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Tag: Accountants

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.

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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.

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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”.

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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:

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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.

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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.

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