Managing the cash cost of VAT

Thu, Aug 13, 2009

While most businesses in the west of Ireland have full VAT recovery and therefore often say that VAT is not a “real” cost to them, many traders have VAT tied up in stock, debtors, and costs within their company. These areas could be better managed in order to keep the cash flow cost of VAT to a minimum.

Understanding the implications of property tax

Thu, Aug 13, 2009

Q: I own my own home and my elderly mother lives in a purpose built annexe on the grounds of my property. During the property boom I purchased a city centre apartment, which I rent out to students. I also have a mobile home by the sea, which we use for family holidays. How will the new property tax affect me?

Deadline looms for voluntary disclosures to Revenue

Thu, Aug 13, 2009

As you may be aware, the deadline to give notice to Revenue of your intention to make a voluntary disclosure in respect of undisclosed income and undeclared liabilities relating to both Irish and offshore settlements is 1 September 2009.

Understanding NAMA

Thu, Aug 06, 2009

In an unusual move, the Department of Finance published a draft of the proposed NAMA legislation for public debate and discussion throughout the summer, in advance of it being formally debated in the Dáil in September after the summer break.

Bullet Design launches new service - creating digital publications for your company

Thu, Jul 23, 2009

College Road-based Bullet Design has just launched its new website — www.digiflip.ie — a site designed to show businesses digital versions of printed brochures, magazines in a digital flip page format which can now be created for them by Bullet Design.

Do you know how the VAT Package will affect you?

Thu, Jul 23, 2009

The EU member states have agreed a range of changes to the current VAT rules, known as the VAT Package. This VAT Package will come into effect across the EU on 1 January 2010 and is summarised below. You will need to consider the impact of the new measures for your business.

How long have I to avail of tax benefits of my sites?

Thu, Jul 23, 2009

Q. I have two sites one in the mid Shannon Tourism Scheme, the other a nursing home. How long do I have to develop these sites and obtain the related tax benefits?

RTÉ Nuacht relocates to Connemara

Thu, Jul 23, 2009

The entire team of RTÉ Nuacht celebrated its relocation from Donnybrook to the TG4 studios in Baile na hAbhann, following a significant investment into revamping the TG4 headquarters. A total of 42 staff are involved in the relocation with three new positions created. The Irish language news programme will now benefit from a more extensive schedule and an increased amount of air-time.

New signage company bucks the signs of the times

Thu, Jul 16, 2009

In recent times, business success stories have been few and far between. However, a new Mayo-based signage company, Signwest, is bucking the trend. The creative signage company has already attracted a wide range of clients from all over the West. Even at this early stage Signwest’s management team is already considering expansion as a result of the positive response they have had so far.

New management degree from GMIT’s hotel school

Thu, Jul 16, 2009

The Hotel School at Galway-Mayo Institute of Technology (GMIT) is offering a new three-year degree in Hotel and Catering Management aimed at people working in the hospitality, catering and tourism industry who wish to upskill and earn a management degree while working.

Revenue visits focus on various business sectors

Thu, Jul 09, 2009

Even in the current market climate Revenue officials are continuing to focus on certain business sectors for potential tax issues. At present, we understand that a number of cash businesses in the County Galway area have been visited by Revenue officials and these visits are expected to continue.

Do you want to work in a different European country?

Thu, Jul 09, 2009

Are you interested in exploring job opportunities and working conditions in 10 other European countries. If so, you must get along to an event being held in Galway tomorrow Friday and Saturday when EURES advisers representing employers from Austria, Belgium, Czech Republic, Finland, Hungary, Lithuania, Norway, Poland, Sweden, and United Kingdom will be available to advise those interested in employment and career development options in their countries.

In addition, the event at the Eyre Square Centre will see speakers providing general information on living and working conditions in their countries, including information on taxation, social security and business start up supports.

Galway Races ready for the punters

Thu, Jul 02, 2009

The recession has hit hard, wallets are lighter, and the marquee is gone, yet this summer’s race meeting is set to battle against the odds, and provide as good a race festival as ever before.

New business concept to turn unwanted gold into cash

Thu, Jul 02, 2009

Goldparty.ie, an exciting and clever new concept which helps you turn your unwanted gold jewellery into hard cash, was officially launched last Tuesday by TV3’s Sybil Mulcahy at Dublin’s St Stephen’s Green.

Is your confidential company data accessible to thieves?

Fri, Jun 26, 2009

Recent high profile events have highlighted the dangers of having unsecured confidential data on your laptop or PC. The loss or theft of a PC/laptop is distressing but this can be compounded further if the laptop / PC contains private and confidential data.

Can I use property losses against future income, says developer?

Fri, Jun 26, 2009

Q. I am a property developer with significant unrealized losses on my residential property land bank. I understand that the use of these losses has been severely restricted and I cannot use them against future income. Is that correct?

Is your confidential company data accessible to thieves?

Thu, Jun 25, 2009

Recent high profile events have highlighted the dangers of having unsecured confidential data on your laptop or PC. The loss or theft of a PC/laptop is distressing but this can be compounded further if the laptop / PC contains private and confidential data.

Can I use property losses against future income, says developer?

Thu, Jun 25, 2009

Q. I am a property developer with significant unrealized losses on my residential property land bank. I understand that the use of these losses has been severely restricted and I cannot use them against future income. Is that correct?

Galway med firm raises €12 million to fund first product

Thu, Jun 18, 2009

A MEDICAL devices group based in Ballybrit has raised $17.3 million (€12.4 million) in funding to launch the company’s first product — a coronary stent designed to prevent blockages of smaller arteries feeding the heart.

Free stock market seminar with ILTB and ODL Securities

Thu, Jun 18, 2009

With the current fluctuations in the stock markets playing havoc with shareholders and investors, more and more people are looking for ways to spread their risks. In recent months investors have realised that information and knowledge are key to minimising risk. Investors need to know what products are available and where they can trade to take advantage of those opportunities.

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