The favourable provisions introduced in the Budget and as outlined in the Update on Ireland’s International Tax Strategy:Read More
Pearse Trust Blog
Are you unsure if you need to form an official business structure for your company?
Choosing your business structure might be one of the most important decisions that you will face. Incorporation protects your personal assets, enables you to access tax advantages and grow business.
Below are 5 top reasons to incorporate your business in Northern Ireland.
When a client or member of the public wants to find more information on a company, generally speaking, their first course of action is to check the company’s website.
Therefore, it is important they have an operational website and one which complies with company law.
In this blog, we will discuss the statutory requirements for UK Companies with regards to corporate websites and the benefits of having same.Read More
The Institute for Economic Affairs (‘IEA’), a free-market research group, has published a report calling for the UK Government to abolish ‘hugely inefficient’ corporation tax and replace it with a levy on earnings distributed to shareholders.Read More
Financial advisers, banks and Americans with foreign income will doubtless be all too aware of FATCA, America’s controversial international tax enforcement program.
But it is an idea that has caught on globally. Enter the Common Reporting Standard (CRS), the global FATCA.Read More
A memorandum of wishes, also referred to as a letter of wishes, is a private document in which a settlor of a trust conveys their wishes to the trustee. This can relate to the treatment of trust fund, beneficiaries or other trust matters.
There are advantages for both the settlor and trustee in creating a Memorandum of Wishes. It allows the settlor to share his personal thoughts and perspective on the trust in writing.
It can be very helpful for trustees, during the lifetime and after the death of the settlor, as it gives the trustee a greater understanding of the settlor’s intentions.Read More
In the last eight years a surge of new regulations has emerged across the Global Financial Sector, as has been seen with the introduction of legislation such as the 2010 Foreign Account Tax Compliance Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act in the United States, and the impending enhanced cross border scrutiny and controls that will accompany the European Union’s Regulation on Markets in Financial Instruments (MiFIR).Read More
Accepting a request to act as the trustee of a trust is an important decision, one which requires careful review of the duties and responsibilities a trustee will take on.
A decision to accept the trusteeship of a trust should not be accepted blindly. Under the case law of most jurisdictions, no one can be compelled to act as a trustee.
This blog examines some of the factors that should be considered before accepting a trusteeship.Read More
Dividends are voluntary in the sense that there is no legal obligation for a company to pay a dividend, unless otherwise stated in the company’s constitution.
A dividend must be paid from the distributable profits of the company and depending on the type of dividend it will be declared at a general meeting of the company or by a resolution of the directors. Once a dividend has been declared it is due and payable.Read More
The “sharing economy” may sound like one of those modern buzzwords, relevant only to those spending unhealthy amounts of time on their smartphones.
But it is turning out to be big business – but also potentially risky from a tax perspective.Read More