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 »
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 »
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.
ESG has become crucial for customer relations and for sourcing funding – but many Irish companies are dragging their feet, say industry experts At our virtual conference early this year, all our speakers agreed on one thing: clear policies on ESG are fast becoming a key factor for successful businesses. But what is ESG, and …
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 »
For business owners considering change, long-term pension planning and strategic structuring is vital for a tax-efficient exit. At our recent online conference, “Getting Back to Business – planning for greener pastures”, a common theme emerged of business owners re-evaluating their options for the future. The pandemic and other pressures has made many Irish business owners …
Tax efficient exits take time, so plan for change Read More »
Cashflow, CapEx and post-COVID supports: are you prepared for 2022? “The first six months of 2022 will tell a lot about a business owner’s decision to stay in business or cease trading.” Paul O’ Donovan in the Irish Examiner in 2021. Christmas is almost here; it’s time to take stock and structure for success in …
