http://www.annebrady.ie/index.htmlLatest News!enAnne Brady McQuillans DFK2012-12-04T21:35:34+00:00 hourly 1 2000-01-01T12:00+00:00 Thu, 6 Dec 2012 13:29:29 +0000Anne Brady McQuillans DFKNewsdesk2012-12-04T21:35:34+00:00http://www.annebrady.ie/blog/files/4f6f80abcf112ccc545a5aa850f2d361-23.html#unique-entry-id-23http://www.annebrady.ie/blog/files/4f6f80abcf112ccc545a5aa850f2d361-23.html#unique-entry-id-23
INCOME TAX

There will be no change to Income Tax rates, bands or credits arising from Budget 2013.

Maternity Benefit – will be taxable for all claimants with effect from 1st July 2013, but will remain exempt from USC.

Top Slicing Relief – will no longer be available from 1st January 2013 on ex-gratia lump sums in respect of termination and severance payments where the non statutory payment is €200,000 or more.

DIRT – From 1st January 2013 the rate of retention tax applied to deposit interest/life insurance policies will be increased to 33% for interest payments made frequently/annually and 36% for interest payments made less frequently.

Charitable Donations – simplification of the scheme of tax relief available for donations to charitable and other approved bodies including the introduction of a blended rate of relief at 31%.

BIK on Preferential Loans – increase from 12.5% to 13.5% in the specified interest rate from preferential loans, other than home loans and a decrease in the specified rate used to calculate the taxable benefit from home loans from 5% to 4%.

Film Relief – Relief has been extended to 2020, however the scheme will be reformed to a tax credit model in 2016, so as to ensure better value for tax payers money and to make Ireland even more attractive for foreign film and TV productions.

Pension – The rate of tax relief on pension contributions remains unchanged. However Tax relief will only be permitted for pension contributions up to a level that provides pension income of up to €60,000 per annum. The Pension Levy is to cease after 2014, as per original legislation.

Universal Social Charge – Standard rate of USC will apply to those aged 70 years of age and over and medical card holders earning €60,000 and above with effect from 1st January 2013.

PRSI – There are a number of changes to PRSI as detailed below:

• Removal of weekly PRSI allowance from full rate and modified rate PRSI contributors.
  • Increase in the minimum annual PRSI contribution for self employed earners from €253 to €500.
  • Unearned income including rental, investment, dividends and deposit income will be subject to PRSI for PAYE employees from 2014.
  

Local Property Tax (LPT)

Collection of the Local Property Tax (LPT) will commence on the 1st July 2013. The LPT will operate through a system of self assessment and will be administered by the Revenue Commissioners. A half year will be payable in 2013 with a full year payable in subsequent years.

Rates will be as follows:

• For 1st 18 months the national central tax rate will be 0.18% of market value up to €1 million and 0.25% on excess value over €1 million.
  • From 1st January 2015 local authorities will have discretion to vary the rate by +/- 15% of the national central rate.
  

Certain properties will be exempt from assessment, largely corresponding to exemptions from the Household Charge. New exemptions also apply in the case of:

• New and previously unused properties that are purchased between 1st January 2013 and the end of 2016 will be exempt until the end of 2016
  • Second hand property purchased by a first time buyer between 1st January 2013 and 31st December 2013 will be exempt until the end of 2016.
  

A system of voluntary deferral arrangements for owner occupiers will be implemented to address cases where there is an inability to pay the LPT.

The LPT replaces the household charge from 1st January 2013. The annual NPPR charge will apply for 2013 and be abolished thereafter.

BUSINESS TAXES

While reaffirming the Government’s commitment to Ireland’s 12.5% Corporation Tax trading rate, the Minister also announced a number of measures to assist small business as summarised below.

3 Year Relief for Start-up Companies – To improve job creation and cash-flow, the existing scheme for the relief from Corporation Tax is being reformed to allow unused relief arising in the first 3 years of trading, due to insufficient profits, to be carried forward for use in subsequent years. The maximum amount of relief allowed in any one year is to be restricted to the amount of Employers’ PRSI in that year.

R&D Tax Credit – The amount of expenditure eligible for the R&D Tax Credit on a full volume basis is to be increased to €200,000. The regime is to be reviewed in 2013.

Close Company Surcharge – The de minimus level of distributable income liable to the surcharge which is currently €635 is to be increased to €2,000. The increase will also apply to the surcharge on undistributed trading or professional income of certain service companies.

VAT – The ceiling threshold for accounting for VAT on the cash receipts basis is to be increased from €1 to €1.25m from 1st May 2013.

Excise Duty Relief – A relief from excise duty on auto-diesel for licensed road hauliers is to be introduced from 1st July 2013.

