By Shannon Power, 8th January 2024 In a significant move to support businesses navigating the challenges posed by the ongoing COVID-19 pandemic, Minister for Trade Promotion, Digital, and Company Regulation, Dara Calleary TD, recently announced that the interim period of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 related to the holding of virtual meetings, including Annual […]
By Shannon Power, 5th January 2024 In a significant development for the business landscape, on the 1st of January 2024, Ireland implemented a new minimum tax rate on profits for certain large firms. The move aims to address concerns about corporate tax avoidance and ensure a fair contribution from corporations towards the national economy. Let’s delve […]
By Shannon Power, 30th November 2023 In an era dominated by digital transformation, the financial services sector plays a pivotal role in ensuring economic stability. With the ever-growing reliance on technology, the need for robust digital operational resilience has become paramount. The Digital Operational Resilience Act (DORA) emerges as a significant legislative milestone, and its implications […]
By Company Bureau Formations, 31st May 2023 (Updated 28th November 2023) Why is the Protected Disclosure (Amendment) Act 2022 (“the Act”) relevant to my business? As an employer, the responsibility falls upon you to ensure you effectively address disclosures of misconduct, aligning with the Act. Employees are now afforded greater protection in reporting unlawful or immoral […]
By Shannon Power, 28th November 2023 Corporate tax rates play a pivotal role in shaping a country’s economic landscape and attracting foreign investment. In Europe, the diversity in tax policies has created a spectrum of opportunities and challenges for businesses. Among the nations that stand out, Ireland has gained widespread attention for its favourable corporate tax […]
Commencing on January 1st, 2024, the Revenue Authority is instituting a transformative framework known as Enhanced Reporting Requirements (ERR). This initiative mandates employers and payroll processors to furnish comprehensive details pertaining to specific disbursements made to both company directors and employees. The inaugural phase of ERR will focus on the following tax-free payments and what […]
By Shannon Power, 1st November 2023 In the dynamic landscape of business regulations, keeping up-to-date with the latest changes is crucial, especially for small and micro-sized companies that form the backbone of our economy. Recently, there have been discussions about revising the audit exemption rules, sparking conversations within the business community. The proposed changes, brought forward […]
By Nicola Fitzpatrick, 11th October 2023 Macroeconomic Update Minister Michael McGrath relayed yesterday that looking at the state of the Irish economy there are many positives, including a country at full employment with a record high of over 2.6 million people at work. The minister also acknowledged there are capacity constraints in the economy, and these […]
The requirement for company directors to provide Personal Public Service Numbers (PPSN) came into force on 11 June 2023. After three months, the system has bedded in and the CRO has been able to identify some particular issues that presenters and directors may wish to address. To take a typical day (26/09/2023), for example, there […]
By Andrew Lambe, 5th October 2023 (Updated 13th November 2023) In pursuit of improved regulatory compliance, the Companies Registration Office (CRO) has undertaken significant efforts of late to enforce regulatory requirements and encourage good corporate governance. In July, the CRO doubled down on these compliance efforts by issuing warning letters to companies that had failed […]
