The New Central Register of Beneficial Ownership – How does it work?

By Andrew Lambe, 30th May 2018 (Updated 9th August 2019) After a short delay, the Central Register of Beneficial Ownership (RBO) online portal is now open and began accepting filings on 29th July 2019. All existing Irish companies are required to file information on their beneficial owners before the deadline on 22nd November 2019. The launch of […]

New Definition of an “External Company” under the Companies Act 2017

By Caitlyn Buchanan, 14th May 2018 The Minister for Business, Enterprise and Innovation has ordered that Section 80, the last section of the Companies Accounting Act 2017, be enacted on the 9th of June 2018. This section brings changes from the Companies Registration Office (CRO) regarding the formation of eternal companies such as Irish Branch […]

PAYE Modernisation: What does it mean for employers?

By Helen Dyulgerov ACA AITI Head Accountant Accounting & Bookkeeping Bureau 9th May 2018 The Revenue Commissioners have recently announced that ‘PAYE Modernisation’ will come into full effect from the 1st of January 2019. The purpose of the update is to ensure Revenue holds up-to-date information on employees and employers allowing it to monitor that […]

CLG & PULC’s required to file an increase in number of members: Not doing same is a category 4 offence

By Philip Hayden, 9th May 2018 The Companies Registration Office have taken steps to remind CLGs of their requirement to file an increase of members. The CRO is making this requirement clear, recognising that in the past a Company Limited by Guarantee may either not be aware of the requirement, or in rare cases, have […]

EU States Publish 5th AML Directive – 2020 implementation date agreed

By Andrew Lambe, 6th Mar 2018 (Updated 17th August 2018) On 19 June 2018 the Council of EU and the European Parliament have entered text into the Official Journal of the EU on the agreed 5th Anti-Money Laundering Directive (AML5D). This is an interesting development given that the 4th Anti-Money Laundering Directive (AML4D) still hasn’t to […]

Staying on the right side of Ireland’s Tax Rules

Irish Tax Filing

By Helen Dyulgerov ACA AITI Head Accountant Accounting & Bookkeeping Bureau 13th Feb 2018 Whether you are starting out in business or running a successful SME staying on-top of Irish tax filing responsibilities is increasingly important. Nearly 80% of taxes in Ireland is collected for Revenue by Irish businesses and the role of Revenue authorities […]

The Companies Accounting Act 2017 and your Unlimited Company

non-filing of financial statements for unlimited companies

By Philip Hayden, 1st Nov 2017 The introduction of the Companies Accounting Act 2017 has seen some significant changes in the type of Unlimited Company structures that can avail of non-filing of financial statements. The essence of this move is, to remove a loophole that enables an unlimited company to enjoy the protection of limited […]