Subsequent event reporting; what is it and why is it an important consideration in the preparation of your company’s financial statements? It is the responsibility of the Directors to consider if any significant events occurred after the balance sheet date and before the date of signing the financial statements. Where a significant event has occurred, [...]
‘The values of Baker Tilly are; Excellence, Integrity, Commitment, No Ego and Drive. They are at the heart of what our firm is about. As part of our support of the All-Ireland Camogie 7s at Kilmacud Crokes, Baker Tilly are delighted to highlight team members and their stories; these players represent our values every day [...]
The values of Baker Tilly are; Excellence, Commitment, Integrity, No Ego and Drive. They are at the heart of what our firm is about. As part of our support of the All-Ireland Camogie 7s at Kilmacud Crokes, Baker Tilly are delighted to highlight team members and their stories; these players represent our values every day [...]
The seeds of the Camogie Sevens were sown back in May, 1974 when the first tournament was held. For the next two years it was held in May, until the late Pádraig Purséil suggested it be moved to the eve of the Camogie All-Ireland in September. Now in its 46th year, the sporting event is [...]
In this week’s article we analysis the Research & Development (“R&D”) tax credit regime and the impact this valuable relief can have on Irish SMEs. R&D credits can provide great cash flow benefit to companies in the SME sector and encourage investment in the employment of highly skilled specialists. The R&D tax credit results in [...]
Every company formed in Ireland must have a Constitution (formerly known as a Memorandum & Articles of Association). The company’s Constitution should be a well-written document; it sets out the rules and regulations of how a company is to be internally governed, and how it will conduct its business activities. The Constitution also sets out [...]
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 [...]