SUMMARY The Budget includes a number of measures which will benefit owners or investors in start-ups, SMEs and some larger business as well expanding S481 Film Relief amongst other things. These include: Increase in the relief available under the Start-up Relief for Entrepreneurs from €700k to €980k. Doubling in the investment limits under the Employment […]
HOW WILL BUDGET 2025 IMPACT INVESTORS & OWNERS? Read More »
Ministers Jack Chambers and Paschal Donohoe presented Budget 2025 on Tuesday 1 October 2023 as one which aims to put the country on a “firm-footing for the future”. The Budget contains a series of tax measures and additional expenditure to help families and businesses deal with rising costs. In addition, it includes significant investments in
BUDGET 2025 INCLUDES BENEFITS FOR (ALMOST) EVERYONE Read More »
From 1 July 2024 more Irish companies should be able to benefit from audit exemption and abridged filings under new company size thresholds. By George Alton A.C.G. Recent changes in EU regulations mean that more companies will now be categorised as micro, small or medium and will therefore be able to benefit from the abridgement
MORE COMPANIES TO BENEFIT FROM AUDIT EXEMPTION Read More »
Revenue has recently published new guidelines on determining the employment status of workers for tax purposes. The guidance comes following the Supreme Court judgement issued in October 2023 in the case of Revenue Commissioners v Karshan (Midlands Ltd) trading as “Dominos” which found that delivery drivers should be treated as employees rather than self-employed. In
IMPACT OF “DOMINO’S CASE” ON EMPLOYMENT STATUS Read More »
Almost 30 staff from Galway accountancy firm DHKN took time off to help COPE Galway restore the garden and outside spaces of one of its accommodations for families in the city. The family hub provides supported accommodation for up to 10 families who are without a home. The large outdoor area is used for play
DHKN VOLUNTEERS TRANSFORM GARDEN AT COPE GALWAY FAMILY HOME Read More »
Taxpayers who have availed of the Debt Warehousing Scheme (DWS) have until 1 May next to engage with Revenue to ensure that they remain eligible to avail of the scheme. What is DWS? The DWS was established at the start of the pandemic and it allowed taxpayers to defer payment of taxes until activity levels
TAX DEBT WAREHOUSING – 1 MAY DEADLINE FAST APPROACHING Read More »
Employers need to be aware that ALL gifts to employees are within the scope of the Small Benefits Exemption By Dave Hickey FCA What is the Small Benefit Exemption? Since 01 January 2022, employers can give directors (who are on payroll) and employees up to two small benefits, tax free, each year. These benefits must
THAT EASTER EGG GIFT MAY HIDE A FUTURE TAX BILL Read More »
Employers must report a lot more about tax-free payments made to employees from the start of this year. Michelle Egan C.T.A., Tax Manager with DHKN, looks at what employers and payroll departments need to look out for. WHAT ARE THE ENHANCED REPORTING REQUIREMENTS (ERR)? A new Enhanced Reporting Requirements (ERR) has come into effect from
ENHANCED REPORTING REQUIREMENTS – WHAT EMPLOYERS NEED TO DO NOW Read More »
Libby Howard, an accounting trainee with DHKN, received the highest mark in Ireland in the ACCA Financial Reporting (FR) exam in December 2023, placing 8th in the world. Libby studies with Accountancyschool.ie and she is looking forward to completing all her ACCA exams over the next couple of years. Our photo shows Libby with Maurice
DHKN TRAINEE SCORES TOP MARKS Read More »
DHKN’s Eoghan McGuire, who leads the firm’s tax compliance team, took part in the Business Leaders’ Sleep Out for Cope Galway in late November and has so far raised over €10,000 for Cope’s services for homeless people. “Despite the freezing temperature that night, it wasn’t a bad experience for me because of the camaraderie amongst
DHKN’S EOGHAN MCGUIRE RAISES OVER €10K FOR HOMELESS SERVICES Read More »
