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Parfrey Murphy
Chartered Accountants
Lee View House
South Terrace
Cork
Ireland

T: +353 (0)21 4310266
E: [email protected]
E-Newsletter
December 2016
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  [email protected]  if you wish to do business with us
THE OTHER PERSON IS ALWAYS RIGHT
Always right about feelings.

About the day he just experienced.

About the fears (appropriate and ill-founded) in his life.

About the narrative going on, unspoken, in his head.

About what he likes and what he dislikes.

You'll need to travel to this place of 'right' before you have any chance at all of actual communication. 

Seth Godin recently blogged the above which is another take on the 'perception is reality' concept. 

And it makes enormous sense.


JOKE
John's wife comes home one day, car screeching into the driveway, and screams, "Guess what honey? Pack your bags, I won the lottery!"

John is so excited, and says, "That's great! Should I pack for the mountains or the beach?"

She says, "I don't care, just get the hell out!"

ACCRUAL OF ANNUAL LEAVE WHILE ON SICK LEAVE
By Noel Murphy

The Government in 2014 approved amendments to Sections 19, 20 and 23 of the Organisation of Working Time Act 1997 to bring the Act into line with rulings of the Court of Justice of the European Union in relation to the accrual of annual leave entitlement during sick leave. 

CAPITAL ACQUISITIONS TAX UPDATE DECEMBER 2016
By Seamus Parfrey

Capital Acquisitions Tax (CAT) comprises an Inheritance tax charged on taxable inheritances taken and a gift tax charged on taxable gifts taken.

Very simply an inheritance is a gratuitous benefit taken on a death and a gift is a gratuitous benefit taken otherwise than on a death.
The tax is currently charged at 33% on the taxable value of the gift or inheritance above the appropriate threshold. 
SUBSISTENCE RATES FROM 1 JULY 2015
Seamus Parfrey
By Seamus Parfrey
 
Distance restrictions were introduced from July 2015.


TAX DEADLINES & REMINDERS
By Aoife Ní Dhubhghaill

Deadline - 14 December 2016
PAYE/PRSI
  • P30 monthly return and payment for November 2016

Deadline - 14 December 2016
DWT
  • Return and payment for November 2016  

Deadline - 23 December 2016
RCT
  • Return and payment for November 2016                                                  

     

Deadline - 1 - 21 December 2016
Corporation Tax
  • Preliminary Tax for accounting periods ending between 1-31 January 2017
  • First installment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31 May 2017
  • Returns for accounting periods ending between 1 - 31 March 2016
  • Pay balance of tax due on accounting periods ending between 1 - 31 March 2016
  • Returns of third party information for accounting periods ending between 1 - March 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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