Latest News

Latest News
16.08.2021

Working Capital Adjustment in M&A deals

A contentious issue in M&A deals can often be the working capital adjustment that is embedded in the SPA. Albeit the term normalised working capital (NWC) may be familiar to many, its nuances are often misunderstood in the context of a purchase price adjustment as a part of the acquisition. This article discusses the fundamentals…

Read More
09.08.2021

SCARP: The new restructuring tool to rescue small and micro companies

Anticipating the assistance smaller businesses might require as they emerge from the financial challenges of pandemic, the Government has rightly come out with the Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021. What exactly Is the small company administrative rescue process and why is it needed? Small company administrative rescue process (also…

Read More
02.08.2021

From Enterprise Value to Equity Value

In simple terms, Enterprise Value (EV) is the total value of the company which includes its equity and debt. To arrive at this value, a pricing multiple is applied to the earnings before interest, tax, depreciation and amortisation (commonly referred to as EBITDA). However, from an M&A standpoint EV does not represent the ultimate value…

Read More
26.07.2021

Employment Wage Subsidy Scheme

EWSS Rates  Following on from the Government’s announcement that the Employment Wage Subsidy Scheme (EWSS) would be extended until the end of December 2021, the below subsidy rates will continue to apply for the months of July, August and September 2021 based on employee’s gross pay per week: The subsidy rates payable for October 2021…

Read More
20.07.2021

Covid 19 and the increased threat of Cyber Attack

We will all the have recently seen the effects that the recent cyber-attack on the Dept of Health and the HSE has had on our everyday lives whilst we are trying to control the spread of the virus by our vaccination programme, this highlights that all business whether large or small are susceptible to cyber-attack…

Read More
12.07.2021

Completion Accounts in M&A

So, you have agreed the headline price to be paid for the target company and the due diligence process is set to be completed. To ensure movements or discrepancies between the signing date and closing date are appropriately adjusted, choosing an appropriate closing mechanism is vital to any M&A transaction. The two most widely used mechanism to give effect to such adjustments and…

Read More
24.05.2021

Taxation of Court Damages and Awards

Introduction There is a mistaken view that compensation and damages payments are generally exempt from Irish taxation, the matter can be complex to determine. While such awards can be tax exempt, this is only the case where same fall within the specific tax exemptions set out in the tax acts. In order to determine the…

Read More
19.05.2021

Outdoor Dining Scheme

The Minister for Tourism Catherine Martin TD in partnership with Fáilte Ireland has recently announced a €17m scheme to provide funding for individual tourism and hospitality businesses to develop permanent outdoor public dining spaces. The new initiative is also teaming up with local authorities across the country to develop medium to large-scale permanent public dining…

Read More
12.05.2021

Moving to Ireland

Relocating to Ireland? Moving to Ireland as a Secondee: Talk to an expert in Cooney Carey well in advance of your move to ensure that you benefit from relevant tax saving opportunities. Ireland is recognised as having a very favourable corporate tax regime. However tax rates applying to individuals are among the highest in Europe…

Read More