Will your party do anything to reform the following for small business? It is becoming more and more expensive to set up a sole trader in Ireland. One of the main barriers is the cost of employment. Up until 2012 there was a statutory redundancy rebate of up to 60% paid by the state towards […]
What is the register of beneficial owners and do we need to register?
Beneficial Owner
What’s a Form 46G and do I have to file it?
A Form 46G is a return detailing services or goods you required of more than €6,000 euros. The revenue now requires this return, each year, from all businesses. It is due in respect of payments to any person in excess of €6,000 per annum for services rendered. Only the receipts of payments which you or […]
#Brexit what is a customs EORI number and how to get one?
If the UK leaves the EU customs union and if you move goods to, from or through the UK you will need to register for an Economic Operators Registration and Identification (EORI) number to continue trading with the UK. The EORI is a ‘Safety and Security Amendment’ to the European Community Customs Code a single […]
British directors after Brexit?
What should you do if you have a Non EEA resident director after 29 March 2019? If you are on of the many companies that only have British Directors after 29 March 2019, you may need to think about getting a new director that is resident in Ireland or another EEA member state. If the […]
New Year, New PAYE reporting
Did you know the revenue have changed PAYE, since the 1 January 2019 there are no more P45, P60s or annual P35s and under Revenue PAYE (Employers) Compliance regulations updated in May 2018, you can be fined up to €4,000 for each breach of PAYE Regulations? The following 4 points may help you comply with […]
What Preliminary tax is and when it should be paid
Preliminary tax is your estimate of the Income Tax, Pay Related Social Insurance (PRSI) and Universal Social Charge (USC) or Corporation tax that you expect to pay for a tax year. You must pay this by 31 October of the tax year in question if you are an individual or if you’re a company about […]
How a pension can reduce your tax bill
You may have a few days left to file and pay your tax and might be searching for ways to reduce your tax liability before the November deadline for your individual return, or the December deadline for you company. One of the ways people reduce their tax liabilities and prepare for their future, is by […]
The Companies Registration Office (CRO) are not accepting Cheques
Chances are if you have a 31 December year end you will have to pay for your annual return on or before next Monday 29th October. If you do you may notice the Companies Registration Office (CRO) will not accept your cheque which could mean you miss your CRO filling deadline, incur late filling fees […]
5 Simple steps to help avoid Revenue fines of up to €4,000 for each breach of Employer PAYE Regulations
Did you know under the Revenue PAYE (Employers) Compliance regulations updated in May 2018 that you can be fined up to €4,000 for each breach of PAYE Regulations? The following 5 points may help reduce the possibility of large fines: Consider registering all employees on ROS and maybe ask all of your current and new […]
