Ireland tax

Sam's Wife, grace is a sole trader and has been in business for 5 years. She is considering incorporating her business as she has heard of the many benefits that are attached to incorporation including the potential availability of tax relief for start-up companies.

Sam and grace have asked you to provide taxation advice in relation to all of the above.

Requirements.

Prepare a report for Sam and grace detailing your advice in relation to capital gains tax and corporation tax.

your report should include advice in relation to;

The pros and cons associated with operating a business as a company as opposed to a sole trader.

Tax Relief for start-up companies and whether garce would be entitled to claim this if she does incorporate her business.