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A hub of the latest news, trends, tips and advice. Our blog section will help to put you ahead of the rest and keep you on top of your game.

Cover Image for Introducing Per-Minute-CPD™

Introducing Per-Minute-CPD™

Per-Minute-CPD™ is now available on CPDStore.ie, this revolutionary feature allows you to get the CPD you need not only by attending webinars and watching Video on Demand content but by reading blogs too! What is Per-Minute-CPD™?  Per-Minute-CPD ™ allows you to do CPD in smaller chunks, in a way that works for you. How does it work?  Per-Minute-CPD ™ allows you to do CPD on...

Cover Image for VAT Implications of Providing Services to Other Countries

VAT Implications of Providing Services to Other Countries

 

What are the VAT implications of providing a training service to another EU country where ...

Cover Image for New CORE Requirements for June 2023

New CORE Requirements for June 2023

 

On Sunday 11th June, the CORE platform will be introducing the requirement for Personal Pu...

Cover Image for Navigating the Annual Requirements for ISQM1

Navigating the Annual Requirements for ISQM1

 

The International Standard on Quality Management (ISQM) 1 is a crucial tool for accounting...

Cover Image for Understanding the Criteria for Audit Exemption for Small Companies

Understanding the Criteria for Audit Exemption for Small Companies

 

The audit exemption for small companies is a provision in the Company's Act that allows ce...

Cover Image for A Synopsis of an Allotment of Shares

A Synopsis of an Allotment of Shares

 

The allotment of shares plays a crucial role in the growth and development of companies. U...

Cover Image for Public Audit Register – Your Obligations

Public Audit Register – Your Obligations

 

As required by company law and the Institute’s Audit Regulations (ICAI), audit firms must ...

Cover Image for How is Income in the Hands of a Beneficiary of a Discretionary Trust Taxed?

How is Income in the Hands of a Beneficiary of a Discretionary Trust Taxed?

 

Where the trustees have the power to accumulate income, they are subject to income tax whi...

Cover Image for Help! What to Do When You Suspect Fraud

Help! What to Do When You Suspect Fraud

 

As an accountant, encountering suspected fraud during an audit can be a challenging and de...

Cover Image for Anti-Money Laundering Tools, Tips and Tricks

Anti-Money Laundering Tools, Tips and Tricks

 

In today's global economy, financial institutions, firm and business owners cannot ignore ...

Cover Image for A Review of the Voluntary Strike Off Process

A Review of the Voluntary Strike Off Process

 

Under the Companies Act 2014 all companies registered in Ireland have statutory duties and...

Cover Image for Latest Updates for PPSN for Directors – New Deadline Announced 

Latest Updates for PPSN for Directors – New Deadline Announced 

 

The Companies Registration Office paused the requirement for PPSN’s disclosure was due to ...

Cover Image for Financial Statement Presentation: The Importance of Going Concern

Financial Statement Presentation: The Importance of Going Concern

 

In the world of financial reporting, the concept of going concern plays a crucial role in ...

Cover Image for Case Study – Re-Organisation Prior to a Sale of a Business

Case Study – Re-Organisation Prior to a Sale of a Business

 

In this blog post, John Murphy, Director/Partner of OmniPro Tax and Legal Limited, Charter...

Cover Image for Consolidation of Group Companies

Consolidation of Group Companies

 

Consolidation of group companies is a process that involves combining the financial statem...

Cover Image for What is Required to be Filed to Incorporate a Company?

What is Required to be Filed to Incorporate a Company?

 

To incorporate a company in Ireland, a Form A1 (online only) must be completed with the CR...

Cover Image for The Criteria You Should Know for Audit Approval

The Criteria You Should Know for Audit Approval

 

In order for Recognised Accountancy Bodies (RABs) to approve firms and individuals to carr...

Cover Image for RBO Update – BEN2 Forms to cease

RBO Update – BEN2 Forms to cease

 

To coincide with the introduction of Verified Identification Numbers (VIN) for Company Dir...

Cover Image for Living Outside of the Gap

Living Outside of the Gap

 

How do you feel when you have made clear, visible and measurable progress on something? ...

Cover Image for Do I need a Company Register?

Do I need a Company Register?

 

What is a Statutory Company Register? Irish Law requires all companies to maintain certai...

Cover Image for Financial Reporting and Government Grants: A Focus on Property

Financial Reporting and Government Grants: A Focus on Property

 

In this article, we will take a look at government grants and how they are a critical aspe...

Cover Image for Focus On Pension Schemes: Defined Contribution and Defined Benefit

Focus On Pension Schemes: Defined Contribution and Defined Benefit

 

Pension schemes are an essential part of retirement planning, providing financial security...

Cover Image for PPSN for Directors - What if I do not have PPSN?

PPSN for Directors - What if I do not have PPSN?

 

The CRO has announced that the requirement for PPSN’s disclosure will come into force from...

Cover Image for Confessions of a Serial Acquirer

Confessions of a Serial Acquirer

 

Back in 2021, an accounting firm owner decided to go down the route of acquisition as a st...

Cover Image for Understanding the Most Common Exemptions of Capital Acquisition Tax (CAT)

Understanding the Most Common Exemptions of Capital Acquisition Tax (CAT)

 

Capital Acquisition Tax (CAT) is a tax levied on the monetary value of gifts and inheritan...

Cover Image for New CRO Requirements for Personal Public Service Numbers (PPSNs)

New CRO Requirements for Personal Public Service Numbers (PPSNs)

 

What is changing? The CRO has announced that the requirement for PPSN’s disclosure will c...

Cover Image for Seven Steps to Creating a Built to Sell Accounting Firm

Seven Steps to Creating a Built to Sell Accounting Firm

 

The Built-to-Sell strategy is universal because whether you intend to sell in the short te...

