Business Brief: Deposit Guarantee Scheme (DGS)
The Deposit Guarantee Scheme (DGS) protects depositors in the event of a bank, building society or credit union authorised by the Central Bank of Ireland being unable to repay deposits.
The DGS is part of the Central Bank of Ireland’s strategy to ensure that the best interests of consumers of financial services are protected. The DGS is administered by the Central Bank of Ireland and is funded by the credit institutions covered by the scheme.
Did You Know? Mandatory E-Filing
The Section 847 of the Companies Information Act 2014 introduced mandatory electronic filing of all financial statements and annual returns filed with the CRO.
The following forms are also affected and must be filed electronically:
- B2-cahange of registered office
- B10-change of directors
- B73-change of ARD date
Opportunities Ripe as Irish Economy Looks Strong for 2018
The past number of years have seen a strong recovery by the Irish economy that has surpassed all expectations. This has been led by robust export growth but there has also been a strong rebound in domestic demand, including business investment, construction and consumer spending.
PRSI Contributes Finally Benefit the Self-Employed
The Treatment Benefit Scheme is a scheme run by the Department of Employment Affairs and Social Protection (DEASP) that provides dental, optical and aural services to qualified people. The Treatment Benefit Scheme is available to insured workers and retired people who have the required number of PRSI contributions.
Tax Brief: Pre-Letting Expenses
Expenses incurred on rental properties prior to letting was previously disallowed as a deduction against rental income when computing taxable rental profits.
Finance Bill 2017 includes new measures permitting a deduction for pre-letting expenses incurred on previously vacant residential properties where: