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The surcharge does not apply if the company is insolvent and has a negative balance sheet even if there are profits in the year in question. This is because it is illegal under Irish Company Law for a company to pay a dividend unless it has the available distributable reserves to do so...

ACCOUNTANTS PRACTICE SET-UP I hope to set up a accounting practice in Dublin region in early half of 2016. I would welcome constructive advise from Accountant's who own practices and ones that have set up recently. I have listed a few items below and welcome your input and constructive advise as...

If you are supplying services to companies based outside the state the place of supply of those services is where the customer is situated and therefore is outside the scope of Irish VAT. The customer (if they are based in the EU) is required to account for the VAT on the purchase of the service...

Assuming that you are a limited company this is a relatively easy question to answer. Your normal place of work is the place where the new contract role is situated and the new plant is built and where you have your "office" (A). Then, you are required to move to a temporary location for 2-4...

At the moment they just want to clarify a few things about the business. However you should probably treat it as if it was a revenue audit and have everything ready for them that they want to look at because if the revenue do find anything that is suspect they will be back. Ditto if they...

As the above poster said, there can be difficulty in registering a foreign entity for VAT especially where it is apparent that the company is simply a brass plate operation. The revenue have become a lot more difficult on this issue over the last few months and can become intractably suspicious...

But they are not. You are still providing the materials for them! And you are trying to cover it up by getting the invoices from the supplier made out to cash. And you are also suggesting he can keep the margin he is making on the materials by not giving said invoices to the customer and...

Hi I would be surprised if you get anyone on here to advise you because what you are suggesting is basically tax evasion. Capnhand

Yep. If you send me a PM with your details. Regards capnhand

Hi Companies that are limited by guarantee are not regulated by the 1986 Companies Act or by any of the exemptions afforded to small or medium sized companies. They are regulated by the 1963 act and are required to file a full set of accounts with the CRO. S148 and S149 of the Companies Act...

Hi If its non trading and completely dormant I would think in the region of €350 plus VAT. capnhand

Hi I had to rescue a client from a similar firm of auditors in the past who quoted a price of €500. They were clearly outsourcing all of the work to India. Interesting to see how they dealt with "fit and proper" requirements. To cut a long story short, they eventually managed to track down an...

Hi I'm cant get any response from the solicitor. My next stop will be a call to the district court. capnhand

Hi How long should it take for a judgement in a debt collection case to be issued by the courts once you have won your case. capnhand

Hi You could amend the P35 but this would be incorrect as the payment was not made in 2012 it was made in 2013. Therefore it needs to be returned on the 2013 P35 and on the current P30. Nor can you declare directors fees as an accrual in the accounts because it is presumably 6 months after the...

Hi I think this may be relevant also. http://www.revenue.ie/en/tax/it/leaflets/benefit-in-kind/other.html#section1 Where shares in a company are given by the company to an employee free of charge or at a discounted price or under a share scheme, the employee is chargeable to tax on the...

The common law of business balance prohibits paying a little and getting a lot. It can't be done. If you deal with the lowest bidder, it's well to add something for the risk you run. And if you do that, you will have enough money to pay for something better.

Hi A professional services company is one where the principle part of the company's income is derived from professional services. So provided the principle part of the income does not derive from the type of services posted by Mandelbrot above it will not be a professional services company...

Gimme back my lunch money or I takes my ball and goes home :)

I agree with all this but I would also point out. "10 ...users of the financial information compiled derive benefit because Chartered Accountants are required to carry out professional work with due skill, care, diligence and expedition and are subject to the Rules of Professional Conduct...