The Mantra for Business Leaders

At age just 44 President Theodore Roosevelt was the 26th president of the United States from 1901 to 1909. He famously declared in a “Citizenship in a Republic” speech that business men and women should always keep in mind when the going gets tough: “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who […]

Financial Information for Landlords

If you’re a landlord these days, you’ll know owning property to let isn’t a walk in the park despite the massive rent increases. John Lowe from the Money Doctors takes a look from a landlord’s perspective at what you need to know on: Residential Tenancies Board Rental rules and regulations Offsetting expenses Mortgages   1. Residential Tenancies Board (RTB) First things first: if you are a new landlord with a residential investment property, or are welcoming your first tenants, you need to ensure you are all registered with the RTB. You can do this online or […]

Local Enterprise Office Marketing Grants

Is your website looking dated, doesn’t work properly on mobile phones and is generating little or no revenue for your business? If so, why not avail of a Local Enterprise Office (LEO) Trading Online Voucher (TOV) to give your online business a kick-start. If you want a new website or to redevelop an existing site you could be eligible for a grant of up to €2,500 (50% of the development costs) to overhaul your website and get it working for you. A TOV offers small businesses and retailers the opportunity to apply for match funding to […]

Ordinary Resolutions & Special Resolutions

Ordinary Resolution or Special Resolution

We often advise on and clear up the confusion that exists with company resolutions. A resolution is just a formal name for a decision made at a meeting of a company (AGM or EGM) and a written resolution formally outlines the decision made by the members of the company. Special Resolutions and Ordinary Resolutions are governed by Sections 191-198 of the Companies Act 2014. Ordinary Resolution An Ordinary Resolution deals with the standard actions typically associated with running a company and needs a simple majority under the Companies Act 2014, which is not less than 50% […]

Zero Hours Contracts and Banded Hours

The Employment (Miscellaneous Provisions) Act 2018 which was passed into law on March 4, 2019 will bring about real changes for Irish employers and employees. This Act deals with written statements, offences, zero hours and banded hours particularly for industries ( including retail, hospitality and tourism) which relied on flexibility with employees on working hours and seasonal activity. It does not apply to employment of continuous service of less than one month. Written Statement The employer shall give a written statement within 5 days of an employee starting employment of: a) the full name of employer […]

BREXIT: VAT Implications for Irish and UK businesses under a no deal scenario

If the UK does not agree to a formal withdrawal agreement by 29 March 2019 then its status under EU law would change from that of an EU Member State of the European Union to that of a third country. The consequences of this change would result in the UK being outside the Single Market and Customs Union and have no trade or cooperation agreements in place with the EU. There would be no transition period in which businesses can complete the necessary changes to accounting systems, compliance reporting and provide for the associated costs in […]

How to Avoid Disciplinary Disasters and Grievance Catastrophes


The Institute of Chartered Accountants in Ireland recently published advice on employee employment issues. Despite employers often times having sufficient grounds for dismissal, they invariably lose unfair dismissal cases because fair procedures and the rules of natural justice were not adhered to but there are procedures you can follow do to avoid this. It’s unfortunate when an unfair dismissal case is lost because advice from experienced professionals was not obtained before the dismissal procedure was put in place or, in a worst-case scenario, before the dismissal took effect. This is most often the case when it […]


Employers can reward employees under the Small Benefits Exemption Scheme with a non-cash bonus of up to €500 per year completely tax free. If guidelines are followed neither the employer nor the employee will pay PAYE, PRSI or USC with a potential saving of over €650. To qualify for the tax exemption, only one tax-free bonus may be paid to each employee in any one year. If more than one bonus is given in a year, it is only the first one that will qualify for tax-free status, even if this bonus is less than the […]

Entrepreneur Relief

An individual only may claim relief from CGT in respect of a chargeable gain arising on the disposal of qualifying business assets. There is a lifetime limit of €1 million on the gains made on or after 1 January 2016 that you can claim relief on. If you can claim this relief, you will pay CGT at the rate of 10% on gains from the disposal of business assets. This is reduced from the normal rate of 33%. Up to 31 December 2016, gains from such disposals are charged at 20%. The qualifying business assets must have […]

EY Entrepreneurs of the Year 2018 – Teamwork

Congratulations to Peter Coppinger and Dan Mackey who have won this year’s EY Entrepreneur of the Year Award due to the success of their technology company Teamwork. Based in Cork they create SAAS business management applications to make teams more “efficient, organised and happy” and currently employ more than 200 people servicing 22,000 customers in nearly every country in the world. This award is a great boost to not only the team at Teamwork but also to Cork’s technology reputation. They include among their many clients Forbes, PayPal, Netflix, Disney, Forbes and Spotify. A goal is to […]