Revenue review of tax affairs of medical consultants

Revenue is reviewing the tax affairs of medical consultants with a particular focus on consultants that have transferred his/her business to a limited company (owned or part owned by the consultant).  The Irish Tax Institute has said that the review is in the Dublin region, however, a letter from Revenue states it is being extended…

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Electric fences and business goals

I was out walking this morning and noticed a gate with coiled wire along the top – a couple of inches from the top rung. Behind the gate was a field, a shed and various pieces of (presumably valuable) machinery.  A sign on the gate read “Danger – high voltage”. My first thoughts were “if…

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Introducing internal audit

What is internal audit? I could bore you with the official definition from the Institute of Internal Auditors: Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the…

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