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Parfrey Murphy
Chartered Accountants
Lee View House
South Terrace

T: +353 (0)21 4310266
July 2017
Our aim is to help businesses grow, to increase their profitability, improve their  cash  flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on   021 4310266  or email us at  if you wish to do business with us
By Mary Blyth

Unfortunately breaches of employment law can involve significant financial penalties.
Do you know that:
  1. The Unfair Dismissals Act 1977 allows for compensation of up to 104 weeks remuneration in respect of the financial loss due to an unfair dismissal.
  2. The Terms of Employment (Information) Act  1994 allows for up to 4 weeks remuneration by way of compensation for failure to provide a written statement   of terms and conditions of employment within 2 months of starting employment.
  3. The Organisation of Working Time Act 1997 requires the employer to pay to the employee compensation as is just and equitable but not exceeding 104 weeks remuneration in respect of the employees' employment for failure to comply with the Act.
The above are just some of the penalties that can give you nightmares.
And to make matters worse besides the potential statute penalties, an employee can seek further redress for common law claims through the legal system.
It is therefore advisable that you have a up to date written employment contract with all your employees to minimise your financial exposure in the event of any  breaches of employment law arising.
We can assist you if you require any help with employment contracts.
By Maria Fahy

The Companies (Accounting) Act 2017 which was commenced on 9 June 2017 introduced a new "micro" category of company and can be applied to financial years beginning 1st January 2015.
As micro-companies are in most instances owner-managed, statutory financial statements are not required to facilitate communication between the shareholders and the directors in the company. 

Seamus Parfrey
By Seamus Parfrey

The General Data Protection Regulation (GDPR) will come into force on the 25th May 2018, replacing the existing data protection framework under the EU Data Protection Directive.

As a regulation, it will not generally require transposition into Irish law (regulations have 'direct effect'), so organisations involved in data processing of any sort need to be aware the regulation addresses them directly in terms of the obligations it imposes. 
By Maria Fahy

The period between a missed annual return deadline with the Companies Registration Office and the commencement of strike off proceedings against out-of-date companies is to be reduced.
The current period of over 300 days will, over three months, be reduced to 200 days.

We can assist you if you require any help with bringing Annual Returns up to date with the Companies Registration Office.


By Claire Scannell

Deadline - 14 August 2017
  • P30 monthly return and payment for July 2017
Deadline- 14 August 2017
  • Return and payment for July 2017
Deadline- 14 August 2017
  • Return and payment for July 2017
Deadline - 19 August 2017
  • Annual VAT3 return and payment for the period from August 2016 to July 2017 together with the Return of Trading Details where the accounting period ends in July 2017 
Deadline- 23 August 2017
  • Return for July 2017
Deadline - 23 August 2017
  • Return and payment for July 2017                      
Deadline - 1 - 21 August 2017
Corporation Tax
  • Preliminary Tax for accounting periods ending between 1-30 September 2017
  • First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 28 February 2018
  • Returns for accounting periods ending between 1 - 30 November 2016
  • Pay balance of tax due on accounting periods ending between 1 - 30 November 2016
  • Returns of third party information for accounting periods ending between 1 - 30 November 2016
Where returns and payments for RCT, VAT, PAYE/PRSI and Corporation Tax are made electronically, the return and payment deadlines are the 23rd day of the month

Parfrey Murphy
+353 (0)21 4310266
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