Revenue is phasing out the VAT Fixed Direct Debit scheme in June 2025, replacing it with a more efficient Variable Direct Debit system. Learn about key changes and what businesses need to do ahead of the transition.
Investment will finance acquisitions as Ecovis DCA seeks to challenge UK backed consolidators.
At Ecovis DCA, we understand that volatile markets and scaremongering articles can cause a great deal of tension and concern. With constant shifts in political landscapes, economic policies, and global uncertainties, the temptation to make sudden portfolio changes can be incredibly strong for business owners. However, here at EcovisDCA we firmly believe that time in […]
A new online reporting tool designed to catch tax evaders has led to a drastic rise in whistleblower reports from workers across Ireland. According to Revenue’s latest Protected Disclosures Annual Report, there were 171 protected disclosures in 2024, a jump from just 31 the previous year. These reports, made by employees, have surged since the […]
There are several tax-efficient options for a director to extract cash from a company. The best option depends on the director’s personal circumstances, the company’s financial position, and the purpose of the cash extraction. Below are the most common and tax-efficient methods: Salary or Bonus Dividends Pension Contributions Directors Loan Termination Payments Share Buyback Liquidation […]
As we step further into 2025, the Irish tax and Revenue landscape continues to evolve, reflecting the dynamic nature of our economy. Here at EcovisDCA, we believe it’s crucial for businesses and individuals to stay informed about these changes to navigate the financial terrain. To effectively prepare for the changes in the Irish tax and […]
Here at ECOVIS DCA, we would like to thank all our clients for partnering with us in 2024, and we look forward to continuing our success together in the year ahead. Wishing you all a very Happy Christmas and a prosperous 2025 for you and your business! Please note, we will be closing for the […]
Amendments in Finance Act 2024 further extend the tax relief available for start-up companies. This relief is for qualifying new businesses, specifically in the companies first five years of trading, provided the corporation tax liability is under €40,000 in those first few trading years. Key points include: Extended PRSI Criteria: From the 1st of January […]
The long-awaited pension auto-enrolment scheme for workers is finally set to launch on 30 September 2025. This date was confirmed by Social Protection Minister Heather Humphreys as part of Budget 2025. In the recent Budget, it was announced that Finance Bill 2024 will provide for the taxation of the Automatic Enrolment Retirement Savings Scheme (referred […]
The income tax return filing deadline is fast approaching! While the normal filing date is October 31, 2024, you have until November 14, 2024, if you file and make the appropriate payment through ROS. This extension applies to: Income tax liability balance due for 2023. Preliminary income tax due for 2024 based on the 2023 […]
