Do i pay VAT3 if my payment is delayed significantly?
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by MeathCommute
1w ago
Hi. I am an IT contractor who invoices near the end of each month and is paid on the first Friday of the following month. Due to some complex issues, I haven't been paid in the last 2 months. I normally pay VAT3 on 1st July. Will I do a zero return if I don't get paid by then ..read more
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Refused a business loan
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by Maryoblige
2w ago
We are a small business and have just applied for a loan from permanent Tsb. We have given them 3 yrs accounts etc (we are in business 10 yrs). We have also given them a guarantee of an investment property we own outright that is 35% more than the loan we have requested. They have come back to us in the same day refusing the loan on account of the guarantee - they don't 'mix' loan/ guarantees? We are at odds as to what this actually means. We provided a solid business plan and were... Read more ..read more
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Electric Car Purchase , Ltd Co or Private
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by Boru38
3w ago
Hello All, I am LTD Contractor and trying to understand which is more logical from financial point of view. Buy New Electric Car via Company approx value 45K Buy 2nd hand Electric Car via net income 18K thanks Brian ..read more
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Options for surplus cash in business
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by Gringo1
1M ago
Hi folks, We have a small business with a cash balance of min 70k in our current account, year round for the past few years. Our business is unlikely to need to dip too deeply into it for operational reasons even in a downturn. I've been looking at some Raisin 1yr deposit accounts, but would like to mix it with maybe something with greater potential to return like a fund. What would people recommend ..read more
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Sterling account for uk customers
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by dingdong22
1M ago
We are looking to start some trading in UK from Ireland. Maybe 100k per year. Do we need to have a sterling account setup or could get UK customers to pay in euros? Any thoughts ..read more
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Starting a Tax Back company. Advice needed.
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by Myuser01
1M ago
I'm a web entrepreneur in the process of starting an online Tax rebate service in Ireland. Similar to TaxBack DOT com. I've done some study on tax regulations in Ireland, I've been in touch with Revenue and I've studied the application process and guidelines to apply for a TAIN (Tax Agent Identification Number). I've picked a company name. I'm developing the site. I've registered the business with the CRO as a sole trader. I'll be bootstrapping the business at the start. I'm tying the... Read more ..read more
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Commercial Rates Revaluation
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by mccoypat94
1M ago
Any business owners here have experience of the revaluation process carried out in many counties over the last number of years? Did it lead to a huge increase or decrease in rates ..read more
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Statutory sick pay
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by Shelby219
1M ago
A person that is working full time is now entitled to 5 days paid sick leave per year ,but a person that only works 1 day a week is also entitled to 5 days paid sick leave per year , or am I reading the rules incorrectly ..read more
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ICOB (Increased cost of business) Grant - so easy
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by peemac
2M ago
Increased Cost of Business Grant - Budget 2024. Surprised at the low take up reported and only 3 days before it ends (might be extended) It gives 50% of your 2023 rates back up to a maximum of €5,000 if your commercial rates are under €30,000. All you need to apply are your rates account number, vat number and bank details and have your rates up to date (or a payment plan in place) https://www.mycoco.ie/icob I applied late March, payment arrived last week. Took about 3 minutes to... Read more ..read more
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Closing down company in most tax efficient way
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by pauric
2M ago
Does anyone have any advice on the most tax efficient way to close down a company? There are 2 directors, husband and wife and they have a business premises worth about €250k that they would be selling and this is the main company asset that they would like to be able to minimise the tax payments on this as they close the company ..read more
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