STRENGTH IN NUMBERS BLOG
Why we charge for a consultation
Posted: September 29, 2017 Comment: 0
Our consultation fee is €150 plus VAT which we will credit against your final fee should you decide to use our service. We know that most accountants provide free consultations but we’re not like most accountants. This may seem arrogant, and we apologise if it comes across that way. That is not the intention. However, we have built a reputation as one of the go-to-accountants for competitive, effective tax advice. But because of this, we get many requests from existing and potential clients for consultations on how we can save them money and reduce their tax bill. We love doing that and we are very good at it! However, we are a small business and there are only so many hours in the day, therefore, if most of our time is spent providing free consultations then we wouldn’t have a business.
Still bitter over your last income tax bill?
Posted: September 28, 2017 Comment: 0
The deadline to submit your 2016 income tax deadline is 31st October 2017. You can avail of the pay and file extension of the 14th November but the return must be filed and paid in full!
Feel free to contact us or comment in the link below.
Tax relief for microbreweries
Posted: September 09, 2017 Comment: 0
Ireland’s craft and microbreweries sector is growing. According to a recent report, the number of production microbreweries increased from 15 in 2012 to 62 in 2016 and the sector had an estimated turnover of €59 million last year.
Business Angels
Posted: September 04, 2017 Comment: 0
If you’ve ever watched Dragon’s Den, you’ll be familiar with the concept of private individuals investing in start-up businesses in return for an equity stake in the business. Investors like this are sometimes called business angels. Typically, they are successful people who get a thrill from business and enjoy supporting entrepreneurs. Often, as well as providing capital, they help the startup in other ways, for example by mentoring the owner/manager and/or taking a seat on the board.
Should robots pay tax?
Posted: August 29, 2017 Comment: 0
Earlier this year, in a widely-reported interview with Quartz, Microsoft founder Bill Gates suggested robots should pay tax. Gates pointed out that when a human worker earns $50,000, that income is taxed. So, if a robot does the same thing, why not tax the robot?
Knowledge Development Box
Posted: August 03, 2017 Comment: 0
The Knowledge Development Box is a tax incentive to encourage innovation in Ireland. Companies who qualify can avail of an effective 6.25 percent corporation tax rate (instead 12.5 percent) on profits arising from certain intellectual property assets.
What innovation incentives are available to companies in Ireland?
Posted: July 30, 2017 Comment: 0
Ireland provides tax and non-tax incentives for businesses engaged in innovation and/or research and development.
On the tax side, the two main supports are the R&D tax credit and the Knowledge Development Box.
On the tax side, the two main supports are the R&D tax credit and the Knowledge Development Box.
How to grow your SME
Posted: May 02, 2017 Comment: 0
Successful entrepreneurs often ask how they can continue to grow their business.
A useful approach is to begin by looking at your objectives, finance and business resources.
What are my responsibilities as a Company Secretary of an Irish Company
Posted: April 28, 2017 Comment: 0
The duties of a secretary are duties delegated to the position by the directors. There is no definitive term covering what this will entail. Directors must ensure person is capable of doing the job. For PLCs though, there is reference to categories of qualification as secretary:
- For 3 of last 5 years has been a secretary;
- Member of recognised body or;
- Appear to be capable of discharging the duties
