PASSING ON OR SELLING YOUR BUSINESS Planning for the passing on of your business to the next generation or planning for the future sale of your business to a third party is an essential but often overlooked element of the business life cycle, from a taxation perspective. The lack of proper tax planning can result [...]
How to apply for Stamp 0 An applicant who believes they qualify under the Stamp 0 criteria and who wishes to reside in the State should make their application in writing to Unit 2 Residence Division, INIS, 13- 14 Burgh Quay ,Dublin 2 An application must include the following Reason for the request Full copy [...]
PAYE MODERNISATION – ARE YOU READY? The new PAYE Modernisation System is being introduced on the 1st January 2019. Its impact will be daunting and you will need to be ready for its change which is mandatory for all employers. For employers this introduces Real Time Reporting to Revenue which will necessitate changes in current [...]
Irish Times https://www.irishtimes.com/business/transport-and-tourism/airbnb-set-to-hand-over-hosts-names-to-revenue-1.3624515
The Solicitors Accounts Regulations 2014 require that solicitor firms file a “Reporting Accountants Report” with The Law Society of Ireland within six months of the firm’s financial year end. In order to ensure compliance the reporting accountant must have the knowledge and experience in dealing with the regulations. We are approved by the Law Society to complete [...]
If self-employed people have their work reduced dramatically by loss of contracts, self-employed people are entitled to social welfare payments. If you are still working as a self-employed person but your income is below a certain level you should apply for Jobseekers Allowance, you can continue your business and still qualify for Jobseekers Allowance. Jobseeker's [...]
Revenue have been issuing letters to homeowners who have been letting their property through Airbnb. These letters are covering the periods from 2014 through to 2016. Airbnb have been providing information to Revenue since 2015 so it will be a matter of time before the dreaded letter from Revenue arrives in the letterbox. There are [...]
Revenue has confirmed an extension to the Revenue Online Service (ROS) return filing and tax payment date to Tuesday, 14th November 2017 for certain self-assessment Income tax customers. The extended date applies to customers who file the 2016 Form 11 return and make the appropriate payment through ROS for preliminary tax for 2017 and the [...]
In Budget 2018 stamp duty increased on commercial transactions from 2% to 6%, this includes agricultural land. However, the Finance Bill which is due for publication shortly extended stamp duty relief to cover transactions within the family so liable to stamp duty at 1%. There are a number of conditions which must be met prior [...]
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 [...]
