By Company Bureau Formations, 31st May 2023 (Updated 28th November 2023) Why is the Protected Disclosure (Amendment) Act 2022 (“the Act”) relevant to my business? As an employer, the responsibility falls upon you to ensure you effectively address disclosures of misconduct, aligning with the Act. Employees are now afforded greater protection in reporting unlawful or immoral […]
By Shannon Power, 28th November 2023 Corporate tax rates play a pivotal role in shaping a country’s economic landscape and attracting foreign investment. In Europe, the diversity in tax policies has created a spectrum of opportunities and challenges for businesses. Among the nations that stand out, Ireland has gained widespread attention for its favourable corporate tax […]
Commencing on January 1st, 2024, the Revenue authority is instituting a transformative framework known as Enhanced Reporting Requirements (ERR). This initiative mandates employers and payroll processors to furnish comprehensive details pertaining to specific disbursements made to both company directors and employees. The inaugural phase of ERR will focus on the following tax-free payments and what […]
By Shannon Power, 1st November 2023 In the dynamic landscape of business regulations, keeping up-to-date with the latest changes is crucial, especially for small and micro-sized companies that form the backbone of our economy. Recently, there have been discussions about revising the audit exemption rules, sparking conversations within the business community. The proposed changes, brought forward […]
By Nicola Fitzpatrick, 11th October 2023 Macroeconomic Update Minister Michael McGrath relayed yesterday that looking at the state of the Irish economy there are many positives, including a country at full employment with a record high of over 2.6 million people at work. The minister also acknowledged there are capacity constraints in the economy, and these […]
The requirement for company directors to provide Personal Public Service Numbers (PPSN) came into force on 11 June 2023. After three months, the system has bedded in and the CRO has been able to identify some particular issues that presenters and directors may wish to address. To take a typical day (26/09/2023), for example, there […]
By Andrew Lambe, 5th October 2023 (Updated 13th November 2023) In pursuit of improved regulatory compliance, the Companies Registration Office (CRO) has undertaken significant efforts of late to enforce regulatory requirements and encourage good corporate governance. In July, the CRO doubled down on these compliance efforts by issuing warning letters to companies that had failed […]
By Shannon Power, 5th October 2023 In a significant leap toward ensuring fair and consistent taxation across the European Union (EU), the European Commission unveiled ground-breaking proposals on 12th September 2023. These proposals, the Business in Europe: Framework for Income Taxation (BEFIT) Directive and the Transfer Pricing (TP) Directive, aim to revolutionise the EU’s corporate tax […]
By Kasia Gawel, 29th August 2023 As September rolls around, small business owners in Ireland find themselves at a critical juncture for tax filings and tax deadlines. With the summer season winding down and the business landscape shifting, it’s crucial to stay on top of your tax responsibilities to ensure compliance and avoid unnecessary penalties. […]
By Nicola Fitzpatrick, 29th August 2023 In the world of business, change is inevitable. Companies evolve, grow, and sometimes even restructure to adapt to shifting markets and emerging opportunities. One such method of reorganisation that often arises in Irish limited companies is the concept of share transfers. But what exactly are share transfers, and how […]
