Resources

P60 Replaced by EDS

Employees no longer receive a P60 at the end of the year from their employer. The P60 was abolished at the beginning of 2019 as part of PAYE Modernisation. From …

Parent’s Benefit

A new Parent’s Benefit has become available, as of Friday 1st November 2019. This benefit will ensure that parents with a child born or adopted from today onwards can now qualify for …

Jobseeker’s Benefit for the self-employed

Jobseeker’s Benefit for the self-employed is a new scheme available to the self-employed, based on their self-employment PRSI contributions (Class S) who are no longer engaged in self-employment. The duration of …

Beneficial Ownership Register

Beneficial Ownership Register

Internal Beneficial Ownership Register All companies are required to keep an internal beneficial ownership register. This contains a list of the beneficial owners of the company. For simple company structures, …

Extension of Income Tax Deadline 2019

Revenue have announced an extension to the income tax deadline for those taxpayers paying and filing their return online. The due date is extended from 31 October to 12 November …

Closing a company without liquidation

When forming companies for clients, I am often asked how much hassle is involved in closing a company, if it is no longer required. Normally, a liquidator would need to be appointed, which can be expensive. However, if a company ceases to trade and has no assets or liabilities (or they are less than €150), then the company can request to be struck off the register, which is a much simpler process.