Below you will find articles of interest to all matters of business, penned by the company's principal, John M. Shanahan.
You may access the complete article by clicking on the relevant Read More button in the article previews below. Feel free to contact us if you would like more information on any of the matters covered here.
May 31, 2018
In cases where spouses, children or other family members assist in the running of a family
business and receive payment for their work, such individuals are treated and taxed as any other employee, however the tax deductibility of wages paid to them may be open to scrutiny by Revenue.
The sole purpose for incurring the expense must have been for the purposes of the trade. Where a non-trade purpose is identified, then the Revenue will disallow such expenditure in the business accounts.
May 20, 2018
As a company director you are aware that all companies – active or dormant – are required to file an Annual Return (Form B1) with the Companies Registration Office (CRO) each year. All companies have a unique Annual Return Date known as its ARD. This date can be a maximum of 9 months after the company year end.
April 27, 2018
There are few things so frightening in business, or indeed in life, as a tax bill you can’t pay.
If you are stuggling with paying Revenue debt, the bad news is that unpaid tax bills are far more serious than other types; the Revenue do not require a Court Order to start recovery proceedings and can very easily force you into bankruptcy.
April 2, 2018
Depending on where you live, i.e. your residence and/or domicile you may be taxable on both your Irish and foreign source income, your Irish source income only or only on income that is actually brought into Ireland.
March 18, 2018
What planet is the government on when it thinks a carrot of €5,000 is going to cut any ice with a builder when it comes to renovating an unused property, the landlord would need to have access to multiples of €5,000 before a builder would entertain him when it comes to any kind of decent renovation work today.
March 14, 2018
Generally e-Working is regarded as a method of working using information and communication technology in which the work-related activity that is carried out is not bound to any particular location.
February 28, 2018
Generally, the amount of pay you receive for working is a matter for agreement between you and your employer. These negotiations normally occur when you receive an offer of a job. However, under the National Minimum Wage Act 2000, most employees are entitled to a minimum wage.
February 26, 2018
Building a reputation and growing your business takes a lot of blood sweat and tears. But it’s definitely worth it. Businesses that occupy strong positions in the market can build their customer base quickly and attain additional resources to help it growth.
Here are 5 ideas to help you grow your new business and spread the word about your excellent product or services to a broader audience.
January 30, 2018
Setting up your own limited company is a big step. And though it’s highly rewarding, there are also a number of things to consider before making that leap of fate.
There are two main options open to entrepreneurs setting up in Ireland – sole trader or limited company.
To help you to prepare for when the time comes, we’ve put together some of the limited Company option - questions, pitfalls and reasons for choice - you should consider.
January 10, 2018
In early December 2017, Revenue issued two separate notices, namely:-
Not to be ignored - these notices requires a reply, either to request a tax registration or to provide an update on the company's status.
December 21, 2017
We would like to wish you all a Merry Christmas and a Happy New Year in 2018.
Thank you for your continued support throughout the year and we hope that 2018 will be a successful year for you, your family and your business.
From all the staff.
We will close for the Christmas and New Year Holidays from Thursday 21st December 2017 at 5:30 pm and re-open on Thursday 4th January 2018 at 9:00 am.