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Increased Parent’s leave and Parent’s Benefit from 1st August 2024

Parent’s Leave and Parent’s Benefit extended from 1st August 2024 Starting today, 1st August 2024, Parent’s Leave and Parent’s Benefit are extended from seven weeks to nine weeks. These changes were announced in Budget 2024. Parents can now take nine weeks of leave if their child is under two years old, or if they adopted […]

Increased size limits for Irish companies signed from 1st July 2024

Increased Size Thresholds to benefit Irish SME’s with Audit & Reporting Requirements The EU has updated the size criteria for companies and groups, increasing the balance sheet and turnover limits by 25% to account for inflation. This will help more Irish companies qualify as “micro” or “small” and benefit from simpler reporting and audit exemptions, […]

CAT loans from close relatives – New Tax Filing Requirement from 2024

Close Relative Loans – How will this effect me? With effect from 1 January 2024 a new mandatory Capital Acquisitions Tax (CAT) reporting obligation is imposed on the recipients of certain loans from close relatives. This applies irrespective of whether any tax is due or not and is applicable to both new loans made from […]

Benefits of Outsourced Management Accounts for Non Profits

Management Accounts for Non Profits What Are outsourced Management Accounts? Having independently prepared Management Accounts can demonstrate an independence and segregation of duties. Outsourced management accounts are financial reports that provide detailed valuable insights into an organisation’s financial performance. Unlike annual financial statements, they are prepared more frequently—often monthly or quarterly—allowing for timely decision-making. How […]