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 [...]
Welcome to the Autumn Edition of the O’Donovan Lavin Quarterly Newsletter. This is our third Newsletter since its successful launch in April 2015. We do hope that you will continue to find the articles informative and helpful. We realise the importance of staying in contact and providing information on topics and subject matters we consider [...]
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 [...]
Benefits In Kind (BIK) The area of additional benefits or prerequisites, perks for short has been a focal point for revenue for a number of years. It is a topic that like all taxes evolves over time. In a nutshell any benefits received by an employee from their employer is taxable as notional pay [...]
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 [...]
