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 pm@parfreymurphy.ie if you wish to do business with us
WILL YOUR ECOMMERCE SITE STILL BE ABLE TO TAKE PAYMENTS AFTER SEPTEMBER 14TH?
By Seamus Parfrey
You may have heard the ads on the radio or received emails from your payment processors about the new requirements for payments which will be mandatory after September 14th under the EU Payment Services Directive 2.
It is important that you act on this, as if you do not it is highly likely that customers will start experiencing problems paying online after September 14th, Just 10 weeks away now.
LOSS OF AUDIT EXEMPTION & DISTRICT COURT APPLICATION
By Noel Murphy
Changes introduced in the Companies (Statutory Audits) Act 2018 from 21 September 2018 mean that audit exemption is now lost for the following two years where an annual return is filed late and not in the current year.
So an annual return that has been submitted late does not lose any potential audit exemption for that year but will not be eligible for audit exemption for the following two years. Any late filing penalties must be discharged as usual to the CRO.
This change will avoid a costly and time-consuming audit if the financial statements have been already completed.
By Noel Murphy