O'Donovan Lavin

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So far odonovanlavin has created 23 blog entries.
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 [...]

15 12, 2016

Christmas Greeting 2016

By | December 15th, 2016|Publications|Comments Off on Christmas Greeting 2016

12 10, 2016

Budget 2017

By | October 12th, 2016|Publications|Comments Off on Budget 2017

Minister for Finance, Michael Noonan, T.D. and Minister for Public Expenditure & Reform, Paschal Donohoe, T.D. today delivered their Budget speeches, in which they have laid out a number of measures aimed at “repairing the damage done to our economy in the past and to ensure that we can look forward to a new Ireland [...]

13 04, 2016

April 2016

By | April 13th, 2016|Publications|Comments Off on April 2016

Welcome to another edition of the O’Donovan Lavin quarterly Newsletter. The business outlook is improving and entrepreneurial activity is increasing. There remain however in our view barriers to increased activity in the SME Sector which need to be addressed by Banks and Government which we believe are hindering further growth and expansion. The Election is [...]

7 11, 2014

Submission of Financial Statements in iXBRL

By | November 7th, 2014|News|0 Comments

XBRL (eXtensible Business Reporting Langugage) is a language that allows the presentation of financial information in a computer readable format. This is achieved by tagging each piece of financial information with a label that identifies it in terms of standard accounting or tax concepts. Standard XBRL is presented as a series of tags and numbers. [...]