Limited Companies In Ireland: Tax Planning, Pitfalls & Practical Advice With Paul Coffey (Part 2) Taxbytes For Expats podcast

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Limited Companies in Ireland: Tax Planning, Pitfalls & Practical Advice with Paul Coffey (Part 2)

4d ago 23:27

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Creating a Limited Incorporated Company in Ireland couldn’t be easier - but is it the best option for you?

In Part 2 of my chat with Paul Coffey of Coffey Accounts, we talk about the realities of starting a limited company in Ireland. There’s a lot to consider, from tax planning and pensions to avoiding the common misconceptions of what you can and definitely shouldn’t put through the company.

We cover why the structure of a company can bring real consistency (and sanity) to managing tax, the actual tax rates Irish business owners face (it’s not always the 12.5% headline rate) and why proper planning at year-end can make all the difference. We also talk about why buying assets through a company usually isn’t the win people think it is, and how Paul supports clients based on their stage, size and setup.

If you’re already incorporated or thinking about it and want to avoid the admin chaos, this episode shows you how an expert advisor like Paul Coffey can really help you.

Main Topics discussed in this Episode:

Why limited companies offer more planning consistency: Paul explains how regular salary, payroll taxes, and pension contributions make financial planning simpler compared to sole tradership.
How directors can take money out tax-efficiently: From salary and pensions to tax-free vouchers and qualifying business expenses—Paul outlines the legitimate ways to access company funds without triggering surprise tax bills.
The real corporate tax rate for service companies: While 12.5% gets all the headlines, Paul breaks down why most service companies effectively pay a higher corporate tax rate due to surcharges.
Common myths around buying assets through a company: Stephanie and Paul tackle the popular (but risky) idea of putting property or cars through a company—and why it's usually not worth it.
How Paul Coffey supports clients based on their business needs: From quarterly oversight to full management accounts and payroll, Paul outlines the flexible support he offers based on a client’s size, goals, and transaction volume.

Get in touch with Paul Coffey and mention the Podcast when you do!

Email: [email protected]

Phone: +353 086 074 0880

LinkedIn: https://www.linkedin.com/in/paul-coffey-05081535/

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/services-and-pricing/.

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