Ireland provides tax and non-tax incentives for businesses engaged in innovation and/or research and development.Read More
Successful entrepreneurs often ask how they can continue to grow their business.
A useful approach is to begin by looking at your objectives, finance and business resources.Read More
The duties of a secretary are duties delegated to the position by the directors. There is no definitive term covering what this will entail. Directors must ensure person is capable of doing the job.Read More
The principal fiduciary responsibilities of a director are set out in Part 5 of the Companies Act 2014.
There is a requirement on a director to act in good faith, to act honestly and responsibly and to act according to the company’s constitution. There is a requirement for the directors to have regard to the interests of the company’s employees as well as to the interest of the members.
Letting out a room in your home is a convenient way to boost income but the tax implications of Airbnb hosting must be carefully considered.Read More
Recently we are seeing more examples of PAYE taxpayers with various types of non-PAYE income. Irrespective of the source, if you earn income outside of the PAYE system, you must declare it to Revenue and pay the appropriate taxes.Read More
Starting a business in Ireland may be an option for some UK entrepreneurs post-Brexit. Deciding to relocate your business is an important strategic decision and there are many factors to consider depending on your specific circumstances. These include family requirements such as accommodation, schools and so on. That said, there are many advantages to locating in Ireland.Read More
Currently, there’s a lot of discussion about the need for Irish bloggers and influencers to disclose commercial relationships so as to comply with consumer law. Equally important, although it hasn’t had the same media attention, is the need to comply with tax requirementsRead More
The term 'RECEIVERSHIP', in relation to a company's status, is being retired from CRO use on the 22nd of March 2017.Read More
Setting up a company is one of the most important decisions you can make. On par with taking out a mortgage, the financial implications can be felt for years to come, in many cases for the better and in some instances for worse. So how can you be sure that it is the right move for your business? This is a question that early stage entrepreneurs often ask.Read More
Preliminary Tax is an estimate of the amount of Income Tax you owe for the current tax year. Many people don’t realise why they have to pay preliminary tax so we'll try and explain as follows:Read More
You can still avail of the extended deadline on the 10th November but bear in mind that this is the Pay and File deadline so the return and full payment must be made by November 10th or a surcharge will apply.Read More
If you are making business purchases on Amazon, make sure you enter the VAT number of your business on your amazon account. This means that UK and EU suppliers will not charge VAT to Irish customers reducing the overall purchase price.Read More
Although much of the detail on the HTB incentive has yet to be announced. The top 5 requirements that we know so far are:Read More
If you make business purchases from stores like B&Q, Argos or Tesco for example – you’ll notice that the VAT number is often on the back of the till receipt.Read More
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:Read More
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.Read More
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.Read More