Many Irish businesses have been on a roller-coaster journey over the past decade, experiencing the highs of the Celtic Tiger and the lows of deep recession. As Ireland moves into the recovery phase, new issues will present themselves to Ireland’s legion of family businesses, which will require insightful tax advice.
Speaking about the new book, Bernard Doherty, President of the Irish Tax Institute said, “The Irish Tax Institute is delighted to be publishing this excellent book from Mike Gaffney, who is one of the country’s top tax advisers. SMEs and family businesses are the backbone of this economy. The forthcoming Budget, and indeed the Budgets of the next three years, are critical to the success of the family business in Ireland. The time has come to give our full attention to the thousands of Irish family businesses out there that can become the star performers of tomorrow.”
With a foreword by Richard Curran, Deputy Editor of the Sunday Business Post and presenter of RTE’s Dragon’s Den, Tax Advice for Irish Family Businesses will be helpful to everyone, from the recent start-up operating as a sole trader, to family firms that have been up and running for years. It also has valuable insights for those who may feel intimidated by the complexity of issues around taxation. Its ten chapters are organised around ten fundamental issues that arise for people involved in running or advising a family business. It covers a lot of ground in relatively few pages – from the basic issue of transferring a business to a company, right through shareholders’ agreements, to employees and passing on the business.
Speaking about the new book, Michael Gaffney said, “I hope that Tax Advice for Irish Family Businesses is helpful to business owners who aren’t financial experts and those who advise private Irish businesses. It won’t remove the need to get tax advice, but it should help you to understand the problems and solutions.”
Úna Maguire, Director of Professional Services at the Irish Tax Institute, said, “This new publication is a very important addition to our suite of publications. With over 30 legislation and commentary titles in print, the Irish Tax Institute is committed to innovation and quality in delivering essential tax information. Tax Advice for Irish Family Businesses is an essential guide for all those involved in a family business and those advising them. It is another tour de force from Michael Gaffney.”