Two key assumptions underpin Budget 2021, namely that there will be no bilateral trade deal between the EU and the UK and that Covid-19 will continue to be with us next year. Out of the total package of almost €18 billion announced by Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform, […]
Key measures in the Government’s July stimulus plan include the introduction of an Employment Wage Support Scheme, changes to the Covid-19 Pandemic Unemployment Payment, and a range of tax and funding initiatives to support businesses and the self-employed. On 23 July 2020, the Government announced a stimulus plan to protect jobs and help businesses recover […]
This is an unprecedented time in our history. The COVID-19 pandemic has created a medical emergency which is naturally the primary focus and all of us at Sheil Kinnear hope that you and your families are keeping safe and well. The pandemic is also however giving rise to serious difficulties for Irish business and, although […]
**** Latest Updates available here. **** Employment & Income Supports The Department of Employment Affairs & Social Protection (DEASP), are introducing measures to limit and slow down the spread of COVID-19, to keep the number of affected people to a minimum and to reduce peak pressure on the health service. The main measures being introduced […]
One year on from the introduction of Revenue’s new PAYE regime, employers need to ensure they are ready for the transition from 2019 to 2020. Information recently released by Revenue shows that employers have made more than 6 million payroll submissions since the introduction of PAYE modernisation in January 2019. While most employers are getting […]
New regulations affecting the beneficial ownership of corporate entities came into effect this year. Marese Stafford, ACIS AITI explains what’s changing and how to comply with the requirements. Minister Paschal Donohoe recently signed into law The European Union (Anti Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019. Among other requirements, the new rules, which […]
The financial affairs of charities and not for profit organisations has become a very topical issue in recent times. There have been numerous high-profile cases of governance breaches in many charities and not for profits, and these have had a very damaging reputational impact on the entire sector. Regulation and legislation is starting to make […]
A PAYE modernisation project currently under way has implications for all employers. The changes, set out in Finance Act 2017, come into operation on 1 January 2019. David O’Connor explains what you need to do to prepare for the new regime. Revenue’s PAYE Modernisation project will introduce ‘real time’ payroll reporting from 1 January 2019. […]
Succession planning is not just a matter of securing the future of your business. It’s also about protecting your personal financial security, explains David O’Connor. Business owners tend to delay planning for what will happen when the time comes to exit the business. Unfortunately, this can be an expensive mistake because failing to develop a […]
As your business develops, there can be advantages to restructuring as a limited company. However, incorporation is not for everyone, explains David O’Connor. For sole traders, restructuring your business as a limited company can be an attractive option, particularly if you are in the higher income tax bracket or if you need to raise funds […]