If you are in business as a sole trader, and you are paying tax at the higher rate (41%) you could possible reduce this liability by forming a partnership to increase your tax cut off points.

This could apply to brothers, sisters, spouses, etc.

Partners can combine their tax cut off points (€32,800 + €32,800) = €65,600 at the standard rate instead being assessed seperatly and paying tax at the higher rate.

Contact us for further information

Tel 071 91 47580 Mob 087 419 9204 or email at jason@mcdowellaccountants.ie

Or call into us at 14 Quay Street Sligo.