SERVICES

Accounting, Compliance, Taxation

A full range of services customised to help you grow and develop your business.



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Tax Planning, Consultancy

Do you feel like your accountant works for revenue and not for you? Want to minimize your taxes? --You need a plan! We work with our clients to implement proactive tax reduction strategies to help minimizing your taxes burden

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Liquidations

If you are dealing with business insolvency or considering liquidation for taxation purposes, we have a team of highly trained staff which including Insolvency Practitioners who are available to provide confidential advice

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Xero Consulting

Expert advice with transitioning and setting up a Xero account, the cloud based, easy and convenient way for small businesses to stay on top of accounting


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Airbnb Hosts

Are you an Airbnb host or a landlord considering hosting your properties with Airbnb? We provide effective tax advice to minimise to exposure to income tax while maximise the amount of profits you can extract tax effectively

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Audit

Charity / Not-for-Profit Audits, Managed Company (OMC's), Service Charge Audits or Loss of audit exemption?






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Virtual CFO

Access to Financial controlling and management accounting when you need it, helping you make the decisions to get ahead



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IT Advisory

You might be asking yourself, why can't my IT team do that? You're not alone




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SECTORSWhether it is an advisory service or a compliance package we develop solutions to meet the needs of clients in across industry sectors

Construction & Real Estate

Specialist accountants for construction industry with in-depth experience in this area.

Technology Startups

We help our clients on new company formations, shareholdings and company secretarial and assistance with securing EFS Funding. Fixed fees for the first three years.

(Healthcare) Locum Doctor Services

We experts in providing the complete accountancy and administrative solution to locum doctors.

Retail

Our monthly service has been handcrafted to make your life easier. You will have one dedicated bookkeeper for your work, backed by an expert team.

Tech Contractors

Our Subsidiary Company Blue Star Accountants provides a powerful online real-time accounting solution to all your financial requirements to maximise your tax home pay and reduce your effective rate of tax

SME Owner Managed

We work with owner-manager businesses, entrepreneurs, sole traders, partnerships and family businesses operating both domestically and internationally, across a wide range of sectors.

Solicitors

Have you reconciled your client account? We have an in detail knowledge of Solicitors Accounts regulations.

YouTubers & Bloggers

If you receive advertising revenue from YouTube, Patreon subscription, or are paid to endorse products or services online then you are in receipt of taxable income.


Based in Dublin city centre

We work hard to give you a unique experience Brady & Associates is a small firm of skilled and experienced accountants dedicated to providing intelligent and innovative accounting and tax representation

Brendan Brady

Partner

We strive to offer what a client values most in an accountant: effective advice, founded on listening to what the client really wants and needs. Then I try to implement that advice through exceptional written work; integrity in encounters with clients; and simple care.

Robert Son

Accountant

Robert has a detailed knowledge of the hospitality and retail sector. He is currently pursuing the ACCA qualification and just completed his P1 exam

Mariusz Pianka

Information Technology expert

Mariusz Pianka is an Information Technology expert who has worked in IT infrastructure, security, project planning and consulting for a decade, serving blue-chip clients such as Cisco and Microsoft, major financial services companies and various cloud technology vendors.

Michael White

Commercial finance professional

Mike White is a highly experienced commercial finance professional, who has spent the past 5 years of his career working in senior finance roles in Australia.




TRANSPARENCY IN OUR FEES

€350

Income tax

From €350 plus VAT per tax return

Further discount for early bird

Tax return prepared by an expert tax consultant

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€200

Accountancy fees

Starting from €200 plus VAT per month

Optional free accounting software

Client support

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€350

COMPANY FORMATIONS

€350 plus VAT

Tax registration

Online bank account created in one day

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Success Stories

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CASE LAW

“J Quigley (Inspector of Taxes) v Maurice Burke”

Whether an accountants workings are within the power and possession of the taxpayer
Whether an accountants workings are within the power and possession of the taxpayer
The taxpayer carried on a trade as an electrical contractor and appealed against an assessment for the tax year 1986/1987. He engaged an accountant to prepare accounts and subsequently employed an accountant to prepare and furnish to the Inspector of Taxes the necessary accounts and documentation. The Inspector was not satisfied with the documentation which he received and requested production of the nominal ledger prepared by the accountant as part of his working papers.
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“Claire Proes v The Revenue Commissioner”

