Non-Resident Landlord Withholding Tax (NLWT) from July 1st 2023
From 1 July 2023, the Non-Resident Landlord Withholding Tax means there will be tax changes for non-resident landlords, collection agents and and tenants of non-resident landlords.
Financial planning
Retirement, succession and selling – how-to exit a business gracefully
Whether you’re planning for family succession or your own retirement, it’s key to get the facts right now instead of leaving it until it’s too late.
Funds held on deposit or Structured Product
What are funds held on deposit and Structured Products, and which one is better? David Clehane, Managing Director of Corporate Life, share his insight on deposit options in Ireland in 2023.
Gifting a House Deposit to Your Child in Ireland: What You Need to Know
While gifting towards a property purchase can be a great way to support your child’s future, there are important financial considerations to keep in mind if you do not want to over pay Capital Acquisitions Tax (CAT). It’s important to understand both CAT and the Small Gift Exemption.
Happy Christmas to you all! Our 2022 round-up.
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 – …
Irish SME supports and schemes in 2023
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 …
Revenue defer repayment of debt warehousing until May 2024
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 …
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Irish Income Tax deadlines for 2021 are here
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.
CGT and qualifying for Retirement Relief in Ireland
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 …
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Upcoming financial deadlines 2022
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? …