Ronan Costello ACA CTA

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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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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Making a will is a powerful step towards a well-planned legacy, providing certainty and protection for your loved ones.  My colleague, Andrea McNamara, Head of Private Client Law at EY Law Ireland spoke to RTE’s Claire Byrne about the importance of making a will and succession planning. Listen here - bit.ly/3UncV0m 🌟 #EstatePlanning #WillAndTestament #FinancialWellbeing

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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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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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Thinking of locating or expanding your business into Ireland? There’s a lot more to it than just an appealing corporate tax regime!   MHA’s latest article gives a helpful overview of doing business in Ireland. It's a great, quick read for any business thinking of Ireland as a possible location: https://lnkd.in/eBsZGzJn #Tax #CorporateTax #RandD

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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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2 Comments

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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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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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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Ready to Build a Firm that Thrives Without You? At ProfitPro, we empower Irish accountants to create profitable, scalable, and saleable businesses. But first—you need to be honest about where you are. Are you moving forward with a clear strategy, or stuck in the same cycle, missing the progress you deserve? In our Built to Sell Masterclass, we'll guide you through a powerful tool to take stock of your firm's current position. Brutal honesty about where you are is the first step toward building a firm that's not just profitable, but saleable—even if you're not ready to sell. Build smarter. Scale faster. Succeed on your terms. Register @ https://lnkd.in/ePXtau5U #BuiltToSell #ProfitPro #ScaleYourFirm #AccountantsTransformation #Masterclass

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SMEs make up 99.8% of all enterprises in Ireland and employ over 68% of the workforce. Despite their crucial role, they face challenges in accessing supports, investments, and managing administrative burdens. ⬇ Chartered Accountants Ireland have put together a brilliant position paper that outlines the challenges and opportunities faced by SMEs, emphasising their crucial economic role. Explore more insights here: https://lnkd.in/e_dWZFpu #AccountingIreland #FinanceIreland #CharteredAccountantsIreland #SupportSMEs

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Interesting article from John Burns in today's Irish Independent around share based remuneration. Of note, the level of remuneration provided by share based remuneration is significant (€2.8 billion in 2023) and rapidly growing (€2.1 billion in 2022). However the system is complex for all stakeholders and needs to be simplified. The various regimes also need to be enhanced to support usage among SMEs who are increasingly having to offer share-based remuneration as a way of competing with larger competitors. These recommendations have formed part of our Deloitte 2025 pre-budget submission which you can read here: https://lnkd.in/eF7zrV9H #DeloitteBudget2025 #DeloitteTax #Budget2025 https://lnkd.in/ePg-p4-g

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