Budget 2018 – What Do You Need To Know?

Budget 2018 Paschal Donohoe, Minister for Finance and Public Expenditure and Reform, has delivered his maiden budget speech and set out the first set of budgetary measures from the government under the leadership of Taoiseach Leo Varadkar. Budget 2018 spread the jam thinly. The winners are middle-income earners. The big news for business was the new rate of stamp duty … Read More

PAYE Modernisation – What You Need to Know

Overview The Minister for Finance, Mr. Michael Noonan TD, announced the launch of Revenue’s public consultation process regarding the modernisation of the Pay As You Earn (PAYE) system in his budget statement of 11 October 2016. PAYE modernisation will involve the most significant reform of the PAYE system since its introduction in 1960. The new real time reporting regime will be operational … Read More

Travel & Subsistence – Current Civil Service Rates

New Civil Service mileage rates and bands came into effect on 1 April 2017. The Department of Public Expenditure and Reform released a circular which details the changes. There have also been changes to the domestic subsistence rates, along with the subsistence allowances paid when abroad. These changes also take effect from 1 April 2017. Travel & Subsistence – Current … Read More

May 2017 Newsletter

Paul O’Donovan, Chartered Accountants, Cork would like to welcome you to our Newsletter for May 2017 following on from the success from our 3rd annual conference  in Cork. Includes; SME Sector Ireland Seminar, FRS102, Upcoming Tax Deadlines, Home Renovation Incentive, Health Expenses Tax Relief, Paternity Leave

“Strategic Growth and Leadership of the SME sector in Ireland in 2017/2018”

Our 3rd annual conference “Strategic Growth and Leadership of the SME sector in Ireland in 2017/2018″ held in the Clayton Hotel, Cork 31st March 2017. –more–> EXAMINER ARTICLE: -to-uk-have-18-months-to-prepare-for-life-with-trade-tariffs-post-brexit-446650.html” target=”_blank” rel=”noopener noreferrer”>Exporters to UK have 18 months to prepare for life with trade tariffs post-Brexit PRESENTATIONS FROM GUEST SPEAKERS: Ciaran Desmond –  View PDF Presentation John Finn – -content/uploads/2017/03/John-Finn-Treasury-Solutions-POD-pres-mar-2017.pdf” target=”_blank” … Read More

Paternity Leave & Benefit Act 2016

With effect from 1 September 2016, new parents (other than the mother of the child) are entitled to paternity leave from employment or self-employment following birth or adoption of a child. The Paternity Leave and Benefit Act 2016 provides for statutory paternity leave of 2 weeks. The provisions apply to births and adoptions on or after 1 September 2016. You … Read More

Reward. Motivate. Save Tax.

Under Irish Revenue’s Small Benefits Exemption Scheme since 22 October 2015, employers can now reward employees with a non-cash bonus of up to €500 in value completely tax free each year. Provided certain guidelines are followed neither the company nor the employee will pay PAYE, PRSI or USI, potentially saving €653.65 in tax. There is no paperwork and no return … Read More