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March 2020 E-Newsletter
In this issue:
Home Working



Health Coping Strategies And Sick Pay For Coronavirus


Setting Up An Irish Limited Partnership

How To Apply For A Real And Continuous Link With Revenue And The CRO

Tax Deadlines And Reminders


HOME WORKING
By Seamus Parfrey

Following on from Government action on the coronavirus threat we will be working from home for the foreseeable future.

This should not impact in any way on the services we provide to our clients as we all have full remote access to our server.

However we will have minimum staff in the office so do continue to email and call us on 021 4310266.

Needless to say our health is number 1 so do not take any unnecessary risks – paranoia is good is my new motto.
Seamus Parfrey
HEALTH COPING STRATEGIES AND SICK PAY FOR CORONAVIRUS
By Noel Murphy

By now, you will be aware of the coronavirus outbreak. This alert does not offer tips for avoiding this illness, instead, it provides information and coping strategies for the owners of small businesses.
SETTING UP AN IRISH LIMITED PARTNERSHIP
By Seamus Parfrey

The Limited Partnerships Act 1907 regulates partnerships in which some members have limited liability for the debts of the partnership as their liability is limited to the extent of the amount of capital contributed by them to the partnership.
HOW TO APPLY FOR A REAL AND CONTINUOUS LINK WITH REVENUE AND CRO
By Seamus Parfrey

The Companies Act 2014 requires all Irish registered companies to have a Director who is “resident” in the EEA.
TAX DEADLINES AND REMINDER
By Una Beecher

Deadline - 14 March 2020 
PAYE/PRSI
  • Monthly return and payment for February 2020


Deadline - 14 March 2020
PSWT
  • Return and payment for February 2020


Deadline - 14 March 2020
DWT
  • Return and payment for February 2020


Deadline - 19 March 2020
VAT
  • Annual VAT 3 return and payment for the period March 2019 - February 2020, together with the Return of Trading Details where the accounting period ends in February  
  • Monthly VAT 3 return and payment for February 2020, together with the Return of Trading Details where the accounting period ends in February
  • Bi-Monthly VAT 3 return and payment for the period January - February 2020, together with the Return of Trading Details where the accounting period ends between the 1st January and the 29th February

Deadline - 21 March 2020
LPT
  • Single Debit Authority deduction from bank account

Deadline - 23 March 2020
RCT 
  • Return and payment for February 2020 


 Deadline - 31 March 2020
Income Tax 
  • Deadline for claiming Separate Assessment for 2020
  • Deadline for nominating Assessable Spouse or Nominated Civil Partner for 2020
  • Return of Share Options and other Rights for 2019
  • Return of Information by the Trustees of an Approved Profit Sharing Scheme for 2019
  • Return of Information of an Approved Savings Related Share Option Scheme for 2019 
  • Return of Information of an Approved Employee Share Ownership Trust for 2019 


Deadline - 1 - 21 March 2020
Corporation Tax
  • Preliminary Tax for accounting periods ending between 1 - 31 April 2020  
  • First instalment of preliminary tax for "Large Companies" with a financial year ending between 1 - 30 September 2020
  • Returns for accounting periods ending between 1 - 30 June 2019
  • Pay balance of tax due on accounting periods ending between 1 - 30 June 2019
  • Returns of third party information for accounting periods ending between 1 - 30 June 2019

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 where relevant
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 on pm@parfreymurphy.ie if you wish to do business with us