Most businesses in Ireland are SME’s and many are family-owned. At some stage the founder or current owners will need to consider succession planning and retirement, whether it’s passed on to another generation or sold outside the ‘family’. By Dave Hickey F.C.A. Why is a succession plan so important? Life happens—and unless you have a …
Earlier this year the government announced an extension of The Business Energy Support Scheme. Some of the changes required EU approval and this has now been received. Full details are set out in the attached bulletin from DHKN’s tax experts. Please feel free to share with your colleagues, customers and suppliers. Note: The changes outlined …
Temporary measures to reduce impact on employees By Robert Lohan C.T.A., F.C.A. Last October’s budget indicated that the system of calculating BIK on company vehicles would encourage the use of electric and lower emission vehicles. However, the impact of these changes on employees’ take home pay on top of the cost of living crisis, has …
FURTHER CHANGES TO COMPANY VEHICLE BIK RULES FOR 2023 Read More »
DHKN’s 2023 brochure outlines the general services we provide. For more in-depth information on some of our specialist areas such as Medical Professional, Charities, Credit Unions, etc. please contact us directly by email to Dave Hickey at dhickey@dhkn.ie
October and November are busy months for taxation changes and new government supports as the plans outlined in the budget take shape. We’ve issueD three bulletins in the past few weeks on: Changes to how Benefit in Kind is calculated on vehicles supplied to employees The Temporary Business Energy Support Scheme (TBESS) An extension to …
NEW PUBLICATIONS: CATCH UP ON THE ENERGY SUPPORT SCHEME, TAX WAREHOUSING AND BIK Read More »
By Robert Lohan, Tax Director, DHKN Revenue’s Debt Warehousing Scheme (DWS), established at the start of the pandemic, allowed businesses to defer payment of taxes until activity levels returned to some level of normality. Any unpaid debt has been interest free so far and is due to start incurring interest at 3% from 1 January …
REVENUE DEBT WAREHOUSING: RECENT CHANGES AND WHAT YOU NEED TO DO NOW Read More »
New BIK rules may be costly for staff By Robert Lohan, Tax Director at DHKN From 1 January 2023 Benefit in Kind (BIK) on company cars will be calculated by reference to their CO2 emissions. The BIK on company vans will also increase, from 5% to 8% on this date. For many employees this will …
HOW WILL THE NEW VEHICLE BIK RULES IMPACT YOU AND YOUR STAFF? Read More »
Ministers Donohoe and McGrath presented Budget 2023 today as the “Cost of Living Budget”. The Budget contains a series of tax measures and additional expenditure to help families and businesses deal with rising costs. The Budget includes one-off measures worth €4.1 billion and budgetary measures for 2023 worth €6.9 billion. TAXATION MEASURES text INCOME …
By Dave Hickey I’ve written before on how I have ‘returned to my roots’ at DHKN after a gap of 38 years. I didn’t realise that a part of me physically remained here until DHKN’s Robert Lohan, Director of Tax Planning, came into my office looking for an old tax reference book. It turns out …
PLAN NOW TO MINIMISE YOUR 2021 & 2022 TAX BILLS By Dave Hickey 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 July, there is something to be said to looking ahead to the end of 2022 to see what can …
