The Companies Accounting Act 2017 and your Unlimited Company

By Philip Hayden, 1st Nov 2017 The introduction of the Companies Accounting Act 2017 has seen some significant changes in the type of unlimited company structures that can avail of non-filing of financial statements. The essence of this move is, to remove a loophole that enables an unlimited company to enjoy the protection of limited[…] Read More

New Employee Share Scheme ‘KEEP’ aims to reduce tax and retain key staff

By Helen Dyulgerov, 17th Oct 2017   As part of Budget 2018 Minister Paschal O’Donoghue announced the introduction of a Key Employee Engagement Programme or “KEEP” for short. The purpose of this programme is to encourage SME companies to incentivise employees through the award of share options, without creating a burdensome tax liability for the[…] Read More

The differences between Irish and UK Companies

By Sinead Floody, 13th Oct 2017 Why Choose Ireland? This is a question we are asked a lot by entrepreneurs looking for the perfect location to set up their new business venture. With a lot of predictions being made by economists, it is still unclear as to how Brexit will directly affect Ireland and indeed,[…] Read More

What is an Initial Public Offering (IPO)?

By Sinead Floody, 10th Oct 2017 An initial public offering (IPO) occurs when a private company offers shares of its stock for sale to the public on the open market for the first time. Typically, the shares are sold on a stock exchange, this process is also known as ‘Going Public’. By its very nature,[…] Read More

EU Shareholders’ Rights Directive & Prospectus Regulation: How will the changes affect public companies and their shareholders?

By Caitlyn Buchanan, 19th Sept 2017 The European Council have adopted amendments to the existing Shareholder Rights Directive to improve shareholder engagement and transparency of small publicly traded companies. The changes will give shareholders more say in the way a company is run, creating a system of checks and balances between those with a vested[…] Read More

Ireland awarded highest Tax Transparency Rating by the OECD

By Caitlyn Buchanan, 15th Sept 2017 Ireland has received the highest international rating on tax transparency from the Organisation for Economic Co-operation and Development (OECD), according to their latest review published on 12 September 2017. The OECD is an intergovernmental organisation founded in 1960 to stimulate economic progress and world trade. It is supporting the global[…] Read More

An Update on the Companies (Accounting) Act 2017

By Sinead Floody, 21st August 2017 The Companies (Accounting) Act 2017 (the 2017 Act) was signed into law on 9th June 2017, transposing Directive 2013/34/EU of the European Parliament into Irish law. The enactment of this legislation extends the definition of Unlimited Companies and introduces the new Micro Company. Unlimited Companies  The 2017 Act eliminates[…] Read More

Avoiding Share Valuation Disputes in Irish Companies

By Brendan Ringrose Corporate lawyer and Partner Whitney Moore Solicitors 17th Aug 2017 Disputes often arise in relation to the value of the shares in an Irish private company. This is often relevant when a shareholder in a company decides to sell his or her shares. The best way to avoid costly and time-consuming disputes[…] Read More

My Company’s Annual Return is Late – What do I do now?

By Sinead Floody, 9th Aug 2017 Unfortunately, this is a common enough question that we get asked by start-up companies. The implications of not filing on time are quite significant if accounts are also late as part of the annual return. The First ‘6 Month’ Annual Return If your company’s first annual return (due 6[…] Read More

Creation of Central Register of Beneficial Ownership Postponed until Q1 2018

By Andrew Lambe, 12th June 2017 (Updated 19th October 2017) We have recently learned that The Department of Finance has postponed the implementation of the Central Register of Beneficial Ownership until Q1 2018 at the earliest. This was the second and final part of Ireland’s implementation of the 4th EU AML Directive (AML4D) with the first[…] Read More