Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Close Company status for PR companies

Options
  • 01-12-2010 2:43pm
    #1
    BizAngel
    Registered Users Posts: 48 ✭


    Is is true that Public Relations companies are excluded from being Close Companies? I thought this was the case but I can't find any information to verify same....Help would be appreciated.
    Tagged:


Comments

  • Options
    #2
    DoMyBooks
    Registered Users Posts: 355 ✭✭DoMyBooks


    The answer is here


  • Options
    #3
    nompere
    Registered Users Posts: 1,677 ✭✭✭nompere


    DoMyBooks wrote: »
    The answer is here

    It isn't really there.

    The point is that there are two surcharges - one that applies to professional income, and one that applies to the undistributed investment income of a close company. A PR company may very well be a close company and liable to pay surcharge on its undistributed investment income, but it probably isn't carrying on a profession, and so won't be liable to the surcharge on its Case 2 income.

    The OP is mixing up the two different surcharges.


Advertisement