Entries by Lalor O'Shea McQuillan

Platinum Xero Partners

Platinum Xero Partners We are pleased to announce that Lalor O’Shea McQuillan are now recognised as Platinum Xero Partners. This is the highest level of partnership available with Xero, the leaders in Cloud Accounting technology.   We obtained platinum status due to the high percentage of clients who have migrated to Xero and because a large […]

Budget Highlights 2021

Budget Highlights 2021 INCOME TAX An increase in the Earned Income Credit from €1,500 to €1,650 An increase in the Dependent Relative Credit from €70 to €245 Extension of the Sea-going Naval Personnel Tax Credit to 31 December 2021 and to increase it to €1,500 for 2021 (from €1,270 in 2020).  €203 increase to the […]

Covid-19 Revenue Update

REVENUE MEASURES INTRODUCED TO RELIEVE THE IMPACT OF COVID-19 The Irish Revenue have announced some measures which are designed to help support small and medium size businesses (SME’s) experiencing cash flow and trading difficulties as a result of the Covid-19 epidemic. 

500km for Relay for Life

Thank You So Much For Your Support and Generosity! We’ve made a short video for you! On Friday 6th September, the Partners, Tax Team, Account Managers and Support Team from our Carlow and Dublin office walked and ran a combined 500km to raise funds for Carlow Relay for Life and the Irish Cancer Society. Two […]

Disclosure of Beneficial Ownership of Irish Companies

Filing Deadline for RBO is Friday 22nd November 2019 The Register of Beneficial Owners (RBO) deadline is Friday 22nd November 2019. The RBO has confirmed that there will be no extension to the deadline. The RBO has the power to impose sanctions although they have not indicated when these sanctions may start. Do you want […]

Tax Relief on Nursing Home Expenses

Tax Relief on Nursing Home Expenses You may claim income tax relief on nursing home expenses paid by you. You can claim this relief at your highest rate of tax if the nursing home provides 24-hour on-site nursing care. Nursing Homes Support (Fair Deal) Scheme The Health Service Executive (HSE) can provide you with assistance […]

Close Company Surcharge

Close Company Surcharge On Certain Undistributed Income Section 440 of the Taxes Consolidation Act 1997 provides for an additional charge of corporation tax on close companies at the rate of 20 per cent of the excess of the aggregate of the distributable investment income and the distributable estate income over the distributions made for an […]

Employment Investment Incentive

Employment Investment Incentive (EII) and Start-up Relief for Entrepreneurs Finance Act 2018 – Business Tax The Act aims to simplify the legislation provisions of the income tax reliefs for investment in corporate trades. The most significant change being the move away from the current application process to a system whereby companies will now self-certify that […]

Financial Services Update 2019

Financial Services Our Financial Services Department has formed a strategic alliance with SYS Wealth & Financial Planners so that we can expand and improve our services to our clients. SYS Wealth & Financial Planners are a leading financial services company with particular expertise in pension, life protection, retirement & inheritance planning, savings & investments and […]