The Foreign Earnings Deduction relief for work related travel is to be extended to an additional eight African countries to help boost trade of Irish goods and services abroad. However, the earnings cap remains in place.

The Employment and Investment Incentive (EII) scheme is to be extended to 2020.

Stock relief – general stock relief, including young trained farmers relief, is to be extended to 2015, and the definition of registered partnerships for the 50% stock relief is to be amended, e.g. beef production partnerships, to give a targeted assistance to the farming sector.

Capital Gains Tax relief for Farmers for land restructuring - where the proceeds of a sale of farm land are reinvested for the same purpose the sale will be exempt from tax. The sale and purchase of land must occur within 24 months of each other commencing 1st January 2013 and ending 31st December 2015. The relief will also apply to farm land swaps subject to certification by Teagasc.

A joint Revenue and Department of Finance public consultation is to be undertaken with a view to identifying ways to ease the compliance cost and administrative burden on micro enterprises.

Aviation Sector
To encourage investment in this area an accelerated capital allowance scheme, over seven years, is to be introduced in relation to construction of certain aviation-specific facilities. The relief will operate for a five year period. Restriction will apply for the use of unused allowances against other income. There will be no exemption from the current treatment of the termination of carry forward of certain losses, which apply to capital allowances remaining unused after the end of the tax life of the building, where the investor is in receipt of rental income from the facilities or is not an active partner or active trader.

Real Estate Investment Trusts (REITs)
REITs are internationally established vehicles for property investment. They are listed companies which provide a return for investors similar to that of direct investment in property. Qualifying income and gains of a REIT will be exempt from corporation tax in the REIT. Instead, the REIT is required to distribute profits annually, for taxation at investor level.

The aim of a REIT is to provide an after-tax return for investors similar to that of direct investment in property, while also giving the benefits of risk diversification. It is hoped that REITs will encourage foreign capital to be invested in the Irish property market.
Full details of their introduction in Ireland will be contained in the Finance Bill.

Statutory Redundancy Employers Rebate – with effect from 1st January 2013 the scheme, which entitled the employer to a rebate of 15% of statutory redundancy payments, is to be discontinued.

CAPITAL TAXES

Capital Gains Tax – the rate of tax is increased by 3% to 33% with effect from 6th December 2012.

Capital Acquisitions Tax – The tax free group thresholds are to be reduced by 10%, while the rate of tax will increase to 33%. Both changes take effect from 6th December 2012.

INDIRECT TAXES

VAT

The annual cash receipts basis threshold is to be increased from €1m to €1.25m from 1st May 2013.

The reduced rate of VAT of 9% for the tourism industry remains in place.

The farmer’s flat-rate addition will be reduced from 5.2% to 4.8% with effect from 1st January 2013.

VRT & Motor Tax

The rates of both VRT and Motor Tax are being increased with effect from 1st January 2013 and will be based on revised structures on the basis of the carbon emissions of the vehicle. The restructuring of the emission and VRT Bands A and B, and the differential increases applied, maintain a positive environmental incentive towards lower emission vehicles and reflect the shift towards lower emission vehicles.

The VRT reliefs for electric, plug-in hybrid electric vehicles and hybrid and flexible fuel vehicles are to remain in place until the end of 2013. Motor Tax on such vehicles is to be reduced to €120.


Social Welfare Changes

The rate of Child Benefit will be reduced to €130 per month for each of the first, second and third child with effect from January 2013. The rate for the fourth and each subsequent child will be €140 per month from January 2013 as announced in Budget 2012. From January 2014, the rate for the fourth and each subsequent child will be further reduced to €130 per month.

The Back to School Clothing and Footwear Allowance will be reduced by €50 for children in full-time education.

There are no changes to the State Pension, Fuel Allowance, Free travel, Free Television License, Over 80 Allowance, Islander Allowance and the Living Alone Allowance.

The value of the Telephone Allowance will be reduced to €9.50. The Electricity/Gas Allowance will be set at a single rate of €35. These allowances will be shown as a cash credit for those who receive a bill or be paid as a cash allowance.

Prescription charge for medical card holders will be increased to €1.50 per item.

People over 70 years of age with a medical card will have it replaced with a GP only card, if their weekly income is between €600 to €700 for a single person or €1,200 to €1,400 for a couple.

The amount private patients will have to pay for medicines each month, before the State covers the cost, rises from €132 to €144.
For further information on any of the above please contact Susan Lennon slennon@annebrady.ie or Niall Grant ngrant@annebrady.ie



Download a PDF of the 2013 Budget Summary


]]>Anne Brady McQuillans DFKNewsdesk2012-08-19T11:17:56+01:00http://www.annebrady.ie/blog/files/bbaf0103ac65c773c5b8212542f5d728-22.html#unique-entry-id-22http://www.annebrady.ie/blog/files/bbaf0103ac65c773c5b8212542f5d728-22.html#unique-entry-id-22
Many of the firms from around the world met in Paris for what by all accounts was a truely amazing celebration of DFK. A record 340 participants and 184 delegates, from Argentina to Vanuatu, were in attendance. The conference ran for a week and was attended by Anne, Natalie and William from our office.

