By Shannon Power, 22nd April 2024 In today’s ever-evolving business landscape, sustainability isn’t just a buzzword—it’s a fundamental aspect of success. For small businesses in Ireland, integrating sustainable business practices isn’t just about reducing environmental impact; it’s about driving growth, fostering resilience, and meeting the evolving expectations of customers and stakeholders alike. Implementing sustainable business practices can help your company contribute to Ireland’s goal of reducing carbon emissions by 51% by 2030 and achieving a climate-neutral economy by 2050. This ..read more

By Shannon Power, 10th April 2024 In the wake of the evolving landscape of work culture, the Workplace Relations Commission (WRC) has recently introduced a new Code of Practice, outlining the rights of both employees and employers regarding flexible and remote working arrangements. This comprehensive guide serves as a beacon for navigating the intricacies of modern work arrangements in an ever-changing professional landscape. Let’s delve into the core principles and implications of this code, examining how it impacts both parties involved. The Need for Change The concept of work has under ..read more

By Andrew Lambe, 22nd March 2024 The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024 was published by the Government on the 15th March 2024 and is set to be discussed and ratified in the Dáil over the coming weeks. The bill includes proposals for making permanent the provisions giving companies and industrial and provident societies the option to hold fully virtual general meetings. It also proposes amending the audit exemption regime for small and micro companies to remove automatic loss of exemption when an annual return is filed late unless it is ..read more

By Andrew Lambe, 7th March 2024 Please note that there are significant delays in obtaining letters of no objection from the Revenue Commissioners for companies that wish to avail of voluntary strike-off due to ‘the large volume of cases at present’. These applications are dealt with by The National Companies Unit and they have acknowledged the backlog and advised that they are monitoring the situation closely. To help reduce the number of incomplete applications, a downloadable checklist is now available on the Revenue website to help applicants provide all required information in their i ..read more

By Shannon Power, 28th February 2024 Starting a business with family or friends can be an exciting endeavour filled with promise and potential. However, it also comes with its own set of unique challenges. In Ireland, where entrepreneurship is thriving, navigating the complexities of starting a company with loved ones requires careful planning and consideration. Here are five essential tips to help you embark on this journey successfully: 1. Define Roles and Responsibilities: One of the biggest pitfalls in starting a business with family or friends is assuming that everyone knows their ro ..read more

By Andrew Lambe, 23rd February 2024 The legislation governing UK companies will change from 4th March 2024, as part of the recently published Economic Crime and Corporate Transparency Act. Several important changes coming down the track include: Greater powers to the registry: The registrar will have enhanced powers to improve the quality and accuracy of the information on the public register. This includes enhanced checks on UK company names, scrutinising and rejecting incorrect information, removing false or inaccurate information, annotating the register, using new data-matching techno ..read more

  In Ireland, the process of incorporating a company involves meticulous attention to detail to ensure submissions to the Companies Registration Office (CRO) are accurate and compliant. However, several common pitfalls can lead to CRO submissions being returned. Here are 10 crucial factors contributing to returned submissions: 1. Incorrect PPSN Number The Personal Public Service Number (PPSN) serves as a unique identifier. Any discrepancy or error in the provided PPSN can result in submission rejection. Ensuring accuracy in this identification number is pivotal for a successful incorporat ..read more

By Shannon Power, 8th January 2024 In a significant move to support businesses navigating the challenges posed by the ongoing COVID-19 pandemic, Minister for Trade Promotion, Digital, and Company Regulation, Dara Calleary TD, recently announced that the interim period of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 related to the holding of virtual meetings, including Annual General Meetings (AGMs), in Ireland will now continue until the 31st of December 2024. The Act makes temporary amendments to the Companies Act 2014 and the Industrial and Provident Societies Act, 1893 ..read more

By Shannon Power, 5th January 2024 In a significant development for the business landscape, on the 1st of January 2024, Ireland implemented a new minimum tax rate on profits for certain large firms. The move aims to address concerns about corporate tax avoidance and ensure a fair contribution from corporations towards the national economy. Let’s delve into the details of this new regulation and its potential impact on businesses in Ireland. The Shift to a 15% Corporate Tax Rate: The new minimum tax rate, effective from the 1st of January, 2024, sees a shift from the previous corporate tax ..read more

By Shannon Power, 28th November 2023 Corporate tax rates play a pivotal role in shaping a country’s economic landscape and attracting foreign investment. In Europe, the diversity in tax policies has created a spectrum of opportunities and challenges for businesses. Among the nations that stand out, Ireland has gained widespread attention for its favourable corporate tax rates, making it an attractive destination for multinational companies. Understanding Corporate Tax in Europe: The European continent is a mosaic of nations, each with its own economic structure, fiscal policies, and corpo ..read more