Sheil Kinnears Budget 2024

Budget 24 continued the current Government’s policy of increasing the entry point for tax payers into the higher rate of tax with increases in the lower rate band and an increase in tax credits announced. There are big changes in Retirement Relief coming down the tracks in 2025 so anyone with business assets to transfer […]

Finance Bill 2022

  Finance Bill 2022, which implements the tax changes announced on Budget Day, is currently making its way through the Oireachtas. Depending on your circumstances, measures contained in this Bill are likely to affect you and/or your business in the coming months. In addition, Revenue have announced changes to mileage and subsistence rates, an extension […]

Support for Small Businesses affected by flooding 

Small businesses, sports clubs, community and voluntary organisations affected by flooding in Wexford on 25/26 December 2021 may be eligible for assistance under an Emergency Humanitarian Support Scheme. The scheme, which is for businesses that have been unable to obtain flood insurance, will provide a payment for eligible businesses towards the costs of returning their […]

Update on Government Support for Businesses affected by COVID-19 Public Health Restrictions

Recent changes to the Covid Restrictions Support Scheme (CRSS), the Employment Wage Subsidy Scheme (EWSS), and the Tax Debt Warehousing Scheme will help certain businesses affected by public health restrictions, explains AIDAN O’GORMAN. Following the introduction of certain additional public health restrictions, the Government recently announced changes to three COVID-19 support schemes: Covid Restrictions Support […]

PAYE — Transition from 2019 to 2020

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 […]

Beneficial Ownership of Corporate Entities Rule Change

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 […]