News

Making money from bitcoin? Revenue has issued rules on paying taxes

Irish-based companies are not permitted to prepare their accounts in cryptocurrencies such as bitcoin and must convert crypto payments to staff into euro for tax purposes. A new Revenue Commissioners briefing document also makes clear that while trading in cryptocurrencies such as bitcoin, litecoin and ripple will not attract VAT, any gains made will be […]

Continue Reading

Cashing in on the recovery of the property market

Earlier this week, David Ehrlich, the founding chief executive of the State’s biggest landlord, earned a €4.2 million profit selling his shares in the company to its largest investor, listed Canadian property firm Capreit. Ehrlich resigned last year from the top job at Irish Residential Property Real Estate Investment Trust (Ires Reit), one of a […]

Continue Reading

Europe: Shares set to extend winning streak on oil surge, weak euro

[MILAN] European shares dipped in morning trading on Friday but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over political risk in Italy. The pan-European STOXX 600 index fell 0.3 per cent but remained near its highest […]

Continue Reading

Seven steps you must follow in order to successfully navigate a Revenue audit

The receipt of a Revenue audit notification is a stressful event for most taxpayers. However, with careful preparation the worry and cost can be minimised. These seven steps set out what to consider in preparing for a Revenue audit. 1. Revenue audit letter The first step is to review, in detail, the notification of an […]

Continue Reading

Hundreds affected by mistakes in mortgage calculations

Hundreds of homeowners have had their monthly mortgage repayments calculated incorrectly by the largest credit servicing firm in the State. Pepper Asset Servicing has admitted that some people have been charged too much on their mortgages, with others charged too little. Customers have also been issued with incorrect mortgage statements. The issues have been brought […]

Continue Reading

Corporation tax volatility will lead to ‘inevitable fall’

The “wind is at our backs” in relation to corporation tax yield but “it cannot continue indefinitely”, the head of the Irish Fiscal Advisory Council has warned. Economist Seamus Coffey told the Oireachtas Budgetary Oversight Committee there is “significant volatility taking place under the bonnet” when it comes to corporation tax revenues and that a […]

Continue Reading

Keeping it in the family: how succession planning can protect the business and future generations

As the old saying goes, there are three certainties in life – change, death and taxes. And let’s face it, we don’t get up every morning looking forward to the middle one. Nor are you likely to see advertisements for funerals with special offers, a summer sale or promotions. A funeral is a distress purchase. […]

Continue Reading

Rental home numbers slide as Airbnb hits Dublin market

The number of homes available for rent has steadily dropped, with fewer than 1,000 expected to be available in the capital by the end of the year, property website Daft.ie has warned. The listings site said a lack of new properties coming on stream meant the number of houses and apartments being offered to tenants […]

Continue Reading

No Brexit impact for Irish savers as 51pc put away extra cash every month

Just over half of Irish people are now regular savers, and almost all of them say that Brexit has not affected their saving patterns. The latest Bank of Ireland-ESRI Savings and Investment Index, which measures sentiment towards savings and investment, found that 51pc of Irish people are now saving regularly. That’s up from 46pc in […]

Continue Reading

Are we in danger of returning to a level of arrogance and complacency to customer service?

In a rising economy, when consumer demand increases, prices go up. In contrast, regrettably, we often see levels of customer service going down as businesses focus on quick profits. How many times have you heard stories of service providers not calling the customer back after an initial enquiry? A close friend is in the market […]

Continue Reading