Succession planning can mean many things to different people ranging from “should I make a Will” to somebody who consciously considers the range of tax reliefs available and proactively looks at passing assets to the next generation.
How to safeguard your income against any illness or injury.
Income Protection is a policy that pays you a portion of your income in the event you are unable to work due to illness or injury and covers you until you are either fit to return to work or reach retirement age. Income Protection is widely considered the most valuable protection policy one can have due to the frequency of claims and average payout.
Since 1 January 2021, the UK is no longer a part of the EU’s Single Market and Customs Union, which has implications around VAT for businesses operating in the Republic of Ireland that import from the UK. The Irish government has introduced a facility called postponed VAT accounting for VAT registered businesses to avoid the payment of import VAT at the point of entry.
This new measure allows you to record the VAT on your VAT return rather than paying it at the point of entry into the State but will not apply to goods brought in from Northern Ireland.