One of the toughest decisions that any family business may face is whether the business will be passed on to family members or sold by the retiring generation. This decision not only threatens the continuity of the business, but can threaten the family unit itself and often leads to costly litigious disputes. There are many […]
Category: News
Write-Off Debt for Homeowners
Eligible customers will have mortgage split in two and bank will discount loan. AIB is set to write-off debt immediately for homeowners in arrears who are deemed eligible for a new split mortgage product. Under the plan, a customer deemed eligible for a split mortgage will have the loan broken into two tranches. The first […]
SEPA Post February 1st Deadline
We have now passed the original SEPA migration deadline of Feb 1st, 2014. In January, due to slower than expected migrations across the SEPA zone, the European Commission allowed for an extended 6 month window to accommodate companies who were having difficulties with their migrations. Individual member states are allowed to decide how much of […]
Mandatory Filing of iXBRL has Commenced
Since November 2012, Revenue Corporation Tax and Income Tax filers have had the option to file financial statements in iXBRL format via ROS (Revenue On-line Service). iXBRL (inline eXtensible Business Reporting Language) is a language which allows financial information to be communicated and presented in a format that may be recognised and read by both […]
CGT Exemption for Assets
TIME IS RUNNING OUT! ‘Where land or buildings are acquired between 7 December 2011 and 31 December 2014, and held for at least 7 years, the chargeable gain will be reduced in the same proportion that 7 years bears to the period of ownership of the relevant asset. For example, if a building which has […]
Reduced Filing Requirements
From 1st, January, 2014, reductions in the filing and payment frequencies for VAT, PAYE/PRSI and RCT by smaller businesses are being extended as summarised below: Businesses making total annual VAT payments of less than €3,000 are eligible to file VAT returns and make payments on a 6 monthly basis; Businesses making total annual VAT payments […]
Local Property Tax Surcharge
Chargeable Persons for Income Tax, Corporation Tax or Capital Gains Tax who have not fulfilled their obligations with regard to Local Property Taxes (LPT) may fall foul of the LPT Surcharge of 10% of their Income Tax, Corporation Tax, or Capital Gains Tax liability, where their LPT Return is outstanding or an agreed payment arrangement […]
Office Closed 2 Mar 18
Due to the ongoing weather alert our offices will remain closed on Friday 2 March 2018. You should still be able to contact us via email We apologize for any inconvenience caused. […]
Newsletter Issue 1 2014
The healing process begins. Read all about the outlook for 2014 in our latest newsletter. Also included are – tax briefs – five is the new magic number – business briefs – funding by the maasses – legal briefs – restrictive covenants READ ALL ABOUT IT HERE […]
Christmas 2013
Our offices will be closed from 14.00 on Monday 23 December 2013 until 09.00 Thursday 2 January 2014. The Partners and Staff of FMB wish you all a very Merry Christmas and a Happy New Year. […]
