The updated European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 may affect your business. Failure to comply with these regulations may result in penalties between €5,000 - €500,000. The previous filing obligation for companies and relevant entities On 15 November 2016 Ireland implemented the European Union’s (EU) Fourth Anti-Money Laundering Directive by [...]
When is the best time to sell? When profits are rising and the future looks good. How should you market your business? Professionally. This is probably the biggest transaction you’ll ever undertake. How much is your business worth? It is worth how much a prospective purchaser is willing to pay, this may be more or [...]
As the preliminary income tax deadline for the 2018 year approaches, many business owners operating as sole traders may be facing large or increasing income tax liabilities. With a view to managing this liability, one possible solution could be to establish a company. Reduced Tax Rate of 12.5% on Profits The main attraction for business [...]
What is business resilience? The concept of business resilience has been attracting a lot of attention recently; and with businesses across Ireland preparing for the changes that will be brought about from Brexit, improving resilience has never been more important. Business resilience can be described as an organisation’s ability to anticipate, prepare for, respond to [...]
With children going back to school in the coming days, it is estimated that parents are set to shell out €1,048 over the course of this year, this is up €80 on last year’s average spend. The biggest expenditure tends to be extracurricular activities, followed by school lunches, books and then uniforms. Research shows parents [...]
Changes to the Tax Appeal Process The Finance (Tax Appeals) Act 2015 was signed into law on Christmas day 2015 and has been commenced by ministerial order with effect from 21 March 2016. Key changes A new body known as the Tax Appeals Commission (the TAC) has been established which replaces the existing Office of [...]
The term black market refers to any situation where goods or services are exchanged illegally, due either to the goods or services being illegal in themselves or the transaction itself being illegal, or both. It covers a multitude, from the seemingly innocuous buying of knock offs at a market stall to international crime gang activity. [...]
Why? Supermarkets are normally noisy, busy places with bright lights, computers, in-store music and escalators. They can be full of customers rushing around with trolleys and staff bringing stock around on big pallets. Shopping can be stressful and tiring for most of us but for some it can be almost unbearable. Many people suffer from [...]
Kieran McCarthy, author of Family Business, A Survival Guide, discusses key policies to avoid conflict in family business. Read the full article here.
“While our firm may have our origins dating back a century ago, I believe that our tax planning ideas are very much of today”, Tax Partner Alma O’Brien commenting at the Hughes Blake Annual Tax conference. It was a 100 years ago when Frederick G Blake started his career as Surveyor of Taxes in Dublin [...]