Insights

Private Matters Newsletter

March 2015

The March edition of Private Matters looks at some important matters for Irish Companies including action required under the new Companies Act that is expected to commence on 1 June and changes required to companies financial reporting regime in relation to the introduction of the new Irish GAAP regime. We also look at the impact for parents on making gits to their children for their support, maintenance and education following changes announced in the recent Finance Act. A number of complex restrictions have been introduced in relation to the availability of capital allowances on certain property related investments. Private Matters provides some insightful commentary on these changes.

At Deloitte Private, we understand that establishing, maintaining and growing a business in today’s challenging environment brings with it a whole range of complex issues. Private Matters will focus on the priorities for private companies, family businesses, individuals and not-for-profit organisations in Ireland.

Our latest issue

Companies Act 2014

The Companies Act is expected to commence this June and it is now time for Irish companies to prepare for the transition. Nessagh Quinn takes you through the key features of the new Companies Act.

Tax tips for SME's

Aoife Lynn looks at some topical tax matters for SME’s.

Capital allowances on certain property based investments

Finance Act 2012 introduced provisions for the curtailment of certain property based capital allowances. Some of these measures are due to take effect from 31 December 2014. James Smyth looks at the changes introduced and how this may impact tax payers.

Ethical Investment and the Charitable Institutions in Ireland

Ethical investment is a key objective for charities and other investors. Lore Bukart looks at the area of ethical investment and Charitable Institutions in Ireland.

Financial reporting regime

A large majority of Irish companies will be required to change their financial reporting regime to the new Irish GAAP regime for accounting periods commencing after 1 January 2015. Companies need to consider the key changes and how this will impact on the reporting of their financial information. Michelle Byrne and Michael Raine take you through the key areas of the financial statements that will be impacted by the change and the tax considerations of this.

Personal Deposits rates comparative schedule

Schedule of monthly deposit rates in Ireland.

Support and maintenance exemption

The recent Finance Act introduced changes to the support, maintenance and education relief in respect of gifts made by parents to their children for their support, maintenance and education.  Marianne Donaghy looks at the changes introduced and how this will impact on future gifts made by parents to their children.

 

 

 

 

 

 

 

March 2015

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