Damien Malone

As a business owner in Ireland, it can be difficult to determine what salary you should pay yourself. It is important to consider the resources available and establish an appropriate rate of remuneration as well as other benefits that could support your current lifestyle or future ambitions. This article provides tips and advice on how to assess an appropriate salary for business owners in Ireland. In doing so, this article takes into account relevant considerations such as market rates, cost of living expenses, taxation implications and personal goals when determining a suitable salary. By understanding these factors and their impact on one’s financial well-being, entrepreneurs will be better equipped with the knowledge necessary to make informed decisions regarding their finances. Assessing Market Rates When it comes to determining a salary as a business owner in Ireland, one must first assess the market rates. As an entrepreneur within this country, doing your due diligence is e...

Value Added Tax (VAT) is a consumption tax placed on goods and services consumed by people in many countries around the world. Ireland, like other member states of the EU, has its own VAT system requiring businesses to charge and collect it from their customers. This article provides an overview of understanding VAT and how to charge and collect it when conducting business in Ireland as well as beyond. The goal of this article is to help individuals who are new to the subject gain an understanding of what VAT is, why it applies in certain situations, how it can be charged appropriately, and how it should be collected correctly so that all legal requirements have been met. It will also provide helpful resources for those wishing to learn more about VAT or find additional information related to Irish taxation laws. What Is VAT? Value Added Tax (VAT) is a tax levied on the value added to goods and services at each stage of production or sale. It is collected by businesses registered...

The process of hiring an employee in Ireland can be a complex and daunting task, especially for individuals or businesses new to the procedure. There are several considerations that must be taken into account when recruiting staff, including legal requirements regarding employment contracts, tax regulations and other compliance issues. This article provides a practical checklist for employers seeking to hire their first employee in Ireland, outlining key steps to ensure legal requirements are met and helping employers navigate the process with confidence. This comprehensive guide covers all aspects of recruitment from job postings through to onboarding processes, providing information on areas such as minimum wage legislation, contract writing best practice and more – enabling employers to make informed decisions while remaining compliant with relevant laws at each step along the way. Understanding Your Obligations As An Employer As an employer in Ireland, it is essential to under...

This comprehensive guide provides an overview of registered office address services for Irish companies. It outlines the requirements of these services and how they facilitate compliance with legal obligations. Additionally, it examines the advantages of using a professional service provider to manage a company’s registered office address needs. The Companies Act 2014 and other relevant legislation require all Irish companies to have a valid physical address in Ireland that serves as the official public record for their business operations. This address is known as the Registered Office Address (ROA). The ROA must be accessible during normal business hours unless otherwise specified by law or regulation. To ensure that companies are compliant with statutory requirements, many opt to use professional registered office address services provided by experienced providers. These services provide access to resources and expertise designed to simplify complex administrative tasks associated...

Tax deductions are an important aspect of taxation in Ireland and can be used to minimise personal tax liability. This guide provides a comprehensive overview of the different ways that taxpayers can utilise various reliefs, allowances, credits and other mechanisms available under existing Irish legislation to reduce their total taxable income, as well as outlining some best practices for claiming these deductions. It is designed to provide readers with a thorough understanding of how they may benefit from maximising their allowable deductions. An Overview Of Tax Deductions In Ireland Tax deductions in Ireland are a way for taxpayers to reduce the amount of tax they owe. Taxpayers can take advantage of several tax-advantaged investments and tax-deferred savings options as legally permitted by the Irish Revenue Commissioners. Investment products such as stocks, bonds, mutual funds, exchange-traded funds (ETFs) and other financial instruments may be eligible for certain tax advantag...

As business owners in Ireland, sustainability has become increasingly important. With the implementation of green initiatives and energy-efficient supports, businesses can help to reduce their environmental impact while also benefiting from cost savings. This article examines the available energy supports that are accessible for Irish business owners looking to go green. A variety of government programs have been put into place to encourage businesses to adopt sustainable practices. These range from grants and incentives aimed at reducing emissions, investing in renewable energy systems or improving efficiency through technological updates. In addition, organizations such as the Sustainable Energy Authority of Ireland (SEAI) provide advice on how companies can make advancements towards a more sustainable future whilst receiving financial assistance. This article aims to provide an overview of the various options available so that readers can gain insight into the advantages of goin...

This article will provide an overview of the information required for Irish company registration. It is important to ensure that all necessary documents and details are provided in order to correctly register a company in Ireland, as any omissions or inaccuracies can have legal implications. The first step towards registering a business entity in Ireland is obtaining a valid Certificate of Incorporation from the Companies Registration Office (CRO). A CRO-issued certificate must include the name of the registered business, its place of incorporation and other relevant details such as directors’ addresses and contact numbers. In addition, it is necessary to have copies of identification documents ready for submission with the application form. These may be passport scans or driving licence copies depending on the country where the applicant resides. Further documentation includes proof of address, memorandum & articles of association and statutory declaration which needs to be sig...