On Friday (23 July) all major banks in the European Union underwent a stress test.  The test was conducted by the Committee of European Bank Supervisors (CEBS) and was designed to measure the banks’ ability to withstand a double-dip recession and sovereign debt shock. In order to pass the test a bank was required to have [...]

Stuart Meharg recently attended the inaugural Open Coffee Cavan event.  It is featured in the Anglo Celt http://bit.ly/csnbOq

The UK Chancellor of the Exchequer delivered his first buget speech this afternoon.  The main points relating to business and taxation are:  The standard corporation tax rate to be reduced by 1 % each year for the next 4 years resulting in a reduction from 28% to 24%.  The small companies rate is being reduced to [...]

A recent survey by the Irish Taxation Institute found that the majority of small businesses in Ireland find VAT and PAYE places an unnecessary administrative burden on them.  This is not surprising given the frequency of returns – Bi-monthly for VAT and monthly for PAYE. There are some options available that could help reduce that burden: VAT Monthly direct [...]