Like all business owners we have been spending the last few days trying to come to terms with the worsening Covid-19 situation. While the health of the nation is the most important thing at this time, as business owners, we are all extremely uneasy about what the future holds. We have attempted to summarise below
In light of the procedures announced yesterday by Government to help to interrupt the transmission of COVID-19, Revenue have today outlined some important advice and arrangements taken to assist SME businesses experiencing cashflow and trading difficulties arising from the impacts of the virus. Revenue has provided advice in 3 areas (SME, Subcontractors and importing goods)
It’s all about the bookkeeping! There’s an old Irish saying – “Tus maith, leath na hoibre” which translates to “a good start means half the work” and this is so true when it comes to accountancy and bookkeeping. If books and records are maintained on a regular basis, then the figures are always easily and
These are also called “golden handshakes” or ex-gratia lump sums. It is an area that can sometimes be forgotten by accountants when advising their clients and can be useful as part of the overall planning exercise when an employee or company director is ceasing employment. This could be at retirement, on a business sale or
Shareholding & Tax implications This topic has come to light on a number of occasions in recent months based on the projects we have been involved with and meeting with prospective clients who are planning for exit. The purpose of this blog is to highlight some of the issues we have seen for shareholders and
As an employee, you’re not often thinking about what you can claim. When you earn the majority or all of your income from employment, your income tax and PRSI Contributions are taken automatically before you receive your pay. When you’re not in the habit of making a tax return, navigating the unfamiliar territory of claims
Get that happy feeling. We had an offsite day in Worklab recently to review what went well last year and what didn’t go that well so that we can make improvements in the areas where we are weak on. One of the major things that I noticed was some of the very positive things that
Great to see the Deise Hurlers back to winning ways after the very disappointing 2019 season……..hopefully this will help to balance the Kilkenny / Waterford internal office banter J. It was a long 2019!!!! The Business Sale The sale of any business is not something that happens overnight. It is a journey and in some
If you rent a property in Ireland but you’re a resident of any other country worldwide, you are what we call a non-resident landlord. If you’re getting rent from your property in Ireland, the money you’re making comes under Irish taxation law, and so you’re required to complete an Irish tax return to declare that
Why a manifesto? There is a slight change of direction with our blog from this week. We have recently finalised the Comerford Foley manifesto. This is not a collection of future promises so that you will become our client much like a political party will promise you the sun, moon and stars so that you
