Category Archives: ACCA

ACCA stands for ‘Association of Certified Chartered Accountant and is used in posts referring to accountancy issues

Tax deadline changed to Midnight on the 16th of November

The normal cut off date for tax returns is the 31st of October unless you do the return electronically via Revenue Online Service (ROS) in which case it is today. However (and we never found out why) Revenue have recently determined that the 16th of November will instead be the final date. This means that anybody who has non-PAYE income to declare for 2010 still has a little time left to make the return on time.

If you don’t you’ll face a 5% surcharge on the tax bill up to December after which the surcharge rises to 10%. If you get the surcharge it means your rate of tax effectively rises by 10% (not absolute, but relative ie: 20% goes to 22%, 41% goes to 45%)

Sunday Business Post: The Insider – recovery without austerity.

We were delighted to be this weeks ‘Insider’ at the Sunday Business Post, we looked at the mortgage market statistics and the idea of recovery without austerity.
The truth is a hard thing to suppress. Last week, we had another stark revelation about the mortgage market after RTE reported that there are now e20 billion in home loans with some level of arrears. That represents about one in six loan accounts.

Using cost accounting in your business: the High/Low method

high low method of cost accounting, management accounting, accountants in dublin 2, financial advice, financial advisers, financial advisors, accountancy

Irish Examiner: Opinion piece on Debt Forgiveness

We had a piece in today’s Examiner on the topic of Debt Forgiveness, see below: ‘Debt forgiveness’ is an undefined expression, we have no commonly held interpretation of what it is. For that reason the debate rages as to whether it can occur or not; but without definition the argument cannot advance.
On one side you have household name economists and on another you have Fine Gaels Briay Hayes (Minister of State at the Department of Finance) saying it is an impossibility along with most of the banks.

News of the World: Money Expert on Savings & the Greek Crisis

The problems in Greece are weighing heavy on Europe; the worry is that Greece will be Dracula and suck the lifeblood out of the Euro, or they will go Drachma – returning to their own money. For now, they remain the focal point of almost every financial worry at present worldwide. At Advisors.ie we are getting calls from clients on a daily basis who are worried about their savings, wondering if their money is safe, and they ask us what they should do in order to protect themselves.

Irish Examner: Advisors.ie on the topic of PRSA’s and the Pension Levy

Director of client advice firm, advisors.ie, Karl Deeter, said that ‘personal retirement savings accounts’ or PRSAs were created in an attempt to get more people to save for their retirement. He said they were billed as a universal solution with fixed fees and low costs, along with flexibility.

What kind of accountant do you want?

Do you want a person who can merely do up your books and has the credentials to stand over the final figures? If so then Advisors.ie is perhaps a solution for you.

If you’d rather have a person who can look at your business, do you books, finalize figures and perform an audit where necessary then we are likely the solution for you.

But if you want an accountant in Dublin who can do all of that and also figure out ways to cut your costs, reduce your tax bills and use the best methods for ensuring that you stay in business and don’t pay more tax then necessary, while also being able to advise you personally on your finances and also shop around on your behalf for cheaper solutions for the financial products and services you use then we are definitely the people you are looking for!

Dear Revenue: Don’t Tread on Me

We regret not taking that case to court and we vowed not to let it happen again, we are no longer accepting what we believe to be bullying tactics used by the Revenue any longer, instead we will advise our clients to go to court and we will provide expert witness services for them where and when required. So it is with great joy that we got our first win today.

Advisors.ie Dublins new Accountants and Financial Planners

Advisors.ie launches in Dublin, September 2010