Companies Voluntary Strike-Off & CRO Enforcement Proceedings Update

Companies Voluntary Strike-Off & CRO Enforcement Proceedings Update

By Andrew Lambe, 7th March 2024 Please note that there are significant delays in obtaining letters of no objection from the Revenue Commissioners for companies that wish to avail of voluntary strike-off due to ‘the large volume of cases at present’. These applications are dealt with by The National Companies Unit and they have acknowledged the […]

5 Essential Tips for Starting a Company with Family or Friends

Starting a Company with Family

By Shannon Power, 28th February 2024 Starting a business with family or friends can be an exciting endeavour filled with promise and potential. However, it also comes with its own set of unique challenges. In Ireland, where entrepreneurship is thriving, navigating the complexities of starting a company with loved ones requires careful planning and consideration. Here […]

Legislation Governing UK Companies to Change from 4th March 2024

Legislation Governing UK Companies to Change from 4th March 2024

By Andrew Lambe, 23rd February 2024 The legislation governing UK companies will change from 4th March 2024, as part of the recently published Economic Crime and Corporate Transparency Act. Several important changes coming down the track include: Greater powers to the registry: The registrar will have enhanced powers to improve the quality and accuracy of the […]

Understanding CRO Submission Rejections: 10 Key Factors

10 key factors contributing to rejected CRO submissions

  In Ireland, the process of incorporating a company involves meticulous attention to detail to ensure submissions to the Companies Registration Office (CRO) are accurate and compliant. However, several common pitfalls can lead to CRO submissions being returned. Here are 10 crucial factors contributing to returned submissions: 1. Incorrect PPSN Number The Personal Public Service […]

Irish Businesses Receive Extended Virtual Meeting Relief: Companies Act Amendments Continue Throughout 2024

Extended AGMs Deadline to End of 2024

By Shannon Power, 8th January 2024 In a significant move to support businesses navigating the challenges posed by the ongoing COVID-19 pandemic, Minister for Trade Promotion, Digital, and Company Regulation, Dara Calleary TD, recently announced that the interim period of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 related to the holding of virtual meetings, including Annual […]

Ireland Implements New Minimum Tax Rate on Profits for Large Firms

New Minimum Tax Rate Ireland

By Shannon Power, 5th January 2024 In a significant development for the business landscape, on the 1st of January 2024, Ireland implemented a new minimum tax rate on profits for certain large firms. The move aims to address concerns about corporate tax avoidance and ensure a fair contribution from corporations towards the national economy. Let’s delve […]

The Digital Operational Resilience Act (DORA) and its Impact on Ireland’s Financial Services Sector

DORA and its Impact on Irelands Financial Service Sector

By Shannon Power, 30th November 2023 In an era dominated by digital transformation, the financial services sector plays a pivotal role in ensuring economic stability. With the ever-growing reliance on technology, the need for robust digital operational resilience has become paramount. The Digital Operational Resilience Act (DORA) emerges as a significant legislative milestone, and its implications […]

The Protected Disclosure (Amendment) Act 2022

Protected Disclosure Amendment Act 2022

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 […]

Navigating Corporate Tax in Europe & the Benefits of Ireland’s Tax Rates in 2023

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 […]

Revenue to Introduce Enhanced Reporting Requirements (ERR)

ERR

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 […]

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