VIES is a system of exchange of certain VAT data between EU Member States to combat fraud and other irregularities. Certain supplies of goods and services to businesses in other EU Member States can be zero-rated for VAT purposes but this comes with an obligation to file a VIES return on a monthly or quarterly basis. […]
The relief allows an exemption from Corporation Tax for the first three years of trading provided certain conditions are met. The company must be carrying out a qualifying trade. The value of the relief is based on the Employers PRSI paid by the company up to a maximum of €5,000 per employee and an overall maximum of €40,000. […]
Before you finalise the design of your company stationery and forms, you should ensure that they comply with the Companies Acts 1963 to 2009 and the Tax Acts. […]
In this post, I will outline the circumstances where a business needs to register a business name, how to register the name and what you need to do when you receive your business name registration cert. If a business trades under a business name which is not the registered name of the company or the name of the owner (if a sole trader) then the business name should be registered with CRO. There are separate forms for sole traders, partnerships and companies and specific requirements on the display of the business name. […]
Thinking of giving up your day job and running your own business? Then you should be aware of the PRSI differences in terms of both rates and entitlements when you move from employment to self-employment.
Once you have formed your company with the Companies Registration Office, you will need to separately register your company for taxes. Form TR2 can be used to register for a number of taxes, including Corporation Tax, VAT and Employers PAYE…
The scheme provides relief from Income tax for long term unemployed people who started a business from the 25th October 2013 to the 31st December 2018. Who can avail of …
Handy summary chart of the differences between sole trader, partnership and limited company. The ultimate decision will depend on a number of factors including the type of business, the number of people involved in the running of the business, whether investors are required, what profits are expected in the business. […]
A limited company is a separate legal entity to its owners. It is owned by its shareholders and is managed by its directors. A company is independent to its shareholders and directors and can continue in business even if its shareholders and directors change. […]
