Funding for Start ups

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Finding investors for your startup can be tough. Luckily, there are well-established routes for Irish startup firms to apply to organisations such as Enterprise Ireland or local Enterprise Boards.

Here’s a brief overview of nine popular avenues for state-supported startup funding in Ireland.

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1. Enterprise Ireland: High Potential Startup (HPSU) fund

Every year, Enterprise Ireland picks out companies that it thinks could be ‘the next big thing’ to come out of the country. The agency puts its money where its mouth is by ...

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27
AUG
0

Blog

Revenue Comissioners Annual Report 2011

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Josephine Feehily, Chairman of the Revenue Commissioners, today (26/04/12) announced the publication of Revenue’s annual report for 2011.

Speaking at the launch, Ms Feehily said:

“Overall I would say last year was a year of really solid performance in challenging circumstances. We can report positive results in virtually all our business areas, good productivity, and some very interesting and innovative projects as well.
While overall tax and duty receipts were €831 million below the Budget target, net tax and duty receipts in ...

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27
AUG
0

Blog

The CRO and missing their deadlines

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Missed Deadline

Failure to file an annual return on time can have several consequences including the imposition of the late filing penalty, prosecution of the company and/or its directors, the loss of the audit exemption or the possible involuntary strike-off and dissolution of the company.
Late Filing Penalty

A late filing penalty of €100 becomes due in respect of an annual return on the day after the expiry of the filing deadline, which deadline is 28 days after the effective date of ...

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27
AUG
0

Blog

EUROPEAN STABILITY MECHANISM BILL 2012

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Big cup of coffee needed to read this one…………

————————
AN BILLE UM AN SÁSRA COBHSAÍOCHTA EORPACH,
2012
EUROPEAN STABILITY MECHANISM BILL 2012
————————
Mar a tionscnaíodh
As initiated
————————
ARRANGEMENT OF SECTIONS
Section
1. Definitions.
2. Payments by Minister in respect of authorised capital stock
of ESM.
3. Payments out of Central Fund.
4. Payments into Exchequer.
5. Privileges and immunities.
6. ESM exempt from requirement to be authorised or regulated.
7. ESM exempt from taxation.
8. Reports by Minister ...

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27
AUG
0

Blog, Uncategorized

3 year loss rule.

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The 3 year loss rule for the self-employed who are farmers.

If you are registered for self-assessment, have made a loss on your business for the last 3 years, but chose to offset this loss against PAYE tax paid, this article will be of interest.
If you file your own returns or the person filing the return for you does not fully understand ROS you could have an issue. The issue, I feel, is due to a flaw with the ROS ...

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27
AUG
0

Uncategorized

Self Employed and the State Pension.

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Many of my clients are delighted to see zero as their tax liability at the end of the year. The last thing most people want these days is another bill..

But its all very well having no tax to pay, but if you have no PRSI to pay, and you dont make a voluntary contribution, you are losing out on your opportunity to pay into the state pension.

For as little as €253 ...

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27
AUG
0

Uncategorized

Enhancement to Pre-population of ROS Form 11

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Revenue eBrief 20/11 announced the availability of a facility to obtain a pre-populated ROS Form 11. A ROS release over the weekend of the 12/13 May has made a couple of enhancements to this facility.

Payments received from the Department of Social Protection.

Information on payments received from the Department of Social Protection (DSP) in the year 2011 will be made available where this information has been received from the Department. The nature of the payment and the amount received (either ...

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27
AUG
0

Blog

Terms to know if you fall into debt

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Brief explanation of some terms you would prefer not know !

 

Seizure of Assets by Sheriff  (IE County Registrar).

Execution Order is served on the Sheriff directing him to seize goods to the value of the debt.

Rarely successful – thorny question of who actually owns the goods ie wife, parents etc.

Also the goods might be borrowed.

 

Attachment Order

Debtor obtains an attachment order of Garnishee Order directing that money (ie rent, salary. Pension etc.) to which the debtor is entitled be redirected to the ...

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27
AUG
0

Blog

Tax tips for Farmers

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Farming has been one of the oldest trades to survive in Ireland, and with minimal profits to be made from this industry today; most farmers are in it for pleasure more than gain. However, there is potential to reduce gains made on your farm income by following these steps.

 

1. Employing family members.

 

You can employ a son or daughter to work part time on your farm. They can earn €9,150 in 2008 without paying tax. This saves you, the farmer €3,751 ...

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27
AUG
0

Blog

E Working Tip for the Self Employed

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Make the most of all tax breaks out there especially ones which are easy to apply!

E working is where the Revenue Commissioners allow you to pay someone €3.20 a day for working at home for your business.

This could be your son or daughter doing valuable research for your business on the net in the comfort of their own room!

That adds up to €1,168 per annum and that €478 of a tax saving if you are in the higher bracket.

Make sure ...

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27
AUG
0

Blog

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