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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
October 
2018
 
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
EY Entrepreneurs of the Year 2018

Congratulations to Peter Coppinger and Dan Mackey who have won this year's EY Entrepreneur of the Year Award due to the success of their technology company Teamwork. Based in Cork they create SAAS business management applications to make teams more "efficient, organised and happy" and currently employ more than 200 people servicing 22,000 customers in nearly every country in the world.


DRUCKER'S PRICING SINS  

Seamus Parfrey
I n his book Managing in a Time of Great Change Peter Drucker writes on the five deadly business sins - avoidable mistakes that will harm the mightiest business. 

The first and the most common sin is the worship of high margins and of premium pricing as it always creates a market for competitors. And high profit margins do not equal maximum profits. Total profit is profit margin multiplied by turnover. Maximum profit is thus obtained by the profit margin that yields the largest total profit flow and that is usually the profit margin that produces optimum market standing. 


TAX DEADLINES & REMINDERS
By Claire Scannell

Deadline -  01 November 2018
LPT
  • Liability (Ownership) date for 2019 

Deadline - 14 November 2018
PAYE/PRSI
  • P30 monthly return and payment for October 2018
Deadline - 14 November 2018
PSWT
  • Return and payment for October 2018
Deadline - 14 November 2018
DWT
  • Return and payment for October 2018
Deadline - 19 November 2018
VAT
  • Annual VAT 3 return and payment for the period  November 2017 - October 2018, together with the Return of Trading Details where the accounting period ends in October
  • Bi-Monthly VAT 3 return and payment for period September - October  2018 together with the Return of Trading Details where the accounting period ends between 1 September and 31 October
  • Monthly VAT 3 return and payment (if due) for the period October together with a Return of Trading Details where the accounting period ends in October 

Deadline - 23 November 2018
RCT 
  • Monthly return and payment for October 2018 
Deadline - 23 November 2018
VIES 
  • Monthly return for October  2018  
Deadline - 14 November 2018
Income Tax 
  • Extension of File & Pay deadline Preliminary Tax 2018  
  • Extension of Pay & File Deadline Pay balance of 2017 tax liability
  • Extension of Pay & File Deadline Return of income for 2017 
 
 
Deadline - 1 - 21 November  2018
Corporation Tax
  • Preliminary Tax for accounting periods ending between 1-31 December 2018
  • First instalment of preliminary tax for "Large Companies" with a financial year ending between 1 - 31  May 2019
  • Returns for accounting periods ending between 1 - 28 February 2018
  • Pay balance of tax due on accounting periods ending between 1 - 28 February 2018
  • Returns of third party information for accounting periods ending between 1 - 28 February 2018
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



Parfrey Murphy
+353 (0)21 4310266
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