Monaris Accounting

Tax Planning & Preparation

At Monaris Accounting, we recognise the significance of proactive tax planning in maximising your financial efficiency while ensuring compliance with Irish tax laws. Our Tax Planning service is meticulously crafted to cater to the individual needs of each client, whether you're a sole proprietor or a multinational corporation. With our experienced team of tax experts, we delve deep into your financial circumstances to identify opportunities for minimising tax liabilities, implementing effective strategies that align with your business goals.

Our approach to Tax Planning is rooted in thorough analysis and personalised advice. We understand that navigating the intricacies of tax legislation can be daunting, which is why we provide clear and concise guidance tailored to your specific situation. From capital gains tax to inheritance tax, we cover a wide range of tax areas to optimise your tax position and protect your wealth. With Monaris Accounting by your side, you can rest assured that your tax affairs are in expert hands, allowing you to focus on what matters most—growing your business and achieving your financial aspirations.

Monaris Accounting

Things to Know or Watch Out For with Tax Planning

  • Year-Round Planning Beats Year-End Panic
    Last-minute tax filing often means missed reliefs or costly errors. We offer scheduled reviews and planning discussions throughout the year to keep you ahead.
  • Revenue is Increasing Audits and Data Matching
    With enhanced access to third-party data (e.g., property registers, banking), Revenue is cracking down on undeclared income. Accurate, proactive reporting is essential.
  • Personal Tax and Company Tax Often Overlap
    If you run a company, there are key tax planning opportunities that impact both your personal and business finances. We help you optimise both.
  • Capital Gains Tax Requires Advance Planning
    Selling assets, property, or shares? Planning before the sale can save significant tax — after the fact, options are limited.
  • Capital Acquisitions Tax (Gifts/Inheritances) Has Exemptions
    We can help you understand thresholds, exemptions, and reliefs available when transferring wealth to the next generation.
  • Incorrect VAT Treatment Can Trigger Penalties
    VAT registration, rates, and filing requirements can be complex. We ensure you’re applying the correct VAT rules and claiming back what you're entitled to.
  • You May Be Entitled to Credits You’re Not Claiming
    From medical expenses to flat-rate allowances and tax-efficient pensions, we make sure no opportunity is missed.
  • Revenue Audit Support Requires Experience
    We represent clients during audits and investigations, helping you prepare documentation, respond appropriately, and negotiate fair outcomes.

Monaris Accounting

Frequently Asked Questions

Yes — we handle all personal and business tax returns, including PAYE employees with additional income, landlords, sole traders, and company directors.

Tax preparation involves filing returns correctly and on time. Tax planning is forward-looking — it identifies ways to minimise tax before transactions take place.

The earlier the better. Ideally, tax planning is done throughout the year — not just before deadlines. This allows time to adjust salaries, pensions, expenses, or investments efficiently.

Yes — we can advise on timing, reliefs, allowable expenses, and help ensure you only pay what’s necessary. Early advice is key.

Don’t ignore it. We regularly support clients in Revenue audits and interventions. We’ll help you prepare the necessary information and represent you during negotiations.

If your annual turnover exceeds certain thresholds (€42,500 for services or €85,000 for goods), VAT registration is required. We’ll advise you based on your business model.

Absolutely. We prepare and file all personal and corporate tax returns, ensuring full compliance with Revenue and clear communication with you.

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