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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…

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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…

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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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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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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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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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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 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 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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