The requirement to disclose directors’ transactions in company financial statements continues under Companies Act 2014. However the act amends the thresholds of certain transactions below which certain disclosures will be exempted from including in the financial statements:

Since 1 January 2016, the Earned Income Tax Credit also known as the “Self Employed Tax Credit” which is worth a maximum of €550 can be claimed by self-employed individuals, entrepreneurs and company directors who own more than 15% of the company.

We are pleased to announce the new-look website of Blue Star Accountants, our sister tax services provider aimed specifically at contractors working in Ireland.