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 …
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 »
What can an accountant do for you, and how do you choose the right one? A good accountant is someone you can trust to be on your side – they will find you solutions, add value while ensuring compliance, and put you in firm control of your finances and your future. But how do you …
Choosing the right accountant for your business in Ireland Read More »
Most Irish companies are exposed to foreign currencies, through exports and their supply chain. All of these need hedging and currency policies to avoid being caught by swings – but only 15% of companies have one. John Finn, Managing Director at Treasury Solutions, offered insights into currency trends and the effects of current events on the economy.
Planning retirement or a business sale in the next 10 years? Capital Gains Tax in Ireland (CGT) is 33%. But advance planning can reduce it – or even eliminate it. Irish business owners should be building on their exit plan from day one but it’s never too late to start, as Paul O’Donovan explained at our recent …
Act now for tax-efficient exit: CGT reliefs and business succession Read More »
