Family Businesses
How to control fixed costs
Article by Patrick Sutton, Partner, O’Kelly Sutton, published in The Sunday Business Post 28th January 2018 One of the easiest mistakes any business can make is to let fixed costs creep up over time. Whilst costs are a necessary part of any business, when they get out of control it can have a crippling impact…
Read MoreFuture-proof your talent base in 2018
Article by Patrick Sutton, Partner, O’KellySutton in The Sunday Business Post, 28th January 2018 The Irish unemployment rate fell to a nine-year low in November 2017 of just 6.1 per cent. This is expected to fall further in 2018 to close to 5 per cent. It’s getting to the stage where employees can pick and choose who they…
Read MorePat Sutton appointed as a Director of County Kildare LEADER Partnership
Pat Sutton is delighted to accept appointment as a director of County Kildare LEADER Partnership. Proposed to the role by County Kildare Chamber Pat hopes to make a positive contribution to LEADER and add his financial expertise to the organisation. Employing over 50 people directly the organisations principal activity is the administration of several National and…
Read MoreMaximise Capital Allowances whilst avoiding the Pitfalls
Many property owners are currently refurbishing their properties and making significant investments in capital reconstruction, plant & machinery and repairs. The challenge for the property owners is to claim the maximum tax relief through either repairs or capital allowances without getting it wrong. We have advised many property owners on how best to maximise allowances…
Read MoreEmployment and Investment Incentive Scheme (EIIS)
The most recent increases to the EIIS scheme were a step in the right direction. This is a very important tax relief scheme for investors and one that many companies use to raise much needed seed capital. Over the last number of years O’KellySutton have advised and assisted several companies in their quest to raise…
Read MoreTax minimisation on Retirement and Transferring Assets
Tax minimisation on Retirement and Transferring Assets There’s been a lot of talk recently in the media about increasing Capital Acquisition Tax (CAT) Thresholds and quite rightly so. Currently, there is the possibility of families paying tax twice or three times or more when transferring assets down through the generations’. Assets include property, cash, shares,…
Read MorePlanning for Business Growth
Planning for Business Growth Sunday Business Post June 2016: The lowdown By Patrick Sutton Four fully actionable targets for growth To achieve growth and boost profitability, SMEs and family-owned firms must take decisive action. A strategic plan can help to identify opportunities for growth and set out strategic objectives. The strategic plan should have fully…
Read More7 tips for a hassle free Revenue Audit
Prevent the problems occurring right from the start and avoid the costs associated with having to fix them when Revenue come knocking on your door! There’s been a few articles written lately about how to handle the problems a revenue audit can present which is all well and good however the thing that most articles miss is…
Read MoreO’KellySutton appointed as Xero Certified Partners
O’KellySutton are delighted to announce we have been appointed as Xero Certified Advisors. Xero is the leading global cloud accounting software with 600,000 users worldwide and now for the first time this software can be got locally through trusted advisors O’KellySutton. Xero will compliment nicely our existing range of business reporting and business planning tools and tax…
Read MoreTax Free Vouchers increased to €500 annually
Tax Free Vouchers Employers may now give a voucher worth up to €500 to an employee tax free since 22nd October 2015 following recent publication of the Finance Bill 2015. This is increased from the exiting €250 but like the previous one terms and conditions apply. A welcome break for employers and employees who may want to…
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