Navigating Enhanced Reporting Requirements: A Guide for Employers
In the ever-evolving landscape of tax regulations and compliance, staying ahead of the curve is essential for businesses of all sizes. The Finance Act 2022 introduced new Enhanced Reporting Requirements (ERR), which will affect how employers must report certain payments made to employees and directors from January 1, 2024. In this blog post, we’ll […]
Vacant Property Refurbishment Grant
What is the Vacant Property Refurbishment Grant? The Vacant Property Refurbishment Grant provides funding to assist in the refurbishment of vacant and derelict homes, meaning you may qualify to get extra funding if you are turning a vacant house or building into your permanent home or a rental property. A grant of up to €70,000 […]
Understanding the 5 C’s of Credit before applying for a loan
The 5 C’s of credit offers lenders a framework to evaluate a loan applicant’s creditworthiness and how worthy they are to receive new credit. They do this by evaluating a borrower’s character, capacity to make payments on time, economic conditions, and available capital and collateral. Here are the 5 C’s and what they mean: Character […]
New changes for non-resident landlords in Ireland
What is a non-resident landlord? A non-resident landlord is someone who rents out property in Ireland, but is not a resident of Ireland. That income from renting out a property that qualifies as income is taxable. On July 1, the Non-Resident Landlord Withholding Tax (NLWT) was introduced. Up until July 1, to pay tax […]
Changes To The Work Life Balance Act
On 26 June 2023, the Government announced that a number of provisions under the Work life Balance and Miscellaneous Provisions Act 2023 that came into effect on Monday 3 July, 2023. These provisions include: Unpaid leave for medical care purposes for parents and carers Employees will be entitled to five days unpaid leave per calendar year to provide care or […]
Are You Thinking About How You Can Transfer Your Assets Tax Efficiently To The Next Generation?
We all know that it is important to structure your affairs in such a way as to minimise any taxes that become payable to Revenue. An often-overlooked aspect of any tax reduction strategy is that of succession planning whereby assets ultimately get passed on to the next generation. Very often, this can result in a […]
New CRO Requirements For Personal Public Service Numbers (PPSN’s)
Dear Friends, Hope all is well. The Companies Registrations Number (CRO) has announced that the requirement for PPSN’s disclosure will come into force from the 23rd April 2023. All directors will be required to file their PPSN with the following forms: Form A1 – Company Incorporation Form B1 – Annual Return Form B10 – Change of […]
PRSA Changes – Key Points for Business Owners
Dear Friends, There was a recent change to the Personal Retirement Savings Accounts (PRSA’s) in the Finance Act 2022. The changes have made the PRSA’s more flexible and attractive for business owners for their retirement planning and business exit strategy. The changes are as follows: An employer Contribution to a PRSA is now exempt from […]
2023 What to Expect
Dear Friends, Happy New Year! Hope you enjoyed the Christmas Break. 2023 is here and for most it is back to normality and another year of business and exciting growth! We wish you continued success throughout 2023 and thank you for the opportunity to work and grow with you this year once again. With this […]