2022 financial planning round-up and 2023 trends Our most popular posts this year, plus our holiday hours. Cashflow, CGT, sucession and remote working laws; here are some of our most popular posts from the last year. Cashflow management and 2023 trends with Paul O’Donovan Act now for tax-efficient exit: CGT reliefs and business succession Budget 2023 round-up – …
SME supports and schemes in 2023 “There is plenty of support out there if you know where to look. Make sure your accountant is aware of these and working with you to identify opportunities.” Paul O’Donovan in our recent blog on cashflow management. Most COVID schemes have now finished but, for Irish businesses looking for funding and support in …
Cashflow management – key in Q4 2022, monthly check-ins in 2023 Whatever 2023 holds, there’s no doubt that cashflow management will be vitally important for businesses, says Paul O’ Donovan. “I think it’s going to be a tough first few quarters for most – especially the first one after Christmas. Make sure your business is …
Cashflow is king: setting up for success in 2023 Read More »
Registration opened on Nov 26th 2022 for the Temporary Business Energy Support Scheme (TBESS), which will assist Irish businesses with their energy costs during the winter months. The €1.2 billion scheme, which will be administered by Revenue, received approval from the European Commission yesterday. Businesses will be able to use the online system to submit …
Irish businesses – register to save 40% on winter energy costs with TBESS Read More »
Debt Warehousing timeline extended to May 2024, and 3% interest remains Businesses with warehoused debt were due to enter into an arrangement with Revenue by year end, or May 2023 in limited cases. Given the current economic uncertainty, Revenue say they are now extending that timeline to May 1, 2024. This means that businesses will not …
Revenue defer repayment of debt warehousing until May 2024 Read More »
There are no major changes from the 2020 tax year, says Thomas O’Regan, Senior Manager at Paul O’Donovan & Associates, but a timely information flow is critical for both meeting deadlines and minimising your tax liability.
Dreaming of selling your Irish business one day? Ensure your retirement dreams don’t become a tax nightmare by planning well in advance. Here’s a quick guide to CGT and Retirement Relief in Ireland. Capital Gains Tax (CGT) in Ireland is 33%. This hefty sum is paid on any capital gain made when you dispose of …
CGT and qualifying for Retirement Relief in Ireland Read More »
Act now to stay ahead of 2022 year-end accounting deadlines Check in with your accountant well before these dates to maximise your savings – and minimise your stress! Business budgeting for 2023 Business owners should avoid a December panic by preparing their budget for 2023 well in advance. Do you have enough protection and cover? …
The Irish Budget 2023 – what does it mean for you? Tax cuts, property measures, VAT, business taxes, one-offs and cost-of-living, agricultural, motor, climate change and more. Tax Cuts / Personal Tax The following changes were made to the income tax bands and credits. This will give a single person earning €40k per year an …
Budget 2023 round-up – tax cuts, business support and more Read More »
We won! Advisory Team of the Year – SME Finance – at the Irish Accountancy Awards It was smiles all-round on the night as the team at Paul O’Donovan and Associates beat off the other contenders to walk away with the SME Finance Advisory award for the second time in a row. Paul, who collected the …
Ireland’s Advisory SME Finance Team of the Year – twice in a row Read More »
