Can I Claim Entrepreneurial Relief if I Liquidate My Company?
Amanda Souza
Are you considering liquidating your company or disposing of your business assets? Understanding the tax implications of such actions is crucial for any entrepreneur. One important relief to be aware of is Entrepreneurial Relief, which offers favourable tax treatment for qualifying individuals. …
Extension of Pay & File Deadline for ROS Customers in 2024
Revenue has announced an extension to the ROS return filing and payment date for certain self-assessment Income Tax customers and those liable to Capital Acquisitions Tax (CAT). …
Challenges of Running an Owner – Managed Business
As a business owner, you're no stranger to the juggling act of managing work commitments alongside personal responsibilities and aspirations. Between the demands of running your business and attending to your personal life, finding time to strategise for long-term success can feel like an uphill …
10 Benefits of Accounting Automation for Your Business
In the past year, businesses worldwide have increasingly focused on cost-cutting measures, targeting inefficiencies across their business. Yet, amid this drive for optimisation, many overlook an obvious solution: accounting automation. Exploring the realm of automated accounting reveals a range of benefits to your business. …
Tax Warehouse Payments are Due on 1 May 2024
On February 5th, 2024, the Minister for Finance declared that the interest rate applicable to warehoused debt would be reduced to 0%. This significant development aims to alleviate financial burdens on businesses, offering relief during these challenging times. …
Increased Cost of Business (ICOB) Grant
Eligible businesses who pay rates will receive a once-off grant payment in 2024. The amount of the grant is based on the value of the 2023 Commercial Rates bill for the property your business occupies. However, it is not a Commercial Rates waiver and businesses …
How To Read a Balance Sheet
A balance Sheet is one of the fundamental financial statements that provide a true and fair view of your business entity’s financial position as of a specific date. It displays all the financial assets and liabilities of the business. Assets are what the business owns …
Top Tips When Applying For a Business Loan in Ireland
Securing funding for your business can be an essential step towards growth and expansion. Whether you're an entrepreneur starting out or an established company looking to elevate your operations, the process of obtaining a business loan can seem daunting. However, with the right guidance and …
Understanding the Special Assignee Relief Program (SARP)
Income tax relief is available to employees who have previously worked for their employer for at least 6 months in a country with which Ireland has a double taxation agreement or a tax information exchange agreement. Whether you continue working in Ireland for your foreign …
Revenue Announces 0% Interest Rate for Liabilities in Debt Warehousing Scheme Implementation
Revenue has confirmed the implementation of 0% interest rate for Liabilities within the Debt Warehouse Scheme …