Ken McQuillan

The late Ken McQuillan who founded McQuillan & Co back in 1955 was the first Irish firm to join DFK, which was then called The Hallett Douglass International Group in 1969.

Ken did so much for DFK International that an award was created in his honour. The Kenneth McQuillan Award was established to "recognise outstanding service to DFK" defined in his spirit "as a cheerful willingness to be involved in work and social activities" of DFK.

Ken is fondly remembered by many of the friends and colleagues he made through DFK over the years and his memory and contribution to DFK was recorded in a special DFK International 50th Anniversary Book where he was hailed a "Hero of DFK".
"He served twice as chairman of the DFK International Tax Committee, as DFK budget officer, on the DFK board of directors and executive committee, and as chairman of the DFK Legal Entity Study Group which led to the incorporation of DFK. He is also credited as an architect of the DFK Members' Agreement.

We are assured that when we said that Ken would never be forgotten, it was true. For 35 years, he immersed himself in all things DFK."

What is DFK?

DFK International is one of the world's leading associations of independent accounting firms and business advisers. Its member firms have been providing high quality services to clients for 50 years, combining their local knowledge and global connectivity to provide seamless service delivery on time and at the right price.

The vision of DFK International is to be recognised as the world's leading association of independent accounting and business advisory firms for the quality of service provided to client cross-border interests.

The mission of DFK International is to enable member firms to provide to their clients accounting and business services to the highest professional standards throughout the world in order to meet their clients' international business needs.]]>Anne Brady McQuillans DFKNewsdesk2012-05-20T15:48:02+01:00http://www.annebrady.ie/blog/files/a3f9e5adbbec7026ca662bdde23a9b93-21.html#unique-entry-id-21http://www.annebrady.ie/blog/files/a3f9e5adbbec7026ca662bdde23a9b93-21.html#unique-entry-id-21


Over the past 18 months, Rosemont have been busy raising funds for the construction of this new campus and continue to do so.

All are welcome to attend the Open weekend on Saturday 26th May and Sunday 27th May, when Rosemont parents, teachers and students will be on hand to show you around their excellent facilities. The campus is open between 11am and 5pm on both days.


Rosemont Conference and Sports facilities will also be available for rental to local community groups and local businesses.
To learn more about this project visit www.rosemontppu.ie]]>Anne Brady McQuillans DFKNewsdesk2012-05-16T21:18:53+01:00http://www.annebrady.ie/blog/files/c6cae27bbe7bd207602768034ffb9384-20.html#unique-entry-id-20http://www.annebrady.ie/blog/files/c6cae27bbe7bd207602768034ffb9384-20.html#unique-entry-id-20Bekind Ireland has been in existence since late 2007.

Following several visits to India from 2005, Brian Flanagan (Founding Director) decided to set up the charity. Since then the charity has gone from strength to strength.

Brian's inspiration came from his son Shane's experiences in Calcutta in 2004, when Shane went as a volunteer with his school. He was one of 15 students, who went on a student exchange programme. Shane's experiences were to leave a marked impression on him and his fellow students. It was only by going as a volunteer himself with his lifelong friend and now fellow director, Niall Dalton, in 2005, did Brian realise the huge need of the street children of Calcutta.

On January 16th 2012 Bekind Boys' Home (BBH) opened its doors for the first time to 20 vulnerable, underprivileged boys, who are orphaned, abandoned, destitute or living at risk on the streets or in the slums of Calcutta.

The trustees of Bekind Ireland do not recieve any renumeration or expenses for their services. Overheads are minimal, therefore all funds are used for its projects in India.

Below is an inspirational story about a young boy called Manu. Manu is just one of the children who have benefitted from Bekind (IRL) Limited.

Manu Singh

Manu Singh is a 5 year old boy who lived with his parents at the pavements of Rambagan area (one of Kolkata’s red lighted localities). His mother used to work on the street and his father Ramu Singh is a daily labourer, his income was about 1euro per day.

Manu's parents did not take care of him. There is nobody else in the family to take care of the child either. He was neglected throughout. Manu roamed about aimlessly here and there in the streets and he did not go to school. He was suffering from the crisis of food and shelter.

Both the parents did not bother about Manu.

Manu was taken in the BeKind Boys home in January 2012. This home is a protection home for boys like Manu.

