Accountancy Positions

We are currently recruiting! We are established 35 years and have a varied and quality client base. We currently seek to recruit a qualified accountant, a semi-senior accountant and a trainee accountant for our friendly, efficient office in Newbridge, Kildare. The Qualified position will suit a person with previous experience in a small to medium size firm. There are excellent promotion prospects for the right person. Reporting to the Partner, an attractive remuneration package will […]

Capital gains tax (CGT) deadline 15th December 2017

Anyone who has made a capital disposal between 1st January 2017 and 30th November 2017 must pay CGT by 15th December 2017. The filing date for this disposal is 31st October 2018. Anyone who has made a capital disposal between 1st December 2017 and 31st December 2017 must pay CGT by 31st January 2018. The filing date for this disposal is 31st October 2018. Capital disposals include sales of shares, […]

2018 Budget

The 2018 Budget was introduced by Minister for Finance & Public Expenditure and Reform, Paschal Donohoe on 10th October 2017. Economic growth The Budget was presented against a background of continuing economic growth and an economy which is approaching full employment. The Budget is almost a balanced one, which means that our national debt may finally have peaked, though remains at a still massive €200bn. If international interest rates increase, […]

Beneficial Ownership: New regulations for Companies including Companies limited by Guarantee

In line with a number of changes which are coming down the pipeline for companies, from 26th June 2017 the CRO will likely be tasked with maintaining the Central Register of Beneficial Ownership of Corporate and Other Legal Entities, in the State.   This is a follow on from the requirement introduced on 15th November 2016 that requires companies, including those limited by guarantee, and certain other entities to create […]

2017 Changes to CRO Compliance for Directors

From 1 June 2017, a number of changes will be enforced by the CROs office in relation to mandatory return filing, financial statements and fees which will apply to all Irish companies.   Mandatory electronic filing The CRO will require mandatory electronic filing for the following documents in accordance with S.I. No. 458 of 2016 and Section 897, Companies Act 2014: B1 – Annual Return (including financial statements and electronic […]

Reimbursement of Civil Service Mileage Rates

It has been close to two decades since any changes in the reimbursement of civil service mileage rates were introduced. Owing to economic and environmental considerations, 1st April 2017 introduced the enforcement of significant changes to the dated system which will heavily impact the private sector. All businesses that reimburse their employees for business motoring expenses will begin to see the implications of the recent changes as following: An increase […]

Undisclosed off-shore assets and income: Revenue Clampdown

As you may be aware, Revenue are currently operating a “clampdown” on all undeclared off-shore assets. This means that after 30th April 2017, any individual found to have any undeclared foreign assets (i.e. any foreign income including pension income, gains, bank accounts and assets) may be subject to penalties, publication as a tax defaulter and heavy prosecution. If you have any undeclared foreign assets (i.e. any foreign income including pension […]

Offshore assets

Revenue are sending letters to 480,000 self-employed taxpayers, reminding them of an imminent deadline for disclosure of offshore assets. 30th April 2017 is the latest date by which a “qualifying disclosure” may be made by anyone who has undeclared income from foreign assets. By making such a disclosure anyone with undeclared income from abroad can avail of lower penalties and non-publication. Examples of such income would be rental income from […]

Year-end tax planning

Capital allowances for energy-efficient equipment and motor vehicles Older taxpayers will recall the rush to purchase equipment and other fixed assets prior to the end of the tax year, as 100% deduction was available through free depreciation in the year of purchase. Unfortunately, such 100% deductions are long gone, with the exception of expenditure on energy-efficient equipment and vehicles. Until 2017 the scheme applied only to purchases of such equipment […]