Icon Accounting - Accounting company in Ireland

Capital Gains Tax is something that you may come across as an individual or as a business, in this blog piece, Cristina explains what it is, how it works, and even what exemptions are available. In its simplest terms, Capital Gains Tax is a tax that arises on the realized profits from the sale of assets (Selling Price – Purchase Price = Profit Taxable for CGT). The rule applies to individuals, companies, trusts, partnerships, and essentially any other entity type that disposes of an asset. If you are currently contracting through an umbrella solution, it is extremely unlikely that you will come across CGT, at least not because of your contract work. There are other individual activities that can also create a CGT liability which we will examine in more detail There is also a growing trend of independent professionals making the switch to their own Private Limited Company in line with the signs of positivity that we are seeing from the sector, if you are considering making the switch, y...

Time Management has always been amongst the most important skills for workers, but never more so than in the last 12 months as effectively managing our time has undoubtedly become more significant. Between juggling work demands, teams’ meetings, home life, home-schooling, a zoom social life, and everything in between - in a time when we have had more time at home than ever, our schedules seem to be fuller than ever before! As a self-employed contractor, one of the most important skills to master and invest in is your time management. Finding ways to focus & segment your time to ensure deadlines are met is a crucial ingredient to your success. If you are new to contracting, this is where we can assist. With a fully dedicated account manager to introduce you to the contracting world as well as a digital and user-friendly portal that streamlines the invoicing, payments, and storage of business documents. We have rounded up some helpful tips to help you to achieve your...