Manu is now physically and psychologically keeping well at present. He is very active and also very jolly. He is making new friends and trying to adjust in the new environment.


Manu doing his part on Inauguration Day

Manu's story is just one of many of the children which benefit from the love and care from Bekind (IRL).

Since its foundation Bekind has raised more than €300,000 to help the poor in India.

For more information on Bekind (IRL) Limited, or for details on how you can help, please visit www.bekind.ie

Article in local Telegraph Kolkata
http://www.telegraphindia.com/1120404/jsp/calcutta/story_15330607.jsp

Click the above link to an article about Brian and his work which was featured in the Telegraph Kolkata.


Any donation to help us help the little ones without a voice would be most welcome. If you wish to contact Brian directly please phone 0872572907 or email brian@bekind.ie.　


Our service to you

If you would like us to highlight your business or a special event, please contact Caroline Cassidy at 01 478 6600 or email ccassidy@annebrady.ie]]>Anne Brady McQuillans DFKSeminar Invite2012-03-08T10:38:49+00:00http://www.annebrady.ie/blog/files/1086a6d1b04f06ef66d8304a8ec655a6-19.html#unique-entry-id-19http://www.annebrady.ie/blog/files/1086a6d1b04f06ef66d8304a8ec655a6-19.html#unique-entry-id-19Seminar Invitation, 29th March 2012 MS Excel - Improving Efficiency

MS Excel is widely used in professional offices, but the question remains if it is being utilised to its full potential. This one hour free seminar aims to outline some essential MS Excel tools that will assist efficiency and accuracy in the workplace.

We invite you and/or your employees to the hour long training session on Thursday 29th March 2012 at 9am in our offices. There is no charge for this seminar.

Examples of some MS Excel topics covered on the day will include;

• Summary of basic excel tools and shortcuts
• Financial functions
• Pivot tables
• Conditional formatting/Scenario Manager/Goal Seek
• Headers and footers / basic excel tools and shortcuts
• Custom views/Filters/Sorting Data
• Security/Passwords/Protection/Read-Only

Who should attend?

This course is targeted at the day to day user of MS Excel who wishes to broaden their knowlege of the program. It will deal with topics on an intermediate level so basic knowledge is an advantage.

Booking is essential

As we need to confirm numbers in advance of the seminar, I would appreciate if you would provide us with the names of those who will be attending.

Please RSVP by Friday 23rd March to Caroline Cassidy at 01 478 6600 or email ccassidy@annebrady.ie.]]>Anne Brady McQuillans DFKNewsdesk2012-03-01T15:49:06+00:00http://www.annebrady.ie/blog/files/a2121674de5f864dfd8446332a4009a4-18.html#unique-entry-id-18http://www.annebrady.ie/blog/files/a2121674de5f864dfd8446332a4009a4-18.html#unique-entry-id-18Tell us your news

You may have noticed recently we have published newsletters highlighting some news and achievements of our clients.

At Anne Brady McQuillans DFK we want to help you help your business. We would love to hear of any awards or exciting developments in your business and we will feature them in an upcoming newsletter. Send anything you think might be relevant to ccassidy@annebrady.ie and I will contact you to discuss further and plan the newsletter. This service is free of charge and is just our way of thanking you for your support over the years.



Colm Owens ties the knot

Our Audit Manager Colm and his wife April celebrated their marriage on February 24th last. The ceremony took place in Rathfeigh Church followed by the reception in Ballymagarvey Village. Colm and April were blessed with lovely weather for such a beautiful and special day. We wish them both all the luck in the world for a happy and healthy future together.]]>Anne Brady McQuillans DFKNewsdesk2012-02-15T14:58:30+00:00http://www.annebrady.ie/blog/files/25fa2409c38b609d7fecdc9904bdb8a7-17.html#unique-entry-id-17http://www.annebrady.ie/blog/files/25fa2409c38b609d7fecdc9904bdb8a7-17.html#unique-entry-id-17Are you claiming your full entitlements to Capital Allowances?

If you own a commercial property, you may be entitled to claim Embedded Capital Allowances, which will reduce your tax liabilities.

Embedded Capital Allowances are allowances for items of Plant and Machinery which are embedded or hidden in the overall fabric of a building. These comprise of items that are typically categorised as heating, electrical, security, fire/smoke alarm, lift installations, emergency lighting, sanitary ware, etc.

Capital Allowances often remain unclaimed because of a lack of appropriate documentation necessary to support a claim. Identification and quantification of these allowances is a specialist task which would be outside the scope of work included in the preparation of routine tax returns.

The amounts involved can often be substantial and can lead to both reductions in future tax liabilities and refunds of tax already paid.

