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No, I'm a good deal less than 55 and they are not being made redundant. My accountant thinks we will have to pay the CGT, however, some else told me of some ways to at least avoid it for now, by keep it in a holding company, but of course that is by basically not realising the gain. Gambling...

I have an offer to purchase my business at the moment. Its by no means certain it will go through but I have started to wonder about the CGT side of things. I have two questions, 1. Is there any way I can limit my exposure to CGT. As I understand it I would have until October to file my CGT...

Hi Mandelbrot, I don't think it is a nonsense question, we turn over about 700 to 800 k and having gone through the paperwork and calculations the R&D amount is running at about 350k. Its simply that this seems to be a very high percentage to me. In previous years I didn't really...

Hi Paddy, Do you mind letting me know, what sort of % of the companies salaries was claimed as R&D? Roughly speaking.

Hi Paddy, Thanks for the answers. I guess that where my problem lies, with software development, almost every project has some element of experimental development, and with the type of work we do there is mostly a doubt over the possibility of completing in the project as set out. Its...

Actually, I don't think thats the case. The revenue document states: Experimental development means, "work undertaken which draws on scientific or technical knowledge or practical experience for the purpose of achieving technological advancement and which is directed at producing new, or...

Hi, I am trying to work out our numbers for the R&D tax credit for 2011. As a small software company it seems like almost everything we do applies. I was under the impression that work we do as services would not be covered but that does not appear to be the case, as the revenue document...

Not yet, I am asking my accountant but he is still away on Holiday.

I am getting some building work done and the builder has suggested I put some of it through my business as I am including a home office in the work. He suggests this is all above board but I am not sure. Is it legal? I can't find any reference to it on the revenue.ie site.

THanks. This has been our approach from day one and we will be giving them another 20k or so this month. We have paid about 250k in total in 2010.

Thanks for the Advice. We are currently pursuing both the options mentioned. Also, we are dealing with the Collector General. I spoke to an ex-Senior Tax Inspector this evening and they informed me that there is no point in talking to the Collector General about business viability. They...

Hi, My business has had an arrears plan with Revenue for the past 13 months. Basically last year we were not paid for some work and had to take legal action against a client. As a result cashflow was destroyed and we fell 8 months behind on VAT and 6 months on P30s, a total of 127k...