Listen to Marie Barr as a guest speaker on the Accountancy Ireland Podcast as she and the panel discuss the 2009 Budget and it’s impact on tax and accounting. Accountancy Ireland Podcast December 2009 Budget Special
What is Forensic Accounting?
Forensic accounting comprises the use of auditing, accounting and investigative skills to interpret and analyse financial and commercial information suitable for use in legal proceeding. The distinguishing characteristics of a forensic account as compared with a chartered accountant, are that a forensic accountant provides a higher level of assurance, his…
Finance Bill 2009 – Long Awaited Intellectual Property Incentive
The relatively good news from the Finance Bill 2009 is that from 1 July 2009, the interest on late payments of taxes other than VAT, employers PRSI and duties will decrease from c.10% to c.8% p.a. The interest on late payments of VAT, PRSI and duties will decrease from c.11.7%…
Beware of the New Rules for VAT Waivers
Changes to the 2008 VAT on property legislation were implemented, at the last minute, by Finance Bill 2009. These amendments, which are retrospective in nature, may give a nasty surprise to landlords who sold investment properties since 1 July 2008 and most certainly need to be considered by all landlords…
New Tax Incentive for Venture Fund Managers
The Finance (No. 2) Act 2008 addresses the taxation of profits received by a partnership or a company in respect of the management of certain investments. The incentive was announced as a means of offering an incentive to venture capital funds to re-locate to Ireland if they are considering investing…
Irish Tax Exemption for New Trading Companies in Ireland
Finance Act (No 2) 2008 included an exemption for new companies which were incorporated after 14 October 2008 and start trading in 2009. It is an exemption from corporation tax on profits arising from a company’s trading activities and chargeable gains on the disposal of trade-related assets. It will apply…