When buying and selling assets including the sale or acquisition of a business it is important to seek tax advice early in the process. Duffy Tax have extensive experience in the acquisition and disposal of assets and businesses. Our experience includes advising on the correct structure, negotiating the deal, securing bank funding, outlining the optimum tax consequences of the disposal or acquisition and performing due diligence on the business to be acquired. We guide our clients from the initial stages to finalising the deal with our clients best intentions to the forefront in everything we do.

We also specialise in the transfer of family businesses to the next generation. We understand that this is a difficult process and we are conscious of the complexities of families. We work with business owners in ensuring that they can make the transition to the next generation in the most tax efficient manner possible while balancing their own needs and those of the family.

With the obligations that are placed on Irish taxpayers to remain tax compliant in a system that is constantly changing we at Duffy Tax specialise in assisting our clients with the preparation and submission of Tax Returns.

We also use this as an opportunity to asses the if there is any opportunities to implement tax planning ideas to decrease tax liabilities.

Estate planning is one of the most important steps a person can take to ensure that their final property and health care wishes are honoured. It is planning the transfer of assets to loved ones.

Duffy Tax will assist in helping the individual plan for the future in the most tax efficient way. We provide support and advice in the completion of Inheritance Tax and Gift Tax Returns, claiming reliefs and liaising with the Revenue Commissioners to ensure that the returns are made in a timely and accurate fashion.

Duffy Tax takes care of the complete Revenue Audit process from dealing with Revenue queries to  managing Revenue audits and investigations. We perform pre audit reviews, resolve technical tax issues , prepare voluntary disclosures and where necessary reach negotiated settlements with Revenue. This reduces stress and allows you to continue to run your business. Where it is merited we will assist in an appeal to the Revenue Commissioners in respect of an assessment to tax. This is a complex and detailed process that requires expert knowledge and we will guide you through this process right up to sitting in front of the Appeals Commissioner and putting your case to the Appeals Commissioners.

You should contact us if you have been selected for an audit, have a concern with regard to a potential tax issue or you are currently undergoing a Revenue Audit and would like a second opinion. If you have been assessed to tax unfairly or incorrectly then please contact us with a view to making an appeal to the Appeal Commissioners.

We regularly advise employers on the tax efficiency in regards to termination payments, redundancies, settlement payment or compromise.

Starting up or expanding a business can be a lot of work but the more you plan the more likely you are to achieve your goals.

We can assist you with everything from advising on whether you should operate your business as a limited company, partnership or sole trader, to completing tax registration procedures with the Revenue Commissioners. When you are in expansion phase we can assist with ensuring you have the correct corporate structure for your business. We also advise on Research and Development tax relief and have experience of dealing with Revenue in the review of Research and Development claims. We also provide advice on specialised tax incentives such as EIIS and the newly introduced KEEP scheme.