Finance Act 2016

The Finance Bill 2016 has now been enacted into law. This gives legal effect to the recent Budget. Most the changes have little impact. The help to buy scheme is probably the most significant new initiative, though it will benefit only first-time buyers of new houses. It takes the form of a rebate of tax paid over the previous four years and is capped at €20,000. Other changes include the […]

Long & Company and Sheridan & Co

Long & Company Chartered Accountants, Newbridge, are delighted to announce that Larry Sheridan of Sheridan & Co has agreed to amalgamate his long established practice with ours. The enlarged firm will practice as Long & Company and will be managed by Declan Long. Larry is to continue as a Consultant. We have a team of experienced, qualified accountants and support staff led by Juanita Mahon, Associate Director. Juanita is an […]

Government assistance to Irish companies

Enterprise Ireland provides a range of supports to Irish companies, including various types of grant assistance. Applications for start-up assistance are handled by the local City or County Enterprise Board, of which there are 35. Funding for established SMEs and large companies is dealt with directly by Enterprise Ireland, who appoint an Advisor to each client company. Start-ups Supports available for start-ups of all sizes include: Start your own business […]

NAMA Business Plan

The Business Plan in relation to the operation of NAMA has recently been published by the Government. It is anticipated that €77bn of loans will be transferred from the banks to NAMA. This includes €9bn of rolled-up interest on non-performing loans. The underlying assets were valued at €88bn when the loans were granted. NAMA is paying €54bn for loans on these properties. The properties are currently estimated to be worth […]