Our aim is to help businesses grow, to increase their profitability, improve their cash flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on 021 4310266 or email us at pm@parfreymurphy.ie if you wish to do business with us
EMPLOYEES TAX FREE €500 BONUS!
By Aoife Ní Dhubhghaill
Employers can reward employees under the Small Benefits Exemption Scheme with a non-cash bonus of up to €500 completely tax free this year 2015.
RETAIN AUDIT EXEMPTION BY DISTRICT COURT APPLICATION
By Noel Murphy
The Companies Act 2014 will allow a District Court application for companies that have missed the filing deadline for filing the annual return and financial statements.
This will eliminate the need to pay late filing penalties and for most companies retain audit exemption.
There is no particular rate required under legislation with regard to interest a company pays to its directors for the loans they advance to it. This means that it is up to the directors themselves to decide on the rate.
However there are tax implications to consider if interest is paid to directors by the company.
Preliminary Tax for accounting periods ending between 1 - 29 February 2016
First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 July 2016
Returns for accounting periods ending between 1 - 30 April 2016
Pay balance of tax due on accounting periods ending between 1 - 30 April 2016
Returns of third party information for accounting periods ending between 1 - 30 April 2016
Where returns and payments for RCT, VAT, PAYE/PRSI and Corporation Tax are made electronically, the return and payment deadlines are the 23rd day of the month
