The reduced 9% VAT rate for tourism, hospitality and some other services will expire at midnight on 31st August 2023 and return to 13.5%. The 13.5% rate was lowered to 9% in November 2020 to help stimulate activity in the tourism and hospitality sectors during the pandemic. This reduced rate was due to revert back […]
VAT RATE FOR TOURISM AND HOSPITALITY RETURNS TO 13.5% FROM MIDNIGHT Read More »
Peace of mind is usually the top reason given for making a timely and complete tax return but there are many others. By Dave Hickey FCA As we enter the last quarter of the year, we are nearing a plethora of tax deadlines, as outlined previously here. If you have earnings outside the PAYE net
TAX DEADLINES ARE LOOMING: WHY YOU NEED TO FILE YOUR TAX RETURN Read More »
Small non-taxable payments to employees will have to be reported to Revenue from 2024 placing another requirement on employers and their payroll functions. By Michelle Egan, AITI, CTA A new Enhanced Reporting Requirements (ERR) process is being introduced by Revenue for 2024 and later years to capture details of some non-taxable payments made to employees
EMPLOYERS SHOULD PREPARE TO REPORT EMPLOYEE BENEFITS Read More »
Setting up a company to capture income from private practice can have significant financial benefits for medical professionals. Brian Fallon FCCA, CTA, Director of DHKN Medical, looks at how this can work best. For over 10 years medical professionals have been able to reduce the taxation on their income from private practice by establishing a
FINANCIAL BENEFITS FOR MEDICAL PROFESSIONALS FROM INCORPORATION Read More »
Plan now to minimise your 2022 & 2023 tax bills By Dave Hickey F.C.A. It’s Race Week in Galway and, as ever, I was told yesterday: “We won’t feel it now until Christmas”. While it’s still only early August, there is a lot to be said to looking ahead to the end of 2023 to
GET AHEAD OF THE FIELD: 2023 TAX DEADLINES AND 2024 CASH PLANNING Read More »
Sustainability reporting is often seen as the domain of large corporates, but SMEs can benefit too. By Dave Hickey F.C.A. Social and environmental sustainability is often seen as more relevant to big multinational companies (MNCs) than to SMEs, small-to medium enterprises employing no more than 250 people. MNCs are more likely to have a sustainability
WHY SMEs SHOULD REPORT ON THEIR SUSTAINABILITY PERFORMANCE Read More »
By Dave Hickey F.C.A. When building a team, you need to find the right balance. What role do you play in your organisation? Is it the right one for the business now? Does your business have the right balance between agility and order; between creativity and inertia? A good friend who is a serial entrepreneur
ARE YOU A FINDER, MINDER OR GRINDER? Read More »
By Dave Hickey F.C.A. Sole Trader and Limited Company are two of the most common business structures in Ireland. If you’re just starting out, or even if you’ve been in business for a while, you may be wondering what is the best option for you. Below we look at some of the considerations, but this is
SOLE TRADER VS LIMITED COMPANY Read More »
Forthcoming changes on how tax on income from properties owned by non-residents place more responsibility on the landlord for the proper reporting and withholding of tax. By Eoghan McGuire C.T.A., F.C.A. and Yvonne Moloney A.C.C.A., C.T.A. From 1 July 2023, Revenue will introduce a new administrative regime for rent paid to non-Irish resident landlords. There
TAX FOCUS ON NON-RESIDENT LANDLORDS Read More »
30 staff from DHKN’s Galway office took part in the firm’s Community Action Day last week, planting and gardening at two houses run by COPE Galway as well as cleaning up in Barna Woods/Cappagh Park. The gardens at COPE’s Bridge House and Osterley Lodge are a valuable resource for the residents of both, giving them
DHKN STAFF CLEAN UP AND DIG IN FOR LOCAL CHARITY Read More »
