You may have read about the revenue consultant probe that has reportedly yielded large sums in fines, penalties and interest. If you incorporated your business within the last seven years and claimed goodwill, you should consider contacting your tax advisor to see if the goodwill they put in your accounts on incorporation is in line […]

From 1st June 2017 it will be mandatory to file the following forms electronically. * B1 – Annual return (including financial statements and electronic payment) (more…)

Over the last few weeks you may have a received a letter about “Reviewing and Correcting Your Tax Returns” . You do not need to be concerned about the letter unless you have undeclared income or assets, foreign pension income, bank accounts or assets located outside of Ireland. Thanks to changes in the 2016 Finance […]

Did you know the Dublin Chamber of Commerce elections are taking place now and you can vote by simply clicking here and using the PIN that Sandra Farrell (sandra@dublinchamber.ie) sent on Monday 16 January? Why you should vote You can have your business needs represented on the Council and influence national government policies that affect […]

If you want to pay your Local Property Tax liability with a single payment by cash, cheque, postal order, credit card or debit card, you must pay by 5pm tomorrow 11th January 2017 at the latest. If you wish to avail of a phased payment option such as Direct Debit, Deduction at Source or regular […]

In Budget 2017 Michael Noonan the Minister for Finance, announced the launch of Revenue’s consultation process regarding the modernisation of the Pay As You Earn (PAYE) system. This public consultation process will run until Sunday 12 December 2016. Any submissions received after this date may not be considered. PAYE Modernisation is planned to be operational […]

If you are a company secretary or director you would have got the following email from the Companies Registration Office, “European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016”. What this email basically means all Companies should keep a register of the owner/shareholders names/beneficial owners who control or own more than 25% of […]

As you probably know next Wednesday 30th of November 2016 your limited company will be statutorily defaulted to a Model Private Limited Company. While this “Do Nothing” option may sound attractive there are a number of implications for companies and directors who allow a statutory default occur. • S.60 of the Act compels directors to […]

With file and pay deadline of 31 October (10 November for online returns) fast approaching, trying to reduce your tax bill and maybe even claiming a tax refund is on the forefront of most people’s mind, the following five steps could maybe help you reduce your tax bills going forward; 1. Invest in a pension, […]

If you believe current general opinion on revenue audits less than 4% of revenue audits are now selected on a random basis. The revenue is reportedly using a tool called Risk evaluation Analysis and Profiling – REA, to look for variations and unusual differences in certain sectors. However, if you ensure the following you might […]