It’s not an exaggerating to state that how the world works has been forever changed by the Covid-19 pandemic.Only a few short months ago, working from home would have been unthinkable for most people, however, working remotely or e-working has become a reality for much of the country. Aside from the obvious challenges of working around children or fighting with unreliable internet connections, there are tax ramifications associated with working from home.Today we hope to make it clear what tax rebates an employee working from home is entitled to. What expenses are you entitled to Claim tax relief on? If you are working from …

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The continuing and ever-evolving ramifications of the COVID-19 pandemic has left many small businesses struggling to survive.During the lockdown, industries serviced by sole traders were hit particularly hard. And as more and more counties move from level 2 to level 3 on the national pandemic response scale, more and more sole traders will likely see their business adversely affected by these tightening restrictions. Along with having to adapt their business practices in line with changing government regulations, businesses are also dealing with a downturn in the economy.In order to mitigate the damage caused to sole traders, the Irish Government is offering a once-off €1000 …

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Are you a start-up worried about how VAT is going to impact your business? Not sure how to register for VAT? Are you a business that relies on the British market and are concerned about how Brexit is going to affect VAT? In this article, we want to cover everything from the basics of VAT to more complex issues surrounding VAT and Brexit. The Basics: What is Value Added Tax? VAT is a tax that is added to goods and services. Almost every product or service we purchase will have VAT added to the price.Once a business owner registers for VAT they must charge …

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With the avalanche of changes affecting the Irish taxation system — not least of all PAYE Modernisation — there has been a lot of talk about the advantages/disadvantages of accountancy outsourcing. What are the advantages of outsourcing your business’s accountancy needs to a third party accountancy firm? What are the disadvantages? A persistent myth surrounding accountancy outsourcing is that a business ends up having less control over its financial reporting. It is also often stated that outsourcing ends up costing more. This ridiculous and frankly dangerous rumour can sometimes have a company seeking out software solutions in place of a trained accountant.  It may seem …

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For what seems like an eternity, Brexit has dominated news headlines all over the world.The British government lurches from one crisis to another as power plays, partisan politicking and incessant party in-fighting leaves Britain — and the wider European block — floundering in a mess of uncertainty.Will it be a hard Brexit, a soft Brexit or some Frankenstein-like combination of both? Nobody seems to know. The details of Brexit are no clearer than they were in the immediate aftermath of the shock referendum result way back in 2016.This uncertainty affects all of us, but perhaps no other group is affected by this uncertainty more …

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Is your company ready for Brexit ? With more and more uncertainty around regarding Brexit  it’s reassuring to know we are here to help. We can answer your questiond for you, Help you set up an irish company so you can still be and trade in the EU. Here at Bond and Co, we fully appreciate that Brexit has become a hot topic for many businesses and we understand that you may have some concerns. We are here to help you to prepare your business for the Brexit changes. Be Brexit ready with the help of our experienced and dedicated chartered accountants. We can …

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It’s no exaggeration to say that there has never been a better time to start a business in Ireland. The Irish government is finally recognising the economic and employment value of SMEs. Business support is available in a variety of guises including mentorships, grants and programs designed to transform an idea or business concept into an investable company. While all Start-ups are different, they all have something in common. They are all operating on a shoestring budget.In this bootstrapping climate, it may be tempting to forgo hiring a professional accountancy firm. Perhaps the CFO/Content Manager/Software Developer can also double as the company’s chief financial …

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We’ve been receiving a few questions recently about the PAYE Modernisation project undertaken by the revenue commission. In the interest of keeping our clients informed, below you will find some information about the most significant change to the PAYE system since its introduction in 1960.

Paye Modernisation is the most radical shake up of Irish Payroll’s ever. Are you ready ?

Payrolls are now being processed in real time. When you pay your staff you will now have to report to Revenue at that time. You cannot re-do a payroll.

Talk to us now for your 2018 payroll solution and get ready.

It’s time to get sorted now and get your P.35 filed on time do it now or call us to do it !