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April 2010

Obligation to submit Business Plans to National Asset Management Agency (NAMA) for borrowers with qualifying loans

The NAMA legislation has been in the public domain for a number of months now. During that time there has been much debate and media comment, both positive and negative.

The first batch of qualifying loans is now being transferred to NAMA. This batch comprises the top ten borrowers from the qualifying banks. It is anticipated the next fifty or so large borrowers will be transferred between April and the end of July. Read more...

March 2010

Changes to taxation in 2010 affecting patent royalty income, artists’ income and property based tax incentives

For 2008 and 2009 there was a limit in place on the amount of tax free income from patent royalties and other tax incentive schemes that, in total, could be exempt from income tax.  Income in excess of the €250,000 exemption cap was taxed at normal rates, i.e. excess over €250,000 was taxed at the marginal rate, i.e. 41%. Read more...

February 2010

Finance Bill 2010

Finance Bill 2010 was published on 5 February 2010.  The Finance Bill legislates for the tax changes announced by the Minister for Finance on his December 2009 budget.

The Bill contains a significant number of technical amendments to the tax code.  Most of these were specified in the initial speech given by Minister in December 2009. The Bill contains several initiatives to improve Ireland’s competitive position vis a vis our international competitors. Read more...

 

Copsey Murray is a firm of Chartered Accountants and Registered Auditors. We are established over thirty years.

Our clients operate in a variety of business sectors. We have developed a broad knowledge base and experience in a number of industry sectors.

We assist our clients by advising on accounting, company law and corporate governance, and taxation issues. We deal with routine taxation and accounting compliance matters including Revenue Audit management.

We provide integrated company law and tax planning advice on specific corporate tax issues.

We are proactive in keeping clients abreast of the continuing changes in the company legislation landscape and in the technical implications of those changes for annual financial statements and the disclosures therein.

We have substantial experience in the area of business “start-ups”.  We provide hands-on assistance where necessary to help clients establish book-keeping and management information systems. We provide computerised payroll services to clients.

We offer an integrated company secretarial compliance service using a specialist Company Secretarial software package.

We advise our Irish clients, and subsidiaries of foreign entities, on a range of issues including: Transfer pricing, VAT on internet selling, Foreign employee secondments, Group reporting, Residence and domicile, Dividend policy, Tax treaties, Shareholder issues.

The multi-disciplinary approach of partners and senior staff allows integration of compliance, consultancy and planning services, to our clients’ advantage. Partner and consultant knowledge of client affairs facilitates efficient working relationships and delivery of services.

In dealing with international tax issues, our network of associates provides us with relevant technical support to deal with the issues and resolve any communication problems that arise.

 

RTÉ Business News


Partners:            Tony Kenny

Tim O'Keeffe

Colm Byrne

 

Charter House
5 Pembroke Row
Dublin 2
Ireland

Tel: 00 353 1 661 0144
Fax: 00 353 1 662 4431

 

4 Inver Mews
Old Chapel Ground
Arklow
Co Wicklow
Ireland

Tel: 00 353 402 23911
Fax: 00 353 402 23901


MGI is an association of independent auditing, accounting and consulting firms. Neither MGI nor any member firm accepts responsibility for the activities, work, opinions or services of any other member. Click here to access MGI World website.

Copsey Murray is
registered to carry on audit work and authorised to carry on investment business by the Institute of Chartered Accountants in Ireland (ICAI). Chartered Accountants Ireland is the operating name of ICAI.