Tony Loughnane ACA

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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𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐈𝐫𝐞𝐥𝐚𝐧𝐝’𝐬 𝐟𝐮𝐭𝐮𝐫𝐞 𝐡𝐨𝐥𝐝?🟢 Chartered Accountants Ireland's latest edition dives into essential changes industry leaders advocate for in 2025. What’s the one change you’d like to see in 2025? https://ow.ly/8A8R50U6RGJ #AccountancyInsights #HireIQ #FutureOfFinance

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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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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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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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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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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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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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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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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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Ensure to chat with your accountant or with your industry framework on how each budget change may effect you or your business and importantly, when! Check our details from our tax advisory team below; #vistra #taxrelief #irishbudget2025 #progresswithoutfriction

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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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💡 What will Budget 2025 mean for you? ⏱️ As the countdown to Ireland’s Budget 2025 begins, our team will examine: 🏢 Sector-Specific Impact: Understand how Budget 2025 will affect key industries and what it means for your organisation's future. 📄 Personalised Implications: Discover tailored advice on how the budget's measures could influence your personal and business finances. 👩‍🏫 Navigate Budget 2025 with EY - https://lnkd.in/euyRdCan #Budget2025

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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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Most businesses in Northern Ireland (78%) are trading well or reasonably, according to the findings of the latest Quarterly Economic Survey published today by NI Chamber and BDO Northern Ireland. In Q3 24: ➡️The share of those trading ‘well’ fell to its lowest point in four years (27%) ➡️The percentage just covering costs or struggling (22%) was up from last quarter ➡️4 in 5 members were under pressure to raise prices because of rising labour costs ➡️44% of members expressed concern about taxation ➡️78% of businesses are struggling with the persistent problem of labour shortages ➡️Fewer members noted inflation as a key concern https://lnkd.in/eVi76CzJ

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