New Business Tips

By linkniadminmconeill234wqa
In December 5, 2014
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Four things that new Business Start Ups are often not aware of

1.) There is a time limit within which they must “Register” with Inland Revenue and they may be penalised for a late Registration.

2.) It’s not uncommon for a new business to make losses in the early years. Such losses can be utilised to reclaim tax suffered PRIOR to opening the business.

3.) A profitable business opening up today, may not have to actually make a tax payment until 21 months later – January 2015! If its going well then set some funds aside. 21 months can pass surprisingly quickly!

4.) Don’t forget Insurance cover!

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