Guide image: Tips For Business Owners How To Reduce Your Tax Bill.

Tips For Business Owners – How To Reduce Your Tax Bill

Date

November 3, 2021

Time

10:30 am

Duration

60 min.

Vector (4)
Vector (4)
Vector (4)

FREE VIDEO

Learn what expenses you can claim
to reduce your tax bill

We have seen many business owners make common mistakes when it comes to taxes. Due to this, they end up paying more than they should when it comes to filing your annual tax returns. In this video, we will be sharing some tips that can help you to get a larger tax refund.

What
you’ll learn:

  • The different types of business expenses

    A business expense is an expense that is directly related to the running of your business. In this video, we will show you how to check whether an expense can be classified as business related.

  • How to do a motor expense/travel and subsistence calculation

    We’ll talk about examples using a personal car and a company car so you can get professional advice on your situation.

  • Expenses you may not have known you could claim

    For example pre-trading expenses and working from home allowance.

  • Round sum payments

    For example car, fuel, living or rent and travel allowance.

  • Expenses for site-based employees/directors

    Site-based employees are employees that don’t have a fixed base and perform their duties in different locations.

  • The most tax-efficient way to pay yourself as a company director

    We’ll discuss salary, dividends, and pensions as tax-deductible business expenses.

This video is presented by…

Ciara McLaughlin ACA
Ciara McLaughlin ACA

Chartered Accountant

Ciara is a Chartered Accountant (ACA) at Kinore, which specialises in annual accounting services, bookkeeping, tax, and payroll services micro and small companies in Ireland, Northern Ireland and the UK. Ciara works with a team of highly skilled accountants who serve micro and small businesses and ensure their statutory requirements are taken care of. She helps non-financial managers and business owners to understand the financial side of business in a way that is jargon-free and simple.

Frequently
Asked Questions

Our Client Services Team is always happy to help you with any questions. We aim to respond to any queries within 2 hours or chat with us instantly via live chat.
Call us on +353 (0)1 905 9364 or email hello@kinore.com

I have questions about my specific circumstances, can you help?
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You can talk to us one-to-one via video call, email, phone, or live chat – we are committed to a two-hour response time so you can rely on our support when you need it! We aim to make starting and running a business in Ireland as simple and straight-forward as possible.



How do I know if this information applies to me?
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This video is produced for informational purposes only and they may not apply to every situation. For accurate and personalised information, reach out to our Client Services Team now.


 

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