Tax compliance and planning

At OCKT Chartered Accountants based in Kerry our tax team provide a wide range of services from routine tax compliance work to innovative tax planning solutions for individuals and businesses where we offer practical and direct advice.  Our primary aim is to ensure our clients remain tax compliant while minimising tax exposures by utilising tax reliefs and shelters where appropriate.

Our tax consultancy, compliance and planning services include:

  • Business tax
  • Personal tax
  • Taxation of Estates
  • Payroll tax
  • VAT
  • Relevant contract tax

Business tax

Companies are required to complete on time a number of tax returns.  We will ensure that you are guided through this process.  Our team will advise on any queries you may have in respect of your company’s Preliminary Tax Obligations and C.T., V.A.T., P.A.Y.E., D.W.T., C.G.T., and any other returns that fall due.

At OCKT we believe we can make a difference in relation to business tax planning.  Our aim is to clearly understand each client’s unique circumstances which will allow us to utilise our experience and knowledge to implement plans and structures to minimise tax. 

We advise on:

  • Group structures and corporate restructuring
  • Employment, termination and remuneration issues
  • Buying and selling a business
  • Maximising capital allowance claims
  • Research and Development
  • Renewable energy
  • Intellectual property and patents
  • Retirement and estate planning
  • Tax efficient cash extraction

Personal tax

Our professionals advise a high number of individuals, sole traders and partnerships.  We will compute your tax liability after proactively considering any planning opportunities that would minimise your tax exposure.We offer practical tax efficient solutions in the following areas:

  • Retirement planning
  • Estate & succession planning
  • Remuneration planning
  • PRSI and Pension planning

Taxation of Estates

We provide taxation services to Solicitors and Executors on various taxation aspects affecting Estates..  These services include advice on minimising the taxation payable by beneficiaries through the use of various reliefs.  We also prepare the necessary computations and returns applicable to:

  • Capital Gains Tax
  • Capital Acquisitions Tax

Payroll tax

We provide a fully managed payroll service for sole traders, partnerships and companies.  OCKT has dedicated professionals who advise on a wide range of PAYE/PRSI/USC issues.  Our services include:

  • Comprehensive payroll management – weekly, fortnightly, monthly payroll processing including submission of all Revenue forms (P30, P35, P45,P60)
  • Calculation of tax free lump sums
  • Review of employment contracts from a tax perspective and considering whether an individual is employed or self-employed
  • Advice in relation to the payment of tax free mileage and subsistence allowances
  • Calculation of PAYE/PRSI/USC to non cash consideration
  • Managing revenue audits

VAT

We provide the following services:

  • VAT compliance services – VAT returns
  • VAT reviews/health-checks to determine VAT exposures and/or savings
  • VAT advice in respect of property transactions
  • Managing revenue audits

RCT (Relevant Contract Tax)

RCT is a withholding tax that applies to payments made by a principal contractor to a subcontractor under a relevant contract.  RCT applies to the following:

  • Construction operations
  • Forestry operations
  • Meat processing operations

From 1 January 2012 the current paper-based RCT system has been replaced by an electronic system, where principal contractors will be obliged to engage with Revenue online (mandatory electronic communication).  From that date, all contacts between a principal (or agent on behalf of the principal) and Revenue will be through an online process – all principals in the construction, forestry and meat processing sectors will be obliged to submit information, data, payments and returns to Revenue electronically.

We provide the following services:

  • RCT compliance services – Act as agent and interact with Revenue electronically through the new eRCT system
  • RCT reviews/health-checks to determine exposures
  • Manage revenue audits

Accountancy, Auditing, Advisory and Consulting Services: Comprehensive range of Auditing and Business Advisory Services. Specialists in Taxation Insolvency and Corporate Finances.