Maria Diver

Ahead of the next general election, Chartered Accountants Ireland is campaigning to ensure the next Government recognises and supports the critical role SMEs play in Ireland's economy. We have engaged extensively with members in recent months listening to what they believe needs to be prioritised to make Ireland a better place to work and live. Our election manifesto 'Securing A Sustainable Economy' sets out the following key priorities: 👷‍♀️ Reduce labour costs for SMEs 📓 Think 'small first' when introducing new legislation 🈺 Simplify the tax regime to encourage enterprise 🚸 Make more childcare places available for working parents Until election day (whenever that day comes) our team will continue to work tirelessly to promote our members' priorities to politicians and policymakers alike. Stephen Lowry Gearóid O'Sullivan Leontia Doran Susan Rossney Barry Doyle Barry Dempsey Sinead Donovan Pamela McCreedy FCA Jill Farrelly MPRII Jeremy Twomey

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Upcoming investment trends look promising with 79% of investors planning to grow their Irish operations in the next 12 months. Financial Services and Pharmaceuticals & Chemical industries are leading the charge with the strongest investment intentions. Download the EY Attractiveness Survey 2024 to gain insight into the sectors that are capturing the attention of investors - https://lnkd.in/eEFXBCvE #FDI #ForeignInvestment #investment

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Upcoming investment trends look promising with 79% of investors planning to grow their Irish operations in the next 12 months. Financial Services and Pharmaceuticals & Chemical industries are leading the charge with the strongest investment intentions. Download the EY Attractiveness Survey 2024 to gain insight into the sectors that are capturing the attention of investors - https://lnkd.in/eEFXBCvE #FDI #ForeignInvestment #investment

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With the Revenue Online Service (ROS) deadline to make contributions against 2023 earnings rapidly approaching on 14th November 2024, Paula Finlay, Head of Pensions, Davy Private Clients, explains why pensions are one of the most tax-efficient ways to save for your retirement. Why not request a call today. https://lnkd.in/eSeKaiwq #Pension #PensionTopUp #FinancialPlanning #RetirementPlanning

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In yesterday’s Sunday Business Post, Colm Power, CFA, Director of Financial Planning at Davy, discusses how the series of changes to pension structures passed in the 2024 Finance Act will create new challenges for business owners. Master trusts are emerging as an important alternative as they allow for irregular, larger contributions, accommodating the variable cashflows that business owners often experience. To find out more about how Davy can work with you to develop a plan aligned with your retirement ambition, visit https://lnkd.in/euxWjGxF #MasterTrust #Pensions #RetirementPlanning #FinanceAct2024

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Irish tax revenue growth continues year on year with strong performances in income tax, VAT and corporation tax.

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Irish tax revenue growth continues year on year with strong performances in income tax, VAT and corporation tax.

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Irish tax revenue growth continues year on year with strong performances in income tax, VAT and corporation tax.

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Recent amendments to the attached Chartered Accountants Ireland CPD Regulations have facilitated simplification of how our members confirm compliance with their CPD requirements and the Institute’s Code of Ethics. Henceforth, by paying their annual membership subscription, or permitting this to be paid on their behalf, or otherwise renewing their membership, members are automatically acknowledging CPD compliance and their awareness of Code of Ethics obligations. As a consequence, members generally will no longer have to submit an annual declaration (the Individual Annual Return) in respect of these matters. Please note, that Responsible Individuals (statutory auditors) in audit firms registered by the Institute remain subject to a separate CPD compliance regime based on Irish company law and IAASA requirements. To learn more on these changes and how they impact you, check out this short article at the link below: https://lnkd.in/ex-xERPh If you have queries in relation to the above, please contact our Professional Standards Department at [email protected] #charteredaccountants #ireland #northernireland #cpd #ethics

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The Rules for Pensions 2024 👉 Significant changes 👉 Irish Directors can invest up to €2 500 000 👉 Reduce your Corporation tax bill 👉 Invest in your future https://lnkd.in/gRwgKT4C #aroundfinance #pensions #PRSAs #LimitedCompany #Directors

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Here's a 5 step decision-making framework Irish businesses must use to determine if a worker is an employee or self-employed for taxation purposes.

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Starting your own business can be an exciting and rewarding venture. One of the simplest ways to begin is by becoming a sole trader. This straightforward business structure allows you to be your own boss, making all the decisions and keeping all the profits. However, success as a sole trader requires careful planning and adherence to specific steps.

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Good to hear the Governement is considering scrapping the proposed changes to CGT retirement relief on the transfer of business. The proposed changes , if implemented, would have resulted in some businesses not being transferred until the current owner passed away or being sold to fund the tax. With the need to encourage Irish companies to scale and remain with family owners inappropriate tax provisions would have a negative effect . Forvis Mazars were delighted to assist various organisations in highlighting the practical impact of poorly researched legislative proposals. Perhaps a bit more consultation on the impact of proposed legislative changes would be best all round in the future.

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Very interesting analysis from Chartered Accountants Ireland on the recent budget and it's lack of assistance for the SME sector. Budget 2025 includes substantial tax cuts and cost-of-living relief totaling €3.2 billion, aiming to attract individual voters ahead of upcoming elections. Taxpayers benefit from income tax cuts, credits, and energy subsidies, making many €1,000 better off. However, small businesses feel overlooked, receiving only minimal aid while facing increased labor costs, including a rise in minimum wage and pension costs. Despite expectations, no direct measures were introduced to reduce employers' PRSI to relieve these burdens, with critics noting that targeting voters took precedence over structural business support. This budget’s focus on personal giveaways may stimulate short-term consumer support but misses an opportunity for balanced economic sustainability, leaving SMEs with mounting cost pressures. Do you agree with this analysis? #Budget2025 #TaxRelief #SupportSMEs To read the full article click on the link below https://lnkd.in/eYH_rz9z

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What tax obligations apply to an Irish regulated fund? We have prepared a comprehensive report which addresses this question across fund level, investor level and investment level for each type of legal vehicle. Click here for more details https://lnkd.in/eRJ2VwF6

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What tax obligations apply to an Irish regulated fund? We have prepared a comprehensive report which addresses this question across fund level, investor level and investment level for each type of legal vehicle. Click here for more details https://lnkd.in/eRJ2VwF6

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Our latest CFO Survey is published today - read the summary report at the below link. Whilst there is still high levels of uncertainty among CFOs; expectations around Revenue (3 in 4 expect revenues to increase over the next 12 months) and inflation (expectations that this will be 3% for next 12 months) compounded by interest rate reductions sees 60% of Irish CFOs more optimistic about their business than they were six months ago (and Irish CFOs are nearly twice as optimistic as the European average!!). Alan Flanagan Shane Mohan Tom Hynes Donal Lehane Eoghan Murphy https://lnkd.in/eeEBWdmv

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Budget 2025 - How Will that impact your business? Interested to hear more join Kinore, Finance & Business Services along with Larissa Feeney FCA, CEO and Founder of Kinore, and Tom Francis, Head of Accounting who will be hosting with expert guest, David Broderick Director of Small Firms Association of Ireland,. 🗓️ Wednesday, 2nd October ⏰ 10.30am 📍 Online - link to register in comments Join us for an insightful discussion to understand the true impact of budget on you and your business. #Kinore #Budget25 #SME #SFA #Compliance

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