Cover Image for The Disclosure Dilemma: Are Clients Required to Reveal Non-Financial Convictions to Their Accountants?

The Disclosure Dilemma: Are Clients Required to Reveal Non-Financial Convictions to Their Accountants?

 

As the world of accounting continues to evolve, accounting professionals and other designa...

Cover Image for Fraudulent Financial Reporting and Misappropriation of Assets

Fraudulent Financial Reporting and Misappropriation of Assets

 

Detecting and preventing fraud is a crucial aspect of ensuring the financial health of an ...

Cover Image for Filing Your Annual Return Form B1 and What to Look Out For

Filing Your Annual Return Form B1 and What to Look Out For

 

Chapter 13 of the Companies Act 2014 sets out the obligations in relation to filing a Comp...

Cover Image for New CRO Requirements for PPSNs – How to Prepare

New CRO Requirements for PPSNs – How to Prepare

 

What is changing? Section 35 of The Companies Corporate Enforcement Act (2021) which ha...

Cover Image for Dwelling House Exemption

Dwelling House Exemption

 

The below article is a follow-up from Inheritance and Tax - A Recent Query. Can the dwe...

Cover Image for Lessons to Learn from a Recent Tax Appeal Determination

Lessons to Learn from a Recent Tax Appeal Determination

 

This Case resolved around the incorporation of a farm business to a company. It is case nu...

Cover Image for The Real Blocker to Progress in Your Business

The Real Blocker to Progress in Your Business

 

As firm owners, we know what we should do to make our businesses more profitable and less ...

Cover Image for Section 343(5) Application to the District Court to Extend Your Annual Return

Section 343(5) Application to the District Court to Extend Your Annual Return

 

A company may seek to apply for an extension on its Annual Return if they have a reasonabl...

Cover Image for Tackling the Clients That Are No Longer Right for your Business

Tackling the Clients That Are No Longer Right for your Business

 

As an accounting business owner, it is important to understand that the clients you attrac...

Cover Image for Inheritance and Tax - A Recent Query

Inheritance and Tax - A Recent Query

 

A client died intestate and the child is now entitled to 1/3 of the dwelling house, how ca...

Cover Image for Section 27 FRS 102

Section 27 FRS 102

 

Are you an auditor or accountant looking to stay up-to-date on the latest financial report...

Cover Image for What You Need to Know About Enhanced Customer Due Diligence and AML

What You Need to Know About Enhanced Customer Due Diligence and AML

 

Enhanced Customer Due Diligence is a process of verifying the identity of customers and as...

Cover Image for How to Identify a Beneficial Owner – RBO

How to Identify a Beneficial Owner – RBO

 

The European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Reg...

Cover Image for Updates from the Corporate Enforcement Authority Act 2021 that will affect your 2023 AGM

Updates from the Corporate Enforcement Authority Act 2021 that will affect your 2023 AGM

 

The Corporate Enforcement Authority Act 2021 was signed into law on 22 December 2021 with ...

Cover Image for OmniPro Connext

OmniPro Connext

 

OmniPro has been helping accountants buy, sell and merge firms for almost 20 years. During...

Cover Image for RBO Updates for 2023 & Changes to how Designated Persons access the platform

RBO Updates for 2023 & Changes to how Designated Persons access the platform

 

There were significant changes in 2022 to the RBO, we’re going to take a look at these cha...

Cover Image for Artist Exemption – A Review of a Tax Appeal Case

Artist Exemption – A Review of a Tax Appeal Case

 

‘What is the attraction of tax appeal cases?’ You may find yourself asking as you see yet ...

Cover Image for ISQM2, ISA 220 and ISA 600

ISQM2, ISA 220 and ISA 600

 

ISQM2, or International Standard on Quality Management 2, deals with the engagement qualit...

Cover Image for ISQM1

ISQM1

 

ISQM1, or International Standard on Quality Management 1 comprises of quality management f...

Cover Image for Component Accounting

Component Accounting

 

FRS 102 section 17 requires that all fixed assets are depreciated using a method that “ref...

Cover Image for Register of Overseas Entities – The New Companies House Requirement

Register of Overseas Entities – The New Companies House Requirement

 

Following the publication of the Economic Crime (Transparency and Enforcement) Act 2022 in...

Cover Image for Updates from the Corporate Enforcement Authority Act 2021 that will affect your AGM

Updates from the Corporate Enforcement Authority Act 2021 that will affect your AGM

 

The Corporate Enforcement Authority Act 2021 was signed into law on 22 December 2021 with ...

Cover Image for Posting Impairment Charges

Posting Impairment Charges

 

Posting impairment charges When management has established the recoverable value of an as...

Cover Image for Impact Reporting - Telling a Charity's Story

Impact Reporting - Telling a Charity's Story

 

Ireland’s charity sector comprises over 11,000[1] organisations working in many areas and ...

Cover Image for Calculating Recoverable Values

Calculating Recoverable Values

 

As detailed in sections 27.11 to 27.13 of FRS 102, where one method shows the recoverable ...

Cover Image for Assessing Whether an Impairment is Required

Assessing Whether an Impairment is Required

 

The directors of a company are required to assess, at each balance sheet date, whether the...

Cover Image for Valuable Tax Efficient Employee Benefits

Valuable Tax Efficient Employee Benefits

 

With cost-of-living increases, employees are looking for pay increases which employers may...

Cover Image for Tax Relief on Medical Expenses

Tax Relief on Medical Expenses

 

A very common conversation that we have with clients is that they have to spend a huge amo...

Cover Image for The Value of Psychological Safety for Businesses

The Value of Psychological Safety for Businesses

 

Handling remote teams, new working practices, employee anxiety and ever-evolving regulatio...

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