Business News

Work with the Tax-man to help with your late tax payments.

15th June 2012

An Article that appeared in the Irish Independent, June 2012, advises Individuals and Small Business Owner to work with Revenue. The owners of small businesses and personal taxpayers, striving to survive, should approach the Revenue Commissioners when the cash flow is not there to pay their taxes as they fall due. However, this is the reality that…

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Revenue in Training to focus on GAA clubs

24th April 2012

The taxman will begin to trawl the books of individual GAA clubs in the late summer or autumn. It is understood that tax officials will look at payments made to managers and coaches as part of a detailed examination into the way clubs conduct their business. Under the GAA’s rules, the only payments team managers…

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Enterprise Ireland establishes new Potential Exporters Division and launches new programmes of supports to get more Irish companies exporting.

30th March 2012

On March 13th, the minister for Job, enterprise and Innovation, Richard Burton, T.D. announced that a new Potential Exporters Division in Enterprise Ireland has gone live and launches new programmes of supports for exporters in order to get more indigenous companies trading in foreign markets. The new Potential Exporters division will:

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€30m Fund available for upgrade of Sports Facilities

30th March 2012

Fine Gael Kildare South TD, Martin Heydon, has today (Wednesday) warmly welcomed the announcement by Minister of State for Tourism and Sport Michael Ring of a €30m fund for important sports capital projects.

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Man jailed over garlic tax scam: (9-3-12)

30th March 2012

Fruit and Vegetable business man has been jailed for six years for a €1.6 million scam involving the importation of garlic. He avoided paying customs duty on over a thousand tonnes of garlic from China by having them labeled as apples. The maximum sentence for the offence is five years in prison or a fine…

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Government’s plan to target core €500 million research budget at turning goods into good jobs.

30th March 2012

Ministers Burton and Sherlock launched a Research Prioritisation Plan on 1st March to target the majority of the Government’s core €500million budget

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Minister Burton signs a memorandum of understanding on Science and Technology with Chinese Government. (March 2012)

30th March 2012

Richard Burton, T.D, Minister for Job, Enterprise and Innovation signed a Memorandum of Understanding on Ireland –China Science and Innovation Cooperation with Mr. Wan Gang, Minister of Science and Technology while on a Trade & Investment mission to China.

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The Personal Insolvency Bill

30th March 2012

The two main aims of modern bankruptcy law are to return funds to creditors and to rehabilitate the debtor. In Ireland, bankruptcy remains a punitive regime from which it is almost impossible to recover and to resume a normal career or business life, according to Séan Kelly, RSM Farrell Grant Sparks.

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Courts get tough on Tax Evaders

23rd March 2012

Recently the Dublin Circuit Court found a man guilty and sentenced him to jail for four years for failing to pay VAT on 119 second hand cars to the value of €226,718. He has since paid the tax of €226,718 that was due. The Judge, Martin Nolan said that sometimes tax evaders thought they could…

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Government announces Jobs Initiative – ‘Connect Ireland’ (March 2012)

22nd March 2012

It will be interesting to see what take up there will be on the latest Government jobs initiative launched “Succeed in Ireland”. It is an innovative programme, launched on 8th March 2012. It aims to create 5000 jobs within five years by targeting international companies and business people, who would otherwise not be reached by…

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