Now is the perfect time for Accountants to reassess their business models and delivery methods.

This case considered the situation of a barrister, Mr Newsom, whose chambers were in London but who lived in Whipsnade, which is some distance from London.

While this case involves the issue of whether or not a deduction can be taken for client lunches which is now specifically disallowed by section 840 TCA 1997, it is instructive in arriving at the principles of deductibility

The taxpayer was employed by the company to provide demonstration services for the company's products at various supermarkets

The taxpayer carried on a trade as an electrical contractor and appealed against an assessment for the tax year 1986/1987.

The taxpayer carried on a trade as an electrical contractor and appealed against an assessment for the tax year 1986/1987.

The wage subsidy scheme is a financial support for employees not a bail out for employers.

COVID19 Wage subsidy scheme is not without it’s risks

a new law has been introduced (statutory Instrument, No. 110 2019) to establish a Register of Beneficial Ownership of Companies. In addition to a company’s obligation of holding adequate, accurate and current information on beneficial owners, there is now a requirement to file the data with the CRBO through an online portal. Non-compliance with the legislation is a criminal offence and may be punishable by way of a fine.

The advent of double entry bookkeeping was considered one of the greatest advances in the history of finance. Even though some people still struggle to understand the difference between a debit and a credit, the concept hasn’t changed since its inception which was over 500 years ago. However, as the old axiom goes, when things change they tend to do so gradually and then suddenly.

Middle income earner and and two income families were the main,albeit modest, beneficiaries of Budget 2109.

If you are a VAT registered business supplying services to customers outside of Ireland, the decision tree below will help you determine if you need to account for Irish VAT.

If you are an officer a company and want to resign your position but the company won’t remove you as a director, there is a mechanism to formally remove yourself where the company has not or will not file a Form B10.

Deed of Covenants are generally used for children and elderly parents to assist with living expenses and medical bills. A deed of covenant is legally enforceable whereby the individual (the covenantor), agrees to give a portion of his or her income to another person, (the covenantee), without receiving any benefit in return.

As a rule, if you work off the assumption that ALL income is taxable unless otherwise stated by a relief or an exemption then you won’t be disappointed when told otherwise.

When a business needs to raise funds, getting a bank loan is usually the first option that comes to mind. Banks are not always willing to lend but the good news is they are not the only option.  In this short article, we look at four alternative sources of finance:

In the table below, we summarise the scope to Irish income tax based on an individual's tax residence. If you are Resident, Non Resident or Non Domicile this table is a useful guide. Please keep in mind that this is a high level basic summary. If you need to have a more detailed conversation in relation to your tax residency please arrange a consultation.

The Irish revenue have begun issuing notice of investigations to Airbnb hosts with Irish listings. This comes as no surprise since Airbnb announced back in 2015 that it would be sharing information with Revenue on its Irish listings under S880 and 890 TCA97.

From time to time all businesses need to cut costs. The impetus might be to fund growth, improve profitability or survive a difficult patch. Whatever the reason, it is rare that a single action will generate the necessary cash. Usually, what’s needed is a series of cuts across a range of expenses.

Job Title: Qualified Accountant Part Time – Work from home

 Location: Guinness Enterprise Centre Dublin/ Can work remotely

 Employment Type: Part time 

 Salary: 40,000 pro rata