Category Archives: Advices
Business Formation Part 3 – Limited Company
We are now at the final part of the 3 Part series covering the main options open to anyone wishing to start a business. This option is to form a Limited Company. There are number of types of limited company … Continue reading
Business Formation 2 – Partnerships
In Part I we looked at the option of starting up a business as a Sole Trader. In this second of three articles we now look at Partnerships and whether this may be the most attractive form of Self-Employment for … Continue reading
Business Formation Part 1 – Sole Traders
Contrary to what many people might think, there are still significant numbers of people setting up new business ventures. For example, in the week ending March 30th, CRO statistics show that 335 Limited Companies were formed and 254 Business Names … Continue reading
2010 Self Assessment Income Tax
If you are Self Employed, you may have noticed recently that there has been some debate as to whether the October 31st deadline for the submission of 2010 Self Assessment Income Tax Returns (Form 11, Form 11E and Form 12) should be brought forward to September 30th 2011. Continue reading
Payroll for Employers
If you are one of the many people who had problems with your payroll in 2010 and wrestled with the calculation and submission of your 2010 P35, the good news is that the start of the Tax Year is the time to ensure that these problems do not reoccur in 2011. By putting a proper system in place at the start of the Tax Year, you will ensure that you avoid any of the problems associated with payroll as the year progresses. If on the other hand, you wish to enrage even the most timid of Employees you should make some mistakes in the calculation of their payslip. This is a sure-fire way to cause friction with your Employees. An Employee who thinks that he/she is being ‘done’ on their salary will not be a happy and productive part of your team. Continue reading
P60 and Income Levy Certificates
When an Employer finalises their 2010 P35 for submission to the Revenue Commissioners, they should also issue the 2010 P60 and Income Levy Cert to each employee who was on the payroll at year end. Continue reading
Employers Year End Return (P35)
By now (January 25th 2011), Employers should have submitted their final P30 for 2010 to the Revenue Commissioners. This P30 was due to be received by the Revenue Commissioners no later than January 15th. Whilst some employers file Monthly P30s and some avail of certain exemptions that entitle them to the Quarterly P30 filing option, both groups were due to file their final P30 for 2010 in January 2011. Continue reading
Employers P35 Return
If you’re an accountant, February 14th isn’t all about flowers and chocolates. It’s an important day for Employers because it’s the last day before the deadline (15th February) for the submission and payment of the 2010 P35 Returns to the Revenue Commissioners. Continue reading
The Similarities between changing your engine oil and maintaining your accounting system…
No, this is not an article about motor maintenance; however, maintaining your accounting system is similar to changing the oil in your car. In short, if you don’t maintain them both, they will cost you more money in the long run. Continue reading
Managing Your VAT to Improve Your Cash Flow
n today’s market where cash is king it’s important to have a greater control over your cash flow and to look at ways to improve it. One way to improve cash flow is to look at your system of recording and paying VAT. Continue reading
RSS Feed