Farm Succession Tax Planning

DVM & Co presented two tax planning clinic sessions at the Teasgasc Transferring the Farm Clinic at Athenry Raheen Woods Hotel on 14 Oct 2015. The Teagasc programme was attended by 350 people who received a programme of Seminars and Clinics on land transfer, taxes, legal issues and collaborative farming. As part of the clinic […]

Revenue Update

• Revenue has recently introduced a centralised LoCall Number (1890 216 216) for self-employed taxpayers and SME’s. • From 3 May 2016, refunds or repayments that are due to tax payers who are mandatory eFilers will be paid by Revenue electronically to their bank accounts. Revenue recommends that taxpayers access Revenue Online Service (ROS) and ensure that […]

PI Act Changes

Borrowers will now be able to apply for a court review when a creditor rejects a personal insolvency proposal. Minister for Justice Frances Fitzgerald signed an order on Thursday allowing a borrower to apply to the courts if a mortgage lender declines a personal insolvency arrangement (PIA). If a court finds in favour of a […]

Revenue Update

The Revenue Commissioners introduced the Jobs and Pension Service with effect from 12 September, 2016.  This system replaces Form 12As which were completed by the employee and submitted to the Revenue Commissioners by the employer to manually apply for tax credits and Form P46s which were completed by the employer through ROS, Revenue’s online system.  […]

Farm Succession Tax Planning

DVM & Co presented two tax planning clinic sessions at the Teasgasc Transferring the Farm Clinic at Athenry Raheen Woods Hotel on 14 Oct 2015. The Teagasc programme was attended by 350 people who received a programme of Seminars and Clinics on land transfer, taxes, legal issues and collaborative farming. As part of the clinic […]

Bankruptcy

The Oireachtas Joint Committee on Justice, Defence and Equality has recently recommended to the Minister for Justice and Equality that the bankruptcy term (already reduced under the 2012 Act from 12 years to 3 years) be further reduced to 1 year. That Committee also recommended that, if the term is reduced to 1 year, the […]

Budget 2016 Overview

On 13 October 2015, Minister for Finance Michael Noonan introduced Budget 2016. Our analysis is available on the link below. Please contact us for more information on how we can help you. Income Tax PRSI Employees– the introduction of a tapered PRSI tax credit for earnings between €352.01 and €424 per week. PRSI Employers – […]

Bankruptcy 1 year

Legislation to reduce the bankruptcy term from three years to one year will be in place by the end of the Dáil term, Taoiseach Enda … Legislation to reduce the bankruptcy term from three years to one year will be in place by the end of the year, Taoiseach Enda Kenny has said. Mr Kenny […]

New Bankruptcy Rules

New Bankruptcy rules come into effect from 29 January 2016 These changes come into effect on 29 January 2016 The new provisions: Reduce the bankruptcy term from 3 years to 1 year. Reduce the income payment period from 5 years to 3 years. Provide for the re-vesting of family homes in debtors, where the Official […]

Personal Insolvency Success 3

Mortgage written off €61,950 in a PIA Our client was a widower with children and prior to his wife’s death the couple were separated. After the couple’s separation, he purchased a new home for himself and a buy to let property. He then took out a third mortgage to purchase his original principle private residence. […]