O'Donovan Lavin

/odonovanlavin

About odonovanlavin

This author has not yet filled in any details.
So far odonovanlavin has created 27 blog entries.
15 10, 2018

PASSING ON OR SELLING YOUR BUSINESS

By | October 15th, 2018|Publications|Comments Off on PASSING ON OR SELLING YOUR BUSINESS

PASSING ON OR SELLING YOUR BUSINESS Planning for the passing on of your business to the next generation or planning for the future sale of your business to a third party  is an essential but often overlooked element of the business life cycle, from a taxation perspective. The lack of proper tax planning can result [...]

15 10, 2018

Stamp 0 Application

By | October 15th, 2018|Publications|Comments Off on Stamp 0 Application

How to apply for Stamp 0 An applicant who believes they qualify under the Stamp 0 criteria and who wishes to reside in the State should make their application in writing to Unit 2 Residence Division, INIS, 13- 14 Burgh Quay ,Dublin 2 An application must include the following Reason for the request Full copy [...]

25 09, 2018

PAYE MODERNISATION – ARE YOU READY?

By | September 25th, 2018|Publications|Comments Off on PAYE MODERNISATION – ARE YOU READY?

PAYE MODERNISATION – ARE YOU READY? The new PAYE Modernisation System is being introduced on the 1st January 2019. Its impact will be daunting and you will need to be ready for its change which is mandatory for all employers. For employers this introduces Real Time Reporting to Revenue which will necessitate changes in current [...]

11 09, 2018

Airbnb host details handed over to Revenue

By | September 11th, 2018|Publications|Comments Off on Airbnb host details handed over to Revenue

Irish Times https://www.irishtimes.com/business/transport-and-tourism/airbnb-set-to-hand-over-hosts-names-to-revenue-1.3624515  

22 06, 2018

Solicitors Accounts Regulations

By | June 22nd, 2018|Publications|Comments Off on Solicitors Accounts Regulations

The Solicitors Accounts Regulations 2014 require that solicitor firms file a “Reporting Accountants Report” with The Law Society of Ireland within six months of the firm’s financial year end. In order to ensure compliance the reporting accountant must have the knowledge and experience in dealing with the regulations. We are approved by the Law Society to complete [...]

22 06, 2018

Self-Employed- Social Welfare Entitlements

By | June 22nd, 2018|Publications|Comments Off on Self-Employed- Social Welfare Entitlements

If self-employed people have their work reduced dramatically by loss of contracts, self-employed people are entitled to social welfare payments. If you are still working as a self-employed person but your income is below a certain level you should apply for Jobseekers Allowance, you can continue your business and still qualify for Jobseekers Allowance. Jobseeker's [...]

22 06, 2018

Airbnb- Revenue crackdown & tax implications

By | June 22nd, 2018|Publications|Comments Off on Airbnb- Revenue crackdown & tax implications

Revenue have been issuing letters to homeowners who have been letting their property through Airbnb. These letters are covering the periods from 2014 through to 2016. Airbnb have been providing information to Revenue since 2015 so it will be a matter of time before the dreaded letter from Revenue arrives in the letterbox. There are [...]

19 10, 2017

Pay and File 2017

By | October 19th, 2017|Publications|Comments Off on Pay and File 2017

Revenue has confirmed an extension to the Revenue Online Service (ROS) return filing and tax payment date to Tuesday, 14th November 2017 for certain self-assessment Income tax customers. The extended date applies to customers who file the 2016 Form 11 return and make the appropriate payment through ROS for preliminary tax for 2017 and the [...]

19 10, 2017

Stamp Duty Relief for Farmers

By | October 19th, 2017|Publications|Comments Off on Stamp Duty Relief for Farmers

In Budget 2018 stamp duty increased on commercial transactions from 2% to 6%, this includes agricultural land. However, the Finance Bill which is due for publication shortly extended stamp duty relief to cover transactions within the family so liable to stamp duty at 1%. There are a number of conditions which must be met prior [...]

6 02, 2017

February 2017

By | February 6th, 2017|Publications|Comments Off on February 2017

Welcome to the February edition of our quarterly Newsletter. We would like to take this opportunity of wishing you every success for 2017. 2016 has demonstrated the resilience of Irish business. Strong growth continues with in excess of 20,000 new Irish Company start-ups that year. It should be noted however that 50% of the start-ups [...]