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In the current economic climate most companies are finding it extremely hard to source finance. One avenue worth exploring is where a director loans personal funds to the company and charges interest to the company.
Where a company is categorised as a close company (i.e. owned by five or fewer people) and where the director [...]
Finance Act 2010 introduced a margin scheme for agricultural machinery. From 1 January 2010 dealers in
second hand agricultural machinery may opt to apply the margin scheme to sales. To that end they would account
for VAT at 21% on the profit margin on each sale. Where the margin scheme is applied the dealer would not be
entitled [...]
Register Judgement in High Court Central Office
This threat to a Debtor’s credit rating may be enough, however, it has no real effect if the Debtor is a failing business.
Register Judgement Mortgage
This is useful where the Debtor has property. It ensures Creditor priority above unsecured creditors, but is ineffective where Debtor already has fully secured property [...]
In March, the government published the Land and Conveyancing Law Reform (Review of Rent in Certain Cases) Bill 2010, the purpose of which is to provide for regulation concerning rent review of existing commercial leases.
The government had already dealt with rent reviews in Section 132 of the Land and Conveyancing Law Reform Act 2009, brought [...]
The qualifying age for State Pension payments will rise as outlined below:
Qualifying Age for State
Pension
Any date before 31 December 1948
65 years
1 January 1949 – 31 December 1954
66 years
1 January 1955 – 31 December 1960
67 years
1 January 1961 – present
68 years
A system of social insurance credits towards the State Pension has been proposed to compensate [...]
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New Statistics released recently reveal a significant increase in insolvencies in the month of February. The number of companies that went out of business in February was up by 33% – from 110 in January to 146. Statistics show that approximately five businesses per day went bust.
The number of companies [...]
The Department of Justice, Equality and Law Reform has announced that the remit of the Small Claims Court is being extended to include small businesses. Businesses can now file claims against other businesses in respect of goods or services purchased up to the value of €2,000. However, claims cannot be made in respect of debts, [...]
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There is good news at the door for small-scale businesses operating in Ireland. County & City Enterprise Boards (CEBs) are continuing to provide a range of financial supports designed to assist with the establishment and/or growth of businesses employing up to ten people.
Support comes in the form of grants including:
Feasibility/Innovation Grants
Priming Grants
Business Expansion Grants
Refundable Aid
[...]
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From 28 January 2010 any disqualification from driving in an EU state may also create a similar disqualification in Ireland. The Act provides for the foreign state to notify the Minister who in turn applies to Court to obtain an Irish disqualification order.
By passing S.I.11 of 2010, the Minister for Justice has brought into effect [...]
The Department of Agriculture has announced four new European Union-backed fi sheries programmes. Speaking at the Irish Skipper–Inshore Fisheries Expo in Galway, the minister revealed that a total of €4.5 million will be available through 2010, with €1.82 million coming from the EU. The four new funds will cover: safety at sea, inshore fi sheries [...]
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Liam McNamara & Associates Limited t/a MCN Associates, t/a MCN Financial Services, t/a MCN Mortgages & t/a Personal Economy
is regulated by the Financial Regulator. (Statement of Authorised Status) Homepage | Our Services | About Us | Our People | Authorisation | Contact Us | Corporate Services | Wealth Legal Protection | Wealth Protection| Mortgage Intermediary | Commercial Finance | Investment Advice | Retirement Planning | Accountancy Services | Corporate Tax Consultants | Personal Tax Planning |
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Registered in the Republic of Ireland, No 444835 Registered Office: 51A & 51B Dawson Street, Dublin 2 | Tel: +353 1 230 9000 | Fax: +353 1 230 9001 |
