Áine Kiely O'Donnell

/Áine Kiely O'Donnell

About Áine Kiely O'Donnell

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So far has created 47 blog entries.

USC threshold increasing due to rise in minimum wage

The threshold for USC is to be raised to allow for a previously announced increase in the minimum wage.

This will benefit all taxpayers as well as ensuring those on the minimum wage will continue to pay USC at a maximum rate of 2%. 

Last month the government announced it had decided to raise the minimum wage, given […]

By |January 14th, 2020|Industry News|0 Comments

Businesses warned to deal with cashflow implications of Brexit

Businesses are being advised to put a number of preparatory steps in place to deal with the financial and cashflow implications of Brexit.

Britain is scheduled to leave the EU at the end of this month when an eleven month transition period begins.

The Banking and Payments Federation has produced a useful checklist of essential items for […]

By |January 8th, 2020|Brexit, Industry News|0 Comments

Revenue’s PAYE changes will see end of P60

Revenue has today outlined what it has described as the most significant changes to the tax system since 1960 when PAYE was introduced.

The changes are intended to make tax matters easier for the general public by removing much of the paperwork that normally goes in tandem with paying tax.

The new system will result in the […]

By |January 7th, 2020|Industry News, PAYE|0 Comments

Minimum wage set to increase by 30 cent an hour from February

The National Minimum wage will increase to €10.10 in February, the Minister for Employment Affairs and Social Protection has announced.

That represents an increase of 30 cent on the current rate of €9.80 per hour.

It is estimated that over 127,000 workers would benefit from the increase.

Minister Regina Doherty said the Government had decided to increase the […]

By |December 20th, 2019|Industry News, PAYE|0 Comments

Less than half of all employees have a private pension – CSO

Less than half of all employees have a private pension – CSO

Less than half of all employees in Ireland were saving towards a pension last year, according to the Central Statistics Office.

Its survey of pension coverage in the third quarter of 2018 found that 47.1% of all people in employment were contributing towards a private […]

By |April 24th, 2019|Industry News, Pension|0 Comments

New Revenue system to hit SMEs for unpaid tax

New Revenue system to hit SMEs for unpaid tax

The Revenue Commissioners will chase more small companies for unpaid tax following the launch of a new high-tech debt management system.

Revenue’s Debt Management Services (DMS), which was brought in last week, uses technology to deal with a wider range of taxpayers.

This will include those who previously may […]

By |April 2nd, 2019|Industry News, Tax|0 Comments

The big impact of Brexit on Ireland’s small businesses

The big impact of Brexit on Ireland’s small businesses

Opinion: there is no doubt that Brexit will impact small businesses, but the impact is and will be different for different sectors

The economic and political uncertainty surrounding Brexit is a constant in our news cycle since the referendum in the UK in 2016 and there is little […]

By |March 27th, 2019|Brexit, Industry News|0 Comments

Is investing in stocks a better bet than property?

Weekend newspaper supplements often quiz somebody reasonably well known about their finances. The answers are often the same: ‘money is not my main motivation, my priorities are my family, friends and employees’ and other assorted fibs. One question that always receives the same answer is about property versus shares. People always say that they much […]

By |February 18th, 2019|Industry News|0 Comments

More than half of Irish SMEs have yet to plan for Brexit – survey

With just 46 days left until the UK is due to leave the EU, a new survey in Ireland has found that more than half of small and medium-sized enterprises (SMEs) have yet to begin Brexit planning.

The AIB Brexit Sentiment Index also found that the Irish tourism industry is the one already feeling the greatest […]

By |February 12th, 2019|Industry News|0 Comments

One third of Irish who have worked in UK entitled to tax rebate – but may not know it

Large numbers of people who have worked in Britain are entitled to a tax refund, but many are unaware of it.

Tax specialists Taxback.com said the rebates could be worth more than €1,000.

An estimated one in three Irish people who have worked in the UK are entitled to a tax rebate.

But many are not aware of […]

By |February 7th, 2019|Industry News|0 Comments