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Tag: Noone Casey

Top 5 Business Apps To Simplify Your Day

Written by David on . Posted in Featured, News, Uncategorized.

Google Docs, Slack, Revamp, Flipboard, Tiny Scanner - Top 5 Business Appd
Top 5 Business Apps To Simplify Your Day

1 GOOGLE DOCS

Edit, export and view documents efficiently while you are on the go. Create new documents or edit existing files on an easy to use app that also allows you to collaborate with colleagues in the same document at the same time. You can even work offline if you need to.

2. SLACK

Create teams and message each other, assign tasks and create deadlines. Helpful for managing multiple projects with different groups of people.

3. REVAPP

Easy and secure access to Revenue’s services to help you manage your Irish tax affairs, on the go. This also gives you access to Receipts Tracker – the easy way to record and manage receipts for your expenses.

4. FLIPBOARD

This app brings together news, popular stories and conversations around any interest or passion. Download the app, select your interests and Flipboard will create a magazine just for you.

5. TINY SCANNER – PDF Scanner App

You will never have to worry about not being near a scanner again. Use this app to turn your smartphone into a scanner. This app also turns the scanned documents into PDF’s for safe distribution.

Guaranteed Irish Relaunch/Return of the GI

Written by David on . Posted in Featured, News.

We were delighted to attend the relaunch of the Guaranteed Irish brand with An Taoiseach Enda Kenny and Board members and supporters of Guaranteed Irish. GI members support 30,000 jobs in Ireland, contribute to their community and have a positive long term interest in Ireland. As members of GI we connect businesses all over Ireland and Irish communities across the world.

If you wish to join Guaranteed Irish contact Anthony Casey  and we will be delighted make the introduction.

 

Ireland – a magnet for UK firms looking beyond Brexit

Written by David on . Posted in News, Tax Briefs.

Motivated by worries about tariffs and a potential risk to their overseas sales in the post-Brexit era, many UK firms see Ireland as a better option than mainland Europe. Paul Brown, a tax partner at Manchester accountancy firm HURST, said Ireland’s low tax rates – corporation tax is 12.5 per cent – along with state support for overseas companies, a similar business culture to the UK and a common language are key factors behind the surge in interest. In addition, Ireland has a similar business law system and an economy which is not overburdened by regulation, he said.

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FX Gains or Losses?

Written by David on . Posted in Business Briefs, News.

The Irish economy generates foreign exchange (FX) flows of approximately €200Billion every year from the import and export of goods and services in addition to financial flows. Volatility in the FX markets is an ever present challenge to financial managers who are trying to minimise the impact that movements in foreign exchange rates can have on their core business. Adopting a proactive approach to managing FX risk will ensure that unforeseen developments in the financial markets do not erode trading margins or create negative surprises that can have a detrimental impact on the company’s performance. When it comes to managing FX risk it is not about beating the market or rolling the dice, it is about mitigating what is a very significant risk to your bottom line.

If we look at the EURUSD exchange rate over the last 18 months, we can see that an Irish company importing goods and paying for them in US dollars would have been doing so at a rate of €/$1.40 in May 2014. As recently as a few weeks ago, that same company would have been buying those same goods at a rate of €/$1.05, a move that represents a 25% increase in costs. Nobody knows where FX rates will be in the future but companies can take steps to manage or avoid these negative surprises or disadvantageous moves in the FX market.

Better FX rates mean that you will pay less for your foreign currency purchases or will generate more income from your foreign currency sales, these savings go straight to your bottom line.

Talk to Noone Casey to identify how best to manage your FX exposure.

How to reduce your tax bill

Written by David on . Posted in News, Noone Casey News.

We are delighted to launch RadioNooneCasey a tax and financial initiative to save tax and structure your financial affairs efficiently. Our first podcast How to reduce your tax bill focuses on simple tax planning opportunities. If you have any questions on how to save taxes or how to structure your commercial & personal tax affairs more efficiently please contact Anthony Casey at 01 6766 476 or by email

Contractors & Revenue Audits

Written by David on . Posted in News, Noone Casey News.

Noone Casey are hosting a seminar for contractors on 19th September 2013 at 6.30pm in the Alexander Hotel, Fenian St, Dublin 2 on Contractors & Revenue Audits.

The Revenue Commissioners are targeting contractors for Revenue audit following the success of their initial Contractor project in the Munster region. The first round of Audit notification letters has been issued with subsequent rounds being issued in the coming months.

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Understanding Local Property Tax

Written by David on . Posted in News, Noone Casey News.

The deadline date for electronic filing of Local Property Tax returns is 28 May 2013.

In this video, Chartered Accountants Ireland Director of Taxation Brian Keegan explains how this is a self-assessment tax, where the obligation is on the individual to ensure information held by Revenue is correct. He also looks at the tax from the perspective of self-employed people and PAYE workers and talks about ways to file.

If you have any questions about your Local Property tax contact Anthony Casey with your queries

Drawdown of AVCs

Written by David on . Posted in Business Briefs.

The Finance Act 2013 has introduced a facility whereby individuals can withdraw a portion of their AVC assets prior to retirement age. The key features are:
· It is possible to withdraw up to 30% of the accumulated value of Additional Voluntary Contribution (AVC) payments from a pension arrangement. This includes occupational pension plans, AVC plans, PRSA AVC plans and Personal Retirement Bonds with an AVC element.
· If an individual has more than one pension arrangement, the limit applies to 30% of the value of AVCs from each arrangement.
· Withdrawal is not an option on the value of employer contributions or employee regular contributions.
· Only one withdrawal is allowed.
· The withdrawal can take place at any time between 27th March 2013 and 26th March 2016.
· The withdrawal is liable to income tax but not subject to PRSI or USC deduction. The income tax liability is based on the individuals overall income in the year of withdrawal.
The Registered Administrator (RA) for the pension plan will have procedures for AVC drawdown. The RA will require the completion of a form. The RA is obliged to deduct income tax at source. Most RAs are likely to automatically deduct at the 41% income tax rate with the provision of the individual to either prove a lower tax rate liability prior to payment or the individual can claim back any excess deduction of tax from the Revenue Commissioners. Each RA will have procedures for the sale of investment units and the timelines for the settlement of payment. The RA might only make payment by electronic fund transfer.
If a Pension Adjustment Order (PAO) is in place, each party can access the value of AVCs based on the terms of the PAO.
Interested in finding out more…
Depending on an individual’s personal financial circumstances, the option to withdraw up to 30% of the value of AVCs could be good or poor financial advice. This is a technical note and should not be regarded as financial advice.

Feel free to contact us for more information or if you have any specific questions to relation to AVC drawdowns
Thanks to our friends in Acumen & Trust for this technical update.