IntertradeIreland Funding

15th July 2011

Launch of €5 million support programme by InterTradeIreland for companies working on all Ireland collaborative innovation projects Level of investment provides vital financial support for SMEs to develop and commercialise innovative products and services Collaboration is key to commercialising new ideas, according to Minister Sean Sherlock speaking at the recent launch of InterTradeIreland’s Innova Programme…

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ERO System Ireland Ruled Unconstitional

13th July 2011

“In the landmark decision delivered by Mr Justice Kevin Feeney on July 7th, the High Court ruled that the ERO system is unconstitutional. The judgment is far reaching and has ramifications not just for employees in the catering sector and other sectors governed by 13 EROs currently in existence, but the wider landscape of Irish…

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New Vat Rate Ireland 2011

11th July 2011

The new reduced VAT rate of 9% for certain goods and services came into effect on 1st July and will remain in force until 31st December 2013.  The reduction in the VAT rate mainly impacts on tourism and leisure related activities. Goods and Services at the 9% rate: the supply of food and drink (excluding…

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Succession Planning Passing on the Family Business

9th June 2011

As experienced business and taxation advisors we see firsthand the practical difficulties in successfully transferring the family business to the next generation. Much of it comes from lack of communication and planning. Research shows that only 25% of family businesses successfully pass onto the next generations. However, if succession is looked on as an opportunity…

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Will I lose Unused Section 23 Property Relief

2nd June 2011

Is there a way to protect all capital allowances on your section 23 property for future use? Maybe, so read on….. It is estimated that over 33,000 properties in Ireland remain eligible for Section 23 relief. Figures indicate that the remaining allowances on these schemes is costing the taxpayer €400m per annum. In light of…

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