Issue: Residence and Domicile
Issue: Residence and Domicile
The taxpayer was born in Ireland but became a British national and resided outside Ireland for approximately 42 years. In 1982 she returned to live in Ireland where she had visited for many years. The taxpayer was assessed under TCA97 s71(1) for payment of tax on income arising from securities outside the State. The taxpayer argued that the exemption (remittance basis) under sub-section 2 applying to people who are not domiciled in the State apply to her
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“Contract of service or for services?”

Henry Denny & Sons (Ireland) Ltd v Minister for Social Welfare
Henry Denny & Sons (Ireland) Ltd v Minister for Social Welfare
The taxpayer was employed by the company to provide demonstration services for the company's products at various supermarkets. The written contract of engagement was for a duration of one year after which it was to be renewed.
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“Bentley, Stokes and Lowless v Beeson (Inspector of Taxes) {1952} 2 All ER 82”

Issue: Whether food & accommodation expenses are tax deductible
Issue: Whether food & accommodation expenses are tax deductible
While this case involves the issue of whether or not a deduction can be taken for client lunches which is now specifically disallowed by section 840 TCA 1997, it is instructive in arriving at the principles of deductibility
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“Newsom v Robertson (Inspector of Taxes) {1953}Ch 7”

Travel Expenses
Travel Expenses
This case considered the situation of a barrister, Mr Newsom, whose chambers were in London but who lived in Whipsnade, which is some distance from London. Mr Newsom had a fully stocked library in his home and during holiday periods, even though his London chambers remained open, he had papers sent to him at his home. It was not disputed that he worked from his home. The issue was whether or not the expense of journeys from his home to London, either to attend court or his chambers, was wholly and exclusively for the purposes of his profession.
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TAX LIBRARY

The central test of deductibility when calculating profits is whether or not the expense has been “wholly and exclusively laid out or expended for the purposes of the trade or profession”
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It is a long established principle that the cost of meals taken at the place of business are not allowable expenses for tax purposes. In addition, expenses incurred on meals consumed away from the place of business are, in general, not wholly and exclusively laid out for the purposes of the trade or profession since everyone must eat in order to live. Where such costs are not allowable they may not be apportioned to allow extra costs incurred from the necessity of eating away from home or from the place of business.
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An individual who is resident and domiciled in Ireland is liable to Irish income tax on his/her worldwide income as it arises (earned in the case of Schedule E). This individual’s ordinary residence status does not impact on his/her exposure to Irish income tax.
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The domicile levy will came into effect from 1 January 2010.
This levy applies to individuals who are Irish domiciled and are citizens of Ireland and who have:
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Non-Irish domiciled individuals who are Irish tax resident for a year of assessment are liable to Irish income tax on Irish source income and on foreign income to the extent that the funds are remitted to Ireland. This is known as the Remittance Basis of Taxation.
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Finance Bill 2010 amended the restriction of reliefs for High Earners for 2010 and subsequent tax years in order to achieve a 30% effective rate of income tax for those subject to the full restriction. This represents a 10% rise in the effective rate which currently applies.
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Most Irish resident companies are what are called 'close' companies. A Close Company is a company that is controlled by five or fewer participators or is controlled by any number of participators who are directors.
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In general, a director is a ‘chargeable person’ for income tax purposes and is obliged to submit an income tax return each year, notwithstanding the fact that all of his/her income may have been taxed at source under the PAYE system. In addition they must comply with the self-assessment regime and may have a requirement to make payments on account to meet their preliminary tax requirements. Where these requirements are not met by the due date, the director is exposed to statutory interest which is calculated at a rate of approximately 8% per annum.
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Contact

149 Lower Baggot Street
Dublin 2

Phone: +353(0)16877046
Email: info@bradyassociates.ie
Website: http://bradyassociates.ie/


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