcing their bookkeeping. It not only makes the job less of a mundane task, but when our bookkeepers have completed the job you can be certain that it is in order and compliant. It is then more straightforward for our accountants to compile and audit your accounts.
- Liquidation Services. Every business owner hopes to never have to use a service like this, but unfortunately it does sometimes happen. The Kane Bergin experts will be there to guide you through the processes and try and keep the experience as stress free as possible.
- Being a company secretary can involve a lot of work and headaches to make sure the company stays compliant with Irish laws. Kane Bergin will take this task off your shoulders and have a whole team of people to deal with your company’s matters.
- Payroll Services. Running a payroll gets more complicated every year. The Irish government make changes that have to be complied with, and if they are not fines and penalties can be the result.
These are just some of the services Kane Bergin offer and as any of our current clients will tell you, they are all carried out to the highest standards, while still maintaining a friendly and social atmosphere. We want you to visit us and so will make the experience as painless as possible. To arrange a free assessment of how we can help you why not give us a call on 01 969 6306. If you prefer you can send us an email at info@kanebergin.ie or complete the form on our contact page and we will get in touch with you.