Business Plus | Tax Advisors

Head of Tax, Bryan Farrell recently featured in Business Plus discussing the future of M&A activity, and tax policies and incentives.

Activity

We are seeing increased activity in the Mergers & Acquisitions space over the past 12 to 18 months. Through our international client base, we have been advising on many cross-border and domestic acquisitions from both the buy and sell sides.

We have been involved with the tax due diligence process through identifying and quantifying material tax issues, and advising on the structuring of those acquisitions. With this growth we continue to add to the tax team, with further additions planned at trainee and qualified levels. There is also a steady flow of new FDI and accompanying tax registrations.

Tax policy

We feel it is imperative for the FDI and indigenous sectors to work in tandem and complement each other.

Tax policy must consider not only the impact of proposed changes on the FDI sector but also the indigenous sector to foster that cooperation and innovation across various industries.

Tax incentives

There is an emphasis on pension planning for owner-managers with the recent changes to the PRSA rules. With effect from January 2023, employer contributions to an employee’s PRSA are no longer subject to BIK, and limits linked to salary and service levels have been removed.

Clients are keen to understand the opportunities presented by these changes for themselves, their businesses and their families.

With the increased activity in the Mergers & Acquisitions space, we continue to advise clients on maximising their CGT reliefs, in particular entrepreneur relief and retirement relief.