Budget 2019

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On Wednesday 9th October Minister for Finance Paschal Donohoe delivered his budget for 2019. Much of the attention focused on Housing and Brexit, however the main points in relation to tax are as follows: Income Tax The 4.75% rate of Universal Social Charge (USC) will fall by 0.25% to 4.5% (on incomes between €19,874 and […]

Credit Union

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Credit Union Directors – are you managing risk? Credit Unions continue to play a vital role in local communities as they have done so successfully for generations. Their importance has particularly been highlighted during the banking sector post-recession reforms. However, faced with changing technology and a more litigious world, risk management must be given top […]

‘No Deal’ Brexit Consequences

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The deadline for a deal to be made before the UK leaves the EU is 29 March 2019. It is looking more likely that this date will come and no deal will have been agreed upon.  The Government have published some guidance on the effect this outcome may have for businesses. We have summarised potential […]

Income Tax Planning

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Did you overpay tax last month?  This time of the year is a great time to ask whether you are paying too much Income Tax and consider how that can change.  At Sean Cavanagh & Co we continually review our clients’ positions and challenge the ‘status quo’, offering tailored solutions to ensure there are no nasty surprises when it comes […]

Research & Development

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Tax Savings through Innovation– Research & Development    Companies that invest time and money developing new products, processes or services; or enhancing existing ones, may be eligible for a cash payment and/or Corporation Tax reduction.    At Sean Cavanagh & Co we have a Specialist R&D Tax Credit team who will review your position and advise if you are getting the […]

Out of Hours GP’s – Important Tax Changes

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HM Revenue & Customs  and Northern Ireland’s OOH’s providers have recently agreed to change the tax status of Sessional GP’s from Self Employed to Employed, starting THIS MONTH (April 2018). Our specialist medical accounts team at Sean Cavanagh & Co. answers a number of questions about this change below: How will it impact on Sessional GP’s? Sessional […]

Auditing, Accounts & Tax Update for Solicitor

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 1. Audit Issues  The Solicitors’ Accounts Regulations (SARs) 2014 have been live since June 2014. Whilst there may not have been any significant departures from the 1998 regulations, Solicitors should nevertheless take the time, if not already done so, to re-familiarise themselves with their requirements from an accounting perspective.  Bookkeeping  As auditors, we cannot emphasise enough the importance of […]

ROI Budget 2018

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ROI Budget 2018  Finance Minister Paschal Donohoe delivered his 2018 Budget speech on Tuesday afternoon.   Housing and property There was much focus on the Housing market, with significant funds set aside for building of new social housing. A new vehicle known as Home Building Finance Ireland (HBFI) will increase the availability of debt funding […]