Why Action is Required

• It is critical that this assessment is carried out before the opportunity to claim is lost. This is because changes in future Finance Acts, may not make this possible.
• Even if you don't have a current tax liability, once secured, these allowances can be held and utilised against future profits.
• They are of significant value and can be sold on with the building.
• Secured Capital Allowances may entitle you to an immediate tax rebate.

Please contact our office if you would like to organise a free of charge review of your entitlement to these allowances.

If you have purchased/developed commercial property or carried out extensions/alterations/refurbishments of a commercial property, it is probable that you have unclaimed Embedded Capital Allowances.

Please contact our office as soon as possible on 01 478 6600 to discuss whether a claim would be appropiate for your premises.

If necessary we will organise a review of your premises by one of our specialist capital allowances surveyors, free of charge, who will asess the eligibility and approximate value of a successful claim.]]>Anne Brady McQuillans DFKSeminar Invite2012-01-19T15:07:11+00:00http://www.annebrady.ie/blog/files/4cd2dc1bc04e5c1ad87000e8c1336401-16.html#unique-entry-id-16http://www.annebrady.ie/blog/files/4cd2dc1bc04e5c1ad87000e8c1336401-16.html#unique-entry-id-16 Why Cloud Computing works for Anne Brady McQuillans DFK

In 2011 we moved our servers from a physical onsite structure over to a virtual (Cloud) structure. We would like to share our very successful outcome to this project with you in a seminar on the 2nd February at 8.30am in our offices.
  The process The idea is that this presentation will provide business owners with an understanding of the implications and benefits of moving into the cloud and how I could help you to ensure the project is successful.

I will present this seminar in a simplistic form under the following topics

• What is cloud computing?
• Why we made the decision to change.
• The steps involved to successful migration
• The benefits and advantages of achieving our goal, server shut down
• How I can help you
   

Booking is essential As we need to confirm numbers in advance of the seminar, I would appreciate if you would provide us with the names of those who will be attending.

Please RSVP by Friday 27th January to Caroline Cassidy at 01 478 6600 or email ccassidy@annebrady.ie.
]]>Anne Brady McQuillans DFKNewsdesk2012-01-18T14:12:20+00:00http://www.annebrady.ie/blog/files/730463aab0c089d7b1dba2f9cbf7f31c-15.html#unique-entry-id-15http://www.annebrady.ie/blog/files/730463aab0c089d7b1dba2f9cbf7f31c-15.html#unique-entry-id-15Interior Design Architect wins "Entrepreneur of the Year Award"

We are very proud to announce that our client, Deirdre Hardiman, director of Hepburn Designs, was honoured with the 2011 "Female Entrepreneur of the Year Award" from Dublin City Enterprise Board. The awards took place on December 12th 2011 in the Civic Office on Wood Quay. Presided over by Greg Swift, CEO of Dublin City Enterprise Board and attended by all seven of the networking groups, Deirdre was presented with her award by Pat Lynch, chairman of DCEB.



Hepburn Designs

Hepburn Designs is a full service interior design house established in Dublin in 2009 by Interior Design Architect Deirdre Hardiman. In addition to offering full project management, Hepburn Designs has launched "Designer for a Day" a new, innovative interior design service. "Designer for a Day" gives access to the services of a designer at a reasonable cost and without the long term commmitment, starting from €299 for a half day.



For details of this service please visit www.hepburndesigns.ie or telephone Deirdre on 087 674 8967.]]>Anne Brady McQuillans DFKNewsdesk2011-12-22T14:55:33+00:00http://www.annebrady.ie/blog/files/a374a83e6481851cf881e5ddf903504e-14.html#unique-entry-id-14http://www.annebrady.ie/blog/files/a374a83e6481851cf881e5ddf903504e-14.html#unique-entry-id-14Anne Brady Partner 353 87 251 7600 Natalie Kelly Partner 353 87 888 5871 Colin Owens Audit Manager 353 87 276 2901 Shane Carroll BAS Manager 353 87 725 4143
]]>Anne Brady McQuillans DFKNewsdesk2011-12-22T14:53:31+00:00http://www.annebrady.ie/blog/files/f53ef4f4ead1732cc738e32e5efe5650-13.html#unique-entry-id-13http://www.annebrady.ie/blog/files/f53ef4f4ead1732cc738e32e5efe5650-13.html#unique-entry-id-13The effect of the upcoming VAT rate change on your Computerised Accounting Package.

From the 1st of January 2012, the standard rate of VAT for the Republic of Ireland will be increased from 21% to 23%. The new 23% rate should be used on all invoices issued from then on. Full details about this change can be found on the Revenue website.

Steps to Change your Computerised Accounting Package

Take a Back Up

First of all, please unsure that you have taken a back-up of the relevant data-set before applying any of the changes detailed below. This will ensure you do not lose or change any important information.

