John M Shanahan & Co.

linking practice to business

Chartered Accountants
Registered Auditors

Phone: 057 93 22100

email: info@shanahan.ie

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.

Training Online Voucher Update

Financial Supports for Business - Training Online Voucher Scheme, a “Reboot Grant” for small businesses.

May 27, 2020

 

 

 

 

 

 

 

We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have taken a moment to look at another key Grant Aid chanelled through your Local Enterprise Office (LEO).


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Revenue has upped its Game.

Business will now get more proactive support from Revenue in a concerted effort by Government to ensure companies & business's stay afloat.

March 16, 2020

 

Chartered Accountants Ireland has continued its engagement with Revenue, around the impact of COVID-19, and potential effect on filing deadlines, cashflow and ongoing effect on business generally. To date, the following more focused updates have been received.

 

 

 

 

 

 

 

 

We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have taken a moment to look at what they are saying.


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The Covid-19 Environment & State Bodies Response

Business will only get very measured support from State Body Stakeholders when it comes compliance, finance and Taxes.

March 13, 2020

 

Chartered Accountants Ireland has been engaging with the Companies Registration Office, Revenue, the Central Bank and other key government agencies and stakeholders around the impact of COVID-19, and potential issues with filing deadlines etc. To date, the following very measured updates have been received.

 

 

 

 

 

 

 

 

 

 

 

We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have taken a moment to look at what they are saying.


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Transactions between Directors and their Company

Companies and their directors are seen as two separate legal entities and should be treated as such.

March 10, 2020

 

When a director wishes to borrow money from their company for personal use even for a short period of time there are a number of legal restrictions to be considered.

 

 

 

 

 

 

 

 

 

 

We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have taken a moment to look at how to navigate these hurdles.


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Tax Deductible Expenses incurred by an Employee

While Revenue are continually obsessed with policing the masses, i.e. the low lying fruit, the deductibility of typical expenses that may be incurred by an employee is always subject to close scrutiny.

January 29, 2020

 

Revenue's Tax and Duty Manual sets out the principles, based on case law, for determining the tax deductibility of general expenses incurred in the performance of the duties of an employment.

 

 

 

 

 

 

 

We at, John M Shanahan & Co, Chartered Accountants, Tullamore, Co Offaly have taken a moment to look at how this can implemented in practice.


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