HSOC provides a full compliment of financial and business services to companies, individuals and public sector bodies.
There are a number of extremely valuable tax reliefs relating to Capital Gains Tax (CGT) and Capital Acquisitions Tax (CAT), potentially available on the transfer of trading assets and it has been well-signaled that these are under threat of abolition or restriction. Added to this are likely future increases in the CGT and CAT rates, as well as reductions in CAT-free thresholds.
As a result, many clients who have been considering their personal retirement for some time are taking advantage of the current tax regime to plan the transfer of assets.
While many of our clients often consider their overall wealth and estate plan from a tax perspective only, we encourage a holistic approach including commercial and practical issues, such as likely investment growth, the realities of asset management and personal cashflow. We understand too that family dynamics and relationships are also a key driver in producing a comprehensive plan for personal retirement planning. It is here that our cross-disciplinary team excel as our financial services team work closely with our tax advisors to cover all issues surrounding investment strategies, pension planning, and the tax implications of gifts and inheritances.
Succession of an owner-manager business is another extremely important element of retirement planning, whether by way of outright disposal of the business or by passing management on to the next generation, who may or may not be family members. We assist our clients in creating a succession plan in order to facilitate their retirement by focusing on both their personal needs, the needs of their family and their business.
Simone is a member of the Institute of Taxation having previously obtained a Masters Degree in Economics & Finance, NUI Maynooth. Simone trained with Ernst & Young, Dublin providing specialist advice to both individuals and employers on all aspects of personal taxation, social insurance, remuneration and emigration. She broadened her consultancy and tax planning skills across a diverse range of taxes with Brian Hennebry & Associates in Waterford, a specialist tax advisory practice.
Simone joined the Firm in May 2013 and is responsibility for ensuring all clients’ taxation needs are met. She provides innovative tax solutions to a broad range of clients across all sectors.