Latest News

08.05.2024

Supports to assist business with Climate Action Measures

Supports to assist business with Climate Action Measures To support Ireland’s target of a 51% reduction in carbon emissions by 2030, businesses are encouraged to invest in a greener future through sustainable products, services and business models. Regardless of the size of your business it is important to be proactive in reducing emissions and promoting […]

08.05.2024

Positive Changes to PRSAs in Finance Act 2022

Positive Changes to PRSAs in Finance Act 2022 The Benefit in Kind for an employee, which was previously triggered by an employer contribution to a PRSA, has been removed with effect from 1 January 2023.  Furthermore, any employer contributions will now have no impact on personal contribution limits.   Corporation Tax relief on employer contributions to […]

08.05.2024

XERO  – Bank feeds restored for Bank of Ireland customers

XERO  – Bank feeds restored for Bank of Ireland customers The Bank of Ireland bank feeds are restored for Xero online accounting software. Bank feeds automatically import your bank statement directly into your Xero organisation daily. The bank feeds connection lasts for three months and then you renew the connection again.  Once the connection is […]

08.05.2024

LSMQ celebrates 20 Years

LSMQ celebrates 20 Years May 2023 marked a huge milestone for us as we proudly celebrate the 20th anniversary of LSMQ Chartered Accountants & Business Advisors. Two decades ago, Padraic Lalor & John O’Shea pooled their resources and created the firm that is LSMQ today. The firm’s ethos has always been to put you, the […]

08.05.2024

Small Benefit Exemption Scheme – reward up to €1,000 per employee (tax free!)

Small Benefit Exemption Scheme – reward up to €1,000 per employee (tax free!) As Christmas approaches you may be looking for a way to show your employees your appreciation of their hard work during the year. Cash payments are subject to payroll taxes however can reward your employees tax-free by giving them non-cash gifts or […]

08.05.2024

Statutory Sick Pay (SSP) increases from 3 to 5 days paid

Statutory Sick Pay (SSP) increases from 3 to 5 days paid Since the 1st of January 2023 employees have a right to 3 days’ sick pay per year. From the 1st of January 2024 the number of days will increase from 3 to 5. SSP is paid by the employer at a rate of 70% […]

07.05.2024

Enhanced Reporting Requirements (ERR)

Enhanced Reporting Requirements (ERR) From the 1st of January 2024 employers will be required to report details of certain expenses and benefits made to employees and Directors. The obligation under ERR is that certain items are reported to Revenue on or before the date the payment is made to the employee. This is a separate […]

07.05.2024

Domestic Violence Leave

Domestic Violence Leave From the 27th of November 2023 employees have a legal right to 5 days paid domestic violence leave if they need to take time off work. There is no minimum service required to qualify and the leave can be taken if an employee is directly experiencing domestic violence and abuse, or if […]

24.08.2023

SECURE IDENTITY VERIFICATION

We are legally required to verify the identity of all new and existing clients and to verify their personal information. To make this process as easy as possible for our clients, we use ID-Pal to verify your identity and to do so simply and securely.  As part of this process, you are required to submit: […]

24.08.2023

VACANCIES FOR TRAINEE ACCOUNTANTS IN CARLOW AND DUBLIN

TRAINEE ACCOUNTANTS REQUIRED FOR OUR CARLOW AND DUBLIN OFFICES ABOUT US Lalor O’Shea McQuillan is an award-winning professional services firm with offices in Carlow and Dublin. We are currently expanding our Audit, Accounting and Tax teams by recruiting a number of trainee accountants to support these teams and their clients. ABOUT YOU Successful candidates will […]

24.08.2023

Budget Highlights 2022

Income Tax EWSS The Employment Wage Subsidy Scheme will be extended until 30 April 2022 in a graduated form, but the scheme will close to new employers from 1 January 2022.The following are the broad parameters of this extension: Expansion of Warehousing of Tax Liabilities The tax debt warehousing scheme will be expanded to allow […]