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03.03.2021

What Is Business Continuity Planning And Why Is It Required?

We have seen from previous articles that there are many reasons as to why a business maybe be under threat in these challenging times. Business continuity planning is the procedure involved in creating a system of prevention and recovery from potential threats, real or perceived to a company.  The plan ensures that personnel and assets…

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01.03.2021

A Reminder Of The 7 Year CGT Exemption

Did you purchase a property anytime between 7 December 2011 and 31 December 2014? If so, now may be a tax efficient time to consider selling. The 7 Year CGT Exemption was originally introduced by way of Finance Act 2012 with the intention of boosting investment in Irish properties during the last recession. The scope…

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07.12.2020

What does an auditor mean by “materiality”?

An auditor will calculate a monetary value as the “materiality” level applicable to those financial statements he/she is auditing. The value will be based on the auditor’s professional judgement and their perception on the financial information needs of the users of the financial statements.

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05.12.2020

Here’s a tip to see if you have a good accountant

Step 1 – give them loads of data e.g. 1 bankers box. Your accountant will be delighted as we love data and we generally put it into a big spreadsheet with loads of complicated formulae. Step 2 – ask them to review the data and give you their view, to empower you to make a…

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01.09.2020

COMPANIES (MISCELLANEOUS PROVISIONS) (COVID 19) ACT 2020

The Companies (Miscellaneous Provisions (Covid-19) Act 2020 which has now been signed into law makes, temporary amendments to the Companies Act 2014 for an interim period up until the 31st December 2020 in response to the challenges Companies may experience as a result of the Covid-19 pandemic. This interim period can be extended further under…

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08.03.2019

Brexit Uncertainty Affecting Irish Business

Brexit uncertainty is continuing to affect all aspects of Irish Business and until the outcome is finally known on the 29 March 2019 or some other later date as might be agreed between the British Parliament and Brussels it is not going away. Whilst writing this article Teresa May’s deal is scheduled to go before…

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07.02.2019

Real-Time Revolution Ahead For Irish Taxpayers

When PAYE Modernisation was first announced by the Minister for Finance in the October 2016 Budget Statement, it seemed a long way off. But now that it is about to come into operation, every employer, agent and payroll provider needs to check that they are ready for the new system and understand its implications. PAYE…

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07.02.2019

250 Trainees And Counting

Cooney Carey are delighted to announce that we have successfully trained 250 ACA/ACCA students to date. At Cooney Carey we take great pride in our trainees becoming well rounded qualified accountants. We provide a positive and supportive work environment where all our trainees can develop at their own pace. Hear from two of our 2019…

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