Incorporating the 23% rate to your relevant accounts package

It is recommended that you CHANGE the existing 21% default rate to 23%, and then set up a NEW code for the old 21% rate. This assures that new invoices issued will automatically use the new 23% rate as default. If an invoice needs to be issued at the old 21% rate, you can select this from the new code you have set up.

Changing VAT rates in different Accounting Packages

Amending the VAT rates on most accounting packages is usually done through the dataset configurations. Here you can usually set up new VAT rates, and also set the default standard rate to be used in all relevant transactions.

Examples of how to change the following commonly used accounting packages:

TASBooks: Central / VAT Rates and Reporting / Maintain VAT Rates, (program 031).
Sage 50 Accounts: Settings / Configuration / Tax Codes

For more detailed assistance or queries, please contact Shane Carroll, Business Advisory Services Manager on scarroll@annebrady.ie or 01 4786600]]>Anne Brady McQuillans DFKNewsdesk2011-12-14T20:42:49+00:00http://www.annebrady.ie/blog/files/584dbbbcd0a67ba34c67da59078b37b8-11.html#unique-entry-id-11http://www.annebrady.ie/blog/files/584dbbbcd0a67ba34c67da59078b37b8-11.html#unique-entry-id-11County Car Rentals

All of us here at Anne Brady McQuillans DFK were delighted to see our long standing client; County Car Rentals appear on Monday nights The Apprentice on TV3. Bernard Loughran, General Manager and Trevor Toner, Office Manager put the candidates through their paces as they battled their way into the final with Bill Cullen.

For 60 years County Car Rentals have been providing a first rate service to its clients from around the world. Whether you need to rent a car for business or it’s a car rental for a holiday, County Car Rentals have the experience and the range of cars to suit your needs. County Car Rentals offer low cost car rentals across their fleet of cars.

Visit County Car Rentals at www.countycar.ie or call 01 235 2030. County Car Rentals are located on Rochestown Avenue, Dun Laoghaire, Co. Dublin.

Missed it? If you missed Monday nights "The Apprentice" you can catch it online on TV3's 3Player


Anne Brady McQuillans DFK Christmas Opening Hours

We would like to take this opportunity to remind you all of our Christmas Hours.

We will close for Christmas Holidays on Thursday 22nd December at 5pm and reopen for business on Tuesday 3rd January 2012.

During the Christmas break, the following staff will be available for any urgent queries;

Anne Brady, Partner; 353 87 251 7600
Natalie Kelly, Partner; 353 87 888 5871
Colin Owens, Audit Manager; 353 87 276 2901
Shane Carroll, BAS Manager; 353 87 725 4143]]>Anne Brady McQuillans DFKNewsdesk2011-12-06T21:39:09+00:00http://www.annebrady.ie/blog/files/a02f8e265ad6cd3ef67d9d5a5f447c73-10.html#unique-entry-id-10http://www.annebrady.ie/blog/files/a02f8e265ad6cd3ef67d9d5a5f447c73-10.html#unique-entry-id-10]]>Anne Brady McQuillans DFKNewsdesk2011-12-06T21:16:36+00:00http://www.annebrady.ie/blog/files/cc089c14135f5a2aa353ee5fd0c22805-9.html#unique-entry-id-9http://www.annebrady.ie/blog/files/cc089c14135f5a2aa353ee5fd0c22805-9.html#unique-entry-id-9Anne Brady McQuillans DFKNewsdesk2011-12-06T21:13:52+00:00http://www.annebrady.ie/blog/files/ae005d540837887cde7b16e402ad1c7c-8.html#unique-entry-id-8http://www.annebrady.ie/blog/files/ae005d540837887cde7b16e402ad1c7c-8.html#unique-entry-id-8Anne Brady McQuillans DFKNewsdesk2011-10-28T15:56:12+01:00http://www.annebrady.ie/blog/files/9d720dfcc71a9505709478a5cc7c033a-6.html#unique-entry-id-6http://www.annebrady.ie/blog/files/9d720dfcc71a9505709478a5cc7c033a-6.html#unique-entry-id-6Anne Brady McQuillans DFKNewsdesk2011-10-02T17:03:06+01:00http://www.annebrady.ie/blog/files/58b68fec8bdbae074e18f6346ba7c355-5.html#unique-entry-id-5http://www.annebrady.ie/blog/files/58b68fec8bdbae074e18f6346ba7c355-5.html#unique-entry-id-5Anne Brady McQuillans DFKNewsdesk2011-08-28T11:24:27+01:00http://www.annebrady.ie/blog/files/929d0a1f295eef61e2cbdf041aac3384-4.html#unique-entry-id-4http://www.annebrady.ie/blog/files/929d0a1f295eef61e2cbdf041aac3384-4.html#unique-entry-id-4Payroll Information Open Day

As you are aware, Anne Brady McQuillans DFK is joining in the salute to the Irish worker and payroll professionals by participating in National Payroll Week.

