The Minister for Finance Paschal Donohoe on the 10th October 2017 presented his Budget for 2018. Below we have sumarised some of the key points in this Budget which we hope you will find informative. If you have any queries or would like any item contained in the Newsletter or the Budget 2018 clarified please [...]
2015 - A YEAR IN REVIEW By Noelle O’Connor, O’Donovan Lavin Accountants As the year draws to a close Noelle O’Connor, Director of Business Services takes a look back at 2015 from a business, accounting and tax point of view. Statistics The first 11 months of 2015 has seen over 17,300 new companies registered [...]
The Minister for Finance Michael Noonan T.D. on the 13th October 2015 presented his 2016 Budget. Below I have summarised some of the key points in this Budget which I hope you will find informative. Personal Tax The top rate of income tax remains at 40% and there are no changes to the income [...]
It’s that time of year again, the income tax filing deadline is fast approaching and it’s time to focus on getting your tax affairs in order if you haven’t already done so. This is a brief summary of the main points to note on whether to file an income tax return and the other [...]
In our article this week Noelle O’Connor, Director of Business Services discusses inheritance tax saving measures that will help reduce the Capital Acquisitions Tax liability on the death of a relative. The only certainties in this world are death and taxes and inheritance tax combines them both. The current rate of gift/inheritance tax in [...]
In our article this week Noelle O’Connor, Director of Business Services discusses tax saving measures that will help everybody in all aspects of their business and personal life. Now that the kids are back to school/college and your wallets have been emptied I thought it best to start the new term with a summary of [...]
We have spoken previously about the introduction of the Companies Act 2014 which came into effect on the 1st June 2015. I have decided to mention it again in this week’s article as its introduction seems to be causing some confusion among Company Directors. While it all may seem a little complicated right [...]
Value Added Tax (VAT) is a minefield for many people in business and it is something we are asked about by our clients on a regular basis. Most people ask us how they can avoid it! VAT THRESHOLDS It is not possible to avoid VAT however if your business generates a turnover from the [...]
In our last article we spoke about the Introduction of the new Companies Act 2014 which is due to come into effect this June, with a particular focus on the two main types of private companies which will exist under the Act – that is Company Limited by Shares (“LTD” – sometimes referenced as “CLS”) [...]
