Blog

Employment and Investment Incentive Scheme (EIIS)

22nd June 2017

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…

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Investment Properties – Tax and Accounting Top Tips

19th May 2017

Accounting in Corporate Structures Since the introduction of the new financial reporting standard FRS102 in 2015 we have found the accounting treatment of Investment Properties are not being dealt with correctly in many instances. Here are some basic rules to follow when accounting for your investment property this year. You are required to use fair…

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Hiring your first executive

8th May 2017

Sunday Business Post, January 2017 by Patrick Sutton As a start-up founder, you will be working very long hours, possibly seven days a week, and managing all aspects of the business. As time moves on, you begin to build a team around you to fulfill certain roles such as admin, finance, technical, production, or sales.…

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2 of the best business tax reliefs for extracting cash

21st November 2016

It is important that business owners have the right structure in place so that the appropriate relief from taxes can be claimed in the event of sale or transfer of your business assets. In particular, if you are over 45 years of age you should seek advice as tax planning cannot be done retrospectively. Two of the…

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8 Ways to Make Open Source Software Work for your Business

26th October 2016

Irish Businesses have grown used to the benefits of Open Source Software for their web presence There’s no disputing that it has dramatically reduced the cost, and increased the ease with which complex e-commerce applications can be deployed. But deployment is just the start. O’KellySutton have been helping Irish Businesses to use Open Source Software for over…

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Budget 2017 Highlights

11th October 2016

Budget Overview Spending increases and tax cuts of €1.3bn. .   ‘Help to buy’ scheme A new ‘help to buy’ scheme will see first time buyers entitled to a 5% grant on newly-built homes (signing contract date after 19/7/2016) up to the value of €20,000, includes self builds. A rebate will be available for income…

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Tax minimisation on Retirement and Transferring Assets

6th October 2016

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,…

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Pat Sutton on South East Radio's 'Business Matters'

31st August 2016

Pat Sutton discusses the changing role of the accountancy profession in Irish business with Karl Fitzpatrick.

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Planning for Business Growth

23rd August 2016

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…

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O’KellySutton Wins Best Small Practice in the Irish Accountancy Awards

27th April 2016
Pat Sutton receives award from Anne Keogh

The inaugural Irish Accountancy Awards took place on Thursday, April 21st 2016 at the DoubleTree by Hilton Hotel Dublin. Ireland’s accountancy industry was recognised and celebrated in front of an audience of over 350 industry professionals. 15 prestigious trophies were presented to the very best leaders, practices and teams within the industry. Pat Sutton said…

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