National Payroll Week is a public awareness campaign that pays tribute to payroll professionals and the fact that they not only process thousands of payments each week but they do so accurately and on time.

To celebrate, we are holding a Payroll Information Open Day, by which you can drop into our office (or call) anytime between 9 am and 5 pm on Friday 2nd September with any questions or queries you may have regarding payroll. Our payroll experts will explain anything from the deductions on payslips to the Bike to Work Scheme as well as Pension Contributions. This Information Day is also open to your employees so be sure to spread the word.

The tea and coffee will be flowing and plenty of chocolates to share around! This is a FREE service, all that we ask is that you make a donation to Barretstown House in return for the advice. Donations can be made on the day at reception by either cash, cheque or credit card.
http://www.payrollweek.ie

Barretstown

Barretstown helps children affected by serious illness regain their confidence and self-esteem. They rebuild lives affected by childhood cancer through a program of fun based activities in Barretstown House in Co Kildare. Hospitals' primary focus is on the physical effects of serious illness, while Barretstown helps to heal the emotional scars.

In 2011 Barretstown celebrates its 17th anniversary and in those 17 years, more than 18,000 children and families will have been to Barretstown free of charge. Each year the charity's dedicated fundraising team must raise Euro 5 million, so that more children and families can attend these life changing programmes.

96% of this money must come from voluntary sources including individuals, community events and corporate partners. IPASS and Anne Brady McQuillans DFK are delighted to be able to use National Payroll Day as an opportunity to raise funds for the marvellous work carried out by Barretstown.

For more information on Barretstown and the wonderful work they do, please visit http://www.barretstown.org

Our Payroll Services

Along with processing payroll for our clients we also offer the following services to employers:

• Reviewing existing tax packages and benefits
• Employee share incentive schemes
• Financial Planning reviews for executives
• BIK compliance advice
• PAYE/PRSI compliance reviews
• Advice on termination of employment.

]]>Anne Brady McQuillans DFKNewsdesk2011-08-12T09:58:44+01:00http://www.annebrady.ie/blog/files/1298b7d8db98cffd732a38a6c0a07dde-3.html#unique-entry-id-3http://www.annebrady.ie/blog/files/1298b7d8db98cffd732a38a6c0a07dde-3.html#unique-entry-id-3National Payroll Week

Anne Brady McQuillans DFK is joining in the salute to the Irish worker and payroll professionals by participating in National Payroll Week.

National Payroll Week is a public awareness campaign that pays tribute to payroll professionals and the fact that they not only process thousands of payments each week but they do so accurately and on time.

With each and every payment issued, the payroll department must make the correct deductions for PAYE, PRSI, USC etc. and any delay or error has serious financial consequences that not only affect you, but the companys bottom line.

Our dedicated payroll department is staffed with highly skilled professionals who are experts at meeting deadlines and answering employee queries and who know all the required tax credits and deductions.

National Payroll week is also in aid of the Irish Charity Organisation Barretstown. We are delighted to be able to show our support for such a great cause also.

http://www.payrollweek.ie

Barretstown

Barretstown helps children affected by serious illness regain their confidence and self-esteem. They rebuild lives affected by childhood cancer through a program of fun based activities in Barretstown House in Co Kildare. Hospitals' primary focus is on the physical effects of serious illness, while Barretstown helps to heal the emotional scars.

In 2011 Barretstown celebrates its 17th anniversary and in those 17 years, more than 18,000 children and families will have been to Barretstown free of charge. Each year the charity's dedicated fundraising team must raise Euro 5 million, so that more children and families can attend these life changing programmes.

96% of this money must come from voluntary sources including individuals, community events and corporate partners. IPASS is delighted to be able to use National Payroll Day as an opportunity to raise funds for the marvellous work carried out by Barretstown.

For more information on Barretstown and the wonderful work they do, please visit http://www.barretstown.org

Our Payroll Services

Along with processing payroll for our clients we also offer the following services to employers:

• Reviewing existing tax packages and benefits
• Employee share incentive schemes
• Financial Planning reviews for executives
• BIK compliance advice
• PAYE/PRSI compliance reviews
• Advice on termination of employment.

