How Sole Traders and Contractors lose money to the tax man
In this video I interview Kevin Henry from thepensionsstore.ie on how Sole Traders and Contractors are unable to manage wealth and be more tax efficient compared to their Limited Company Director counterparts.
See an example of 2 40 year olds who want to retire at 60 and the massive difference in their funds at retirement (over €1m!)
You can contact Kevin to set up an Executive Pension Scheme here:
➤➤➤https://www.thepensionstore.ie/contac...
Contact us at First Accounts to convert your Sole Trade or Contracting business to a Limited Company here:
➤➤➤https://firstaccounts.ie/arrange-disc...
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Disclaimer: This video is for informational purposes only and contains an opinion on business structures and taxes in Ireland and is not a complete or definitive statement of specific Companies Acts or tax obligations that may arise. Specific Company Law, accounting and tax advice should always be obtained where appropriate by a professional service provider.
The examples used in this video are for demonstration purposes only and are not a guaranteed result of any kind.