Business

From 1 January 2024, three types of benefits that are made without the deduction of tax must be reported to Revenue when they are paid to employees or directors. Collectively known as ‘reportable benefits’, they are: The remote working daily allowance of €3.20;  Travel and subsistence expenses; and The small benefits exemption. In November 2023, […]

Here is how applying Mayo’s Human Relations Theory can foster a more harmonious and productive workplace. Mayo’s Human Relations Movement, an enduring pillar in management theory, resonates deeply in contemporary business environments. Applying its principles can result in a more productive workplace, as well as a better culture in the firm, overall. At the heart […]

Underserviced markets are groups of customers or potential customers who have unmet or underserved needs, problems, or preferences in your industry. They may be overlooked, ignored, or underserved by your competitors, or they may be new or emerging segments that have not been addressed yet. Underserved segments can offer you opportunities to create value, differentiation, […]

KEY FILING DATES – NOVEMBER 2023 TAX HEAD RETURN PERIOD PAYMENT & FILING DATE Dividend Withholding Tax DWT October 2023 14th November 2023 Professional Services Withholding Tax (PSWT) F30 October 2023 14th November 2023 Income Tax Extension of pay and file deadline 15th November 2023 Capital Acquisitions Tax Extension of pay and file deadline 15th […]

Budget 2024 took place on 10 October 2023. Revenue’s Summary of Budget 2024 can be viewed here. Key measures announced in the Budget include: Income Tax The standard rate band is to be increased by €2,000 to €42,000. There will be proportionate increases for single-person child carers, married couples, and civil partners. Various other tax […]

Management shortcuts – here is how managers can leverage the power of heuristics to speed up decision-making processes. A heuristic is any approach to problem-solving that employs mental shortcuts to simplify a set of circumstances to quickly reach a reasonable conclusion or solution. Heuristics are part of how the human brain is wired. The brain […]

TAX HEAD RETURN PERIOD PAYMENT & FILING DATE Dividend Withholding Tax DWT September 2023 14th October 2023 Professional Services Withholding Tax (PSWT) F30 September 2023 14th October 2023 PAYE/PRSI/USC/LPT Monthly Deductions September 2023 23rd October 2023 PAYE/PRSI/USC/LPT Quarterly deductions July – September 2023 23rd October 2023 Relevant Contracts Tax (RCT) RCT Monthly Return September 2023 […]

Here is all you need to know about the proposals for the participation exemption for foreign dividends. A Roadmap to the Introduction of a Participation Exemption to Irish Corporation Tax has been published, setting out a timeline for the introduction of a participation exemption with respect to foreign dividends and foreign branch profits. A public […]

Managing key person risk should be an integral part of any well-rounded business strategy. Key person risk entails the potential disruption and uncertainty that can arise when an essential team member, often possessing distinctive skills, knowledge, or influence, is suddenly incapacitated and unable to contribute to the functioning of the business. Effectively managing key person […]

Employee financial wellbeing – here is why businesses are starting to realise the importance of helping employees feel secure about money. In the current economic environment, many businesses are acknowledging the profound impact of employee financial wellbeing on overall productivity and job satisfaction. A cornerstone of this effort lies in the provision of financial literacy […]