PAY & FILE DEADLINE
About 20% of self-employed taxpayers are likely to miss the impending pay-and-file deadline and will have to pay penalties as a result, The Sunday Business Post reports.
Tag: Accountants
REVENUE AUDITS FOR ‘PROFESSIONALS’
The Revenue is stepping up its crackdown on undeclared income by targeting accountants, lawyers and other professionals, The Sunday Business Post reports.
PROGRAMME OF THE GOVERNMENT FOR NATIONAL RECOVERY
Chartered Accountants Ireland have reviewed the Programme of the “Government for National Recovery” published by the Fine Gael and Labour parties at the weekend. The programme contains some detail as to what can be expected in terms of tax policy. Among the tax proposals are the following:
REVENUE AUDITS
A financial controller in a manufacturing company with 30 employees writes to The Sunday Business Post seeking advice on how to react when confronted with the prospects of a tax audit. He has noticed an over-claim on Vat and is wondering if he has to disclose this and also wonders if he is duty-bound to disclose commercially sensitive information.
GAMBLING ON THE MARGIN
The Sunday Business Post relates a cautionary tale of an unnamed Irish finance director in a leading international financial services company who is now calling for stricter regulation on spread betting after losing $750,000 “on bets that went spectacularly wrong”.
BUDGET NIGHT RESOLUTIONS
Chartered Accountants Ireland have issued important clarification of the status of Budget Night resolutions in the event of a General Election prior to the passing of the Finance Bill:
ELECTRONIC MEDIA
It looks like inveterate tweeter Ryan Tubridy has had enough of Twitter – learning the hard way it can be better for self-confidence to insulate oneself from the hoi polloi.
IRISH FIRMS DISCARD UK CODE
Irish companies are set to discard the UK accounting rules they have been moored to for decades and adopt an international accounting code – the IFRS – for small and medium sized businesses.
REVENUE AUDITS
The Personal Finance Section of The Sunday Business Post provides timely advice on how to avoid getting into trouble with the taxman and how to survive a dreaded audit.
ACCOUNTANTS TOLD TO CLEAN UP THEIR ACT
Bankers, lawyers, politicians, clergymen – they have all lost standing in Irish life in recent years. And accountants have also suffered a loss of public confidence. Michael Costello, a partner and head of audit at BDO, one of the country’s main accountancy firms, has said that the profession needs “fresh thinking” and that it would have to demonstrate greater independence and impartiality.