Co-ownership changes – land sales rules

IS 22/03 is a good read for those of you advising on the potential application of the various land taxing rules (particularly bright-line) to co-ownership changes with respect to a land title, including changes to the trustees of a trust. I suspect most of us already appreciate with respect to the latter, that a trustee […]

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A Week In Review- Gilligan Sheppard

GST & finance leases Inland Revenue (IR) has published IS 22/02, which is an interpretation statement providing guidance surrounding issues of time of supply and value of supply for GST purposes, once it has been determined that a finance lease exists. The document is 54 pages in length and commences with a basic summary of […]

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CCK Strategies, PLLC – Celebrating our anniversary

We are more than a CPA Firm. We are strategic advisors helping you to grow your business. When we talk about being GREAT, it applies to our actions and relationships within CCK as well as with our clients. At CCK, we believe a true “corporate culture” is perpetuated through the complete participation of all. It […]

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AWIR: A week in review

Government targets 39% avoidance Perhaps thinking that they’ve now done enough damage to the residential property investment market via interest deduction restrictions, loss ring-fencing and increased bright-line periods… the Government has now moved its focus to all you tax avoiders out there who have nothing better to do with your businesses in the challenging environment […]

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Vast majority of businesses unaware of impeding MTD deadline

There is now less than a month before Making Tax Digital (MTD) compliance starts to be mandatory for VAT returns, it is, to put it mildly, concerning.  If you are a VAT-registered business with an annual turnover less than £85,000 you must implement MTD from 1st April 2022.  A study by QuickBooks (other accounting software providers are […]

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Expansion to Ireland – advice for owners

For owner-managed business, growth can be complex. Businesses need to ensure they have the right structures in place as they look to grow. This includes providing the appropriate resources and maximising their tax efficiencies. Holding company structure as many advantages to businesses, particularly at the expansion stage of the business life cycle. When the business […]

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Covid-19 related costs & deductibility issues

It’s an understatement to say that the past two years have been a tough ride for a number of businesses, and some will clearly have incurred types of expenditure which would be categorised as unusual or abnormal, in an attempt to survive the current environment. Inland Revenue has now acknowledged the present scenario, and that […]

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