Open Coffee Cavan featured in the Anglo Celt

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

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UK budget summary of measures

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…

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Tax simplification measures for small business

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:…

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Difficulties paying tax?

Failure to meet your tax filing and payment obligations can have significant negative consequences for your business.  Revenue has several enforcement measures at its disposal: the courts process; engaging the Sheriff to collect the taxes due; notices of attachment.  A judgement against your business could affect your credit rating; the Sheriff has powers to seize…

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Corporate Governance guide for unlisted entities

The European Confederation of Directors Associations has published a corporate governance guide for unlisted entities.  It can be downloaded here: http://www.ecoda.org/docs/ECODA_WEB.pdf

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Finance Act 2010 signed into law

The President signed the Finance Bill 2010 into law on Saturday 3 April 2010.

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Revenue extends online filing deadline

Irish Revenue has  announced an extension to the return filing and tax payment date for self-assessment customers using the Revenue On-Line Service (ROS). For customers who file the 2009 Form 11 return and make the appropriate payment through ROS for: Preliminary Tax for 2010, Income Tax balance due for 2009, the due date is extended to…

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Sean Fitzpatrick released without charge

Sean Fitzpatrick (chartered accountant and former chairman of Anglo Irish Bank) was released from Garda custody this afternoon without a charge.  A file is being prepared for the DPP. See report in Irish Times http://www.irishtimes.com/newspaper/breaking/2010/0319/breaking1.html

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Former Anglo Irish Bank chairman arrested

Former Anglo Irish Bank chairman Sean Fitzpatrick has been arrested by Gardai investigating financial irregularities at the bank.

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FRC – “ascertaining facts” in Lehman case

The Financial Reporting Council has announced that it has requested further information to ascertain how “Repo 105″ transactions were accounted for in the UK, and how they were audited. The announcement follows the publication of a report into the Lehman collapse. http://www.frc.org.uk/press/pub2240.html

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