News & Views
The Personal Return
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18 May 2012 12:37
2012 is whizzing by. We’re already nearing the end of May and, while four months might sound like a long time in business, the October 31 deadline for the filing of personal tax returns is starting to loom large. Even with the typical ROS extension to November 15, filing the return isn’t something you can put off forever.
Ideally, people should start the process as early as possible in the following year. At DCA Accountants and Business Advisors, we like to try and start the pro...
DCA Q&A: What Should I Do About A Bounced Cheque?
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14 May 2012 14:18
Q: After harrying a client for quite a while, they finally stumped up with a postdated cheque. The only problem is that, when I lodged it, the cheque bounced! I’m absolutely furious – what are my legal options?
A: The first thing to note is that there may well be an innocent explanation – either an honest mistake about what money would be in the account on the day you cashed it, or an unexpected delay in processing another payment. After all, it doesn’t make sense to...
Emigration Isn’t The Only Answer
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4 May 2012 15:06
Lately, there’s been quite a lot of emphasis on people emigrating from Ireland. It’s hardly surprising of course since a generation of people seem to be fleeing the country in the hope of creating a better life for themselves elsewhere. Documentaries like RTÉ’s Generation Emigration capture the plight of some of these individuals in an illuminating and revealing way and in most cases, the problems faced by some of those showcased before they emigrated can be aligned with many peop...
DCA Q&A: Can We Hold Back Wages for Incomplete Work?
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27 Apr 2012 15:17
Q: We had to let one of our employees go last week – it was a mix of cash-flow and levels of competence, as we’d had a couple of clients complaining. As part of a redundancy settlement, we agreed to pay him his full wages at the end of the month.
However, as I’ve been going through his emails and files, I’ve found several jobs that he told me were finished are only half complete. I’ve also found that the clients he was managing are far more angry than I’d thought...
The Finance Act 2012 – What It Means For You
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19 Apr 2012 14:30
Last month, President Higgins signed the Finance Act 2012, a bill which introduced a number of new measures to improve the business tax regime, into law.
One of the key features in the Bill was the corporation tax relief scheme for start-up companies. Under the new rules, and in accordance with an announcement by the Minister for Finance on Budget Day last December, new companies may be exempt from corporation tax on trading income for the first three years of operation. While this ...
