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What You Need to Know To Reduce Your Chances of A Revenue Audit

revenue audit

Recent focus of Revenue Commissioners audit teams have been on the ‘contracting’ sector and particularly on travel and subsistence expenses claims made by engineers, IT and other contractors by individuals operating through their own Limited Company. A total of 170 cases are currently under … [Read more...]

Accounting for SME Business Start-Ups: New Proposals to Reduce ‘Red Tape & Bureaucracy’

Cut Red Tape

If recent proposals,  announced in Budget 2013 by Minister Michael Noonan, are adopted then we will see a significant reduction in 'red tape & bureaucracy' in accounting for SME self employed businesses. The proposals, part of the ten point plan introduced in the Finance Bill on 13 February … [Read more...]

Finance Bill 2013 to be Issued 13th February: Any Roses, Chocolates or Sweeteners for Irish Businesses this Valentine’s Day?

Finance Bill 2013

On the Eve of Valentine's 2013, Finance Minister Michael Noonan will issue his second Finance Bill and it is questionable whether there will be any early Valentines gifts in the detail for Ireland's Small & Medium Sized Business community. At a time when the Bank credit squeeze continues and … [Read more...]

Irish Budget 2013 to Provide Certainty to Investors?

As an accountancy & business advisory firm based in Cork  doing business online since the early days in February 2000,  O'Mahony Donnelly has more than its fair share of international business, expatriates, non-domiciled tax clients & foreign owned limited companies  & branches … [Read more...]

O’Mahony Donnelly Accountants Ireland to Attend International Services Forum in Berlin

International Accountancy Services I have just made final travel arrangements today for the upcoming Enterprise Worldwide 'International Services Forum' being held this year in Berlin, Germany on 22nd to 23rd October. This is an annual meeting for all members who provide International accounting … [Read more...]

Asia Matters Forum in Dublin 25th May 2012

Managing Partner, Michael O'Mahony is at the Asia Matters EU Asia Top Economist Round Table being held today in Dublin. The theme: The growth of Asia - Implications for Europe and the World Economy. Follow along on Twitter via #asiamatters or see the live stream below (may not work on iPhones/iPads … [Read more...]

Finance Act 2012 Provides Tax Incentives for Relocation of Employees to Ireland

Finance Act 2012 updated and introduced a new SARP relief (special assignee relief program). We have recently been involved advising clients on the implications of this relief. The relief provides incentive to foreign companies and their employees and reduces employees salary from income tax … [Read more...]

Change In Pension Rules For Pre-1953 PRSI Contributions

Following a change in Irish tax law in May 2000, thousands of Irish pensioners have increased their income by €3,175 (IR£2,500) per annum. Prior to the change social insurance contributions made as employees prior to 1953 did not count towards old age (contributory) pension entitlements. To … [Read more...]

Looking to take the next step in your Accountancy Career?

We now have open a challenging role in our firm: Full-Time Audit / Accounts / Taxation Senior. This position would suit a well organised individual with a positive and proactive approach and a commitment to providing a high level of client service. If you have a  recognised accountancy … [Read more...]

Starting Up in Ireland? – €10million Fund Set Up to Attract International Start-Ups

enterprise-ireland

It was announced last week that Enterprise Ireland, "the government organisation responsible for the development and growth of Irish enterprises in world markets", has set up a €10million fund to attract international entrepreneurs to set up in or relocated to Ireland. One of the qualifications … [Read more...]