If you need any further assistance with any of the above issues mentioned, do not hesitate to contact our offices on 353 1 478 66 00 or email nfoster@annebrady.ie ]]>Anne Brady McQuillans DFKPress Release2011-08-07T17:05:59+01:00http://www.annebrady.ie/blog/files/626e1247a1dafcf47eb385ababe0fc43-2.html#unique-entry-id-2http://www.annebrady.ie/blog/files/626e1247a1dafcf47eb385ababe0fc43-2.html#unique-entry-id-2A Prestigious Award for Leading Dublin-based Accountancy Practice
 
Leading Dublin-based accountancy firm Anne Brady McQuillans DFK has been named the DFK  Europe, Middle East and Africa Firm of the Year 2011. The award was announced at the recent DFK International Annual Conference in Chicago.
 
The firm was recognised with the prestigious award for its outstanding contribution to the development of DFK International throughout the year. Anne Brady McQuillans DFK is an independent accounting and business advisory which formed as the result of a merger between two well respected Chartered Accountancy Firms – Anne Brady DFK (founded in 1992) and McQuillans DFK (founded in 1960). The firm currently employs 27 team members.
 
Speaking about the award the firm’s Senior Partner, Anne Brady, commented; “It is such an honour to win the Regional Firm of the Year Award 2011. DFK to us is like a large international family. We have links to the technical expertise of our members all over the world, which enables us to offer global expertise to our clients. I would like to congratulate all of our team on their outstanding work, which achieved this award.”
 
DFK International is a leading global alliance of independent professional accounting firms and business advisors. With members in over 300 countries, ]]>Anne Brady McQuillans DFKNewsdesk2011-06-07T17:05:58+01:00http://www.annebrady.ie/blog/files/1d264ce41b24ddef9132a8e415fee944-1.html#unique-entry-id-1http://www.annebrady.ie/blog/files/1d264ce41b24ddef9132a8e415fee944-1.html#unique-entry-id-1Ireland’s Shadow Economy
Revenue has confirmed that they intend to concentrate on the "shadow economy" in 2011. They will explore underpayments of tax by PAYE workers where they have other undeclared income i.e. rental income. They are also concentrating on incorrect tax credits being claimed by PAYE workers. They will continue their focus on cash businesses i.e. doctors, dentists, lawyers, accountants and jewellery businesses, all of which could include unannounced visits by Revenue. Mandatory e-filing
Mandatory electronic payments and filing, using Revenue's Online Service (ROS), is part of Revenue's strategy to establish the use of electronic channels as the normal way of conducting tax business. Taxpayers will be required to pay and file their tax returns electronically from 1 June 2011.
Revenue may exclude a taxpayer from their obligation to pay and file electronically, if they are satisfied that the taxpayer does not have the capacity to do so.


Changes to PPS numbers attached to husband A ‘W’ format PPS number will no longer be recognised by Revenue’s systems. Revenue policy has changed to ensure that every individual holds a unique PPS number. Where an individual had a PPS number in her own right prior to marriage, this number will have been reactivated by the Department of Social & Family Affairs (DSFA.) If a pre-marriage number did not exist, DSFA will assign a new PPS number to the person concerned.
You should contact the DSFA’s Client Identity Services (cis@welfare.ie) should you have any questions, or require a new PPS number.

Once received, the DSFA notification of the replacement PPS number should be presented to Revenue to allow the new PPS number to be registered.


Employer PRSI @ 8.5% halved

With effect from 2nd July 2011, the 8.5% rate of employer PRSI payable under PRSI Class A, will be halved to 4.25%, where the employee's reckonable earnings do not exceed €356 per week. This reduction in employer PRSI will apply to both new and existing jobs and will apply until the end of 2013. A revised SW14/PRSI Tables should be available soon.]]>Anne Brady McQuillans DFKNewsdesk2011-08-07T17:05:58+01:00http://www.annebrady.ie/blog/files/77268415f108b604d25e4ce3f63f9e66-0.html#unique-entry-id-0http://www.annebrady.ie/blog/files/77268415f108b604d25e4ce3f63f9e66-0.html#unique-entry-id-0Europe, Middle East & Africa Firm of the Year 2011
 
We are delighted to announce that Anne Brady McQuillans DFK have been awarded the Europe, Middle East and Africa DFK Firm of the Year 2011. The award was presented to Anne Brady at the recent DFK International Conference in Chicago. This is a huge achievement for the firm and a fantastic follow-on from our award in 2010 for DFK UK & Ireland Firm of the Year. Anne Brady McQuillans DFK was recognised for its contribution to the development of DFK Europe, Middle East and Africa during the year. The firm has been an active and prominent member of DFK since it was established 50 years ago.

On winning the award Anne Brady commented "It is such an honour to win the Regional Firm of the Year Award 2011. DFK to us is like a large International family. We have links to the technical expertise of our members all over the world, which enables us to help our clients. We very much enjoy and benefit from being an active member of DFK."]]>