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We are currently fundraising for our first section 481 project of the year, Ros na Run Series 17. All of the previous 16 series have been delivered and accepted and the section 481 investors received their expected returns.
The December Budget speech has been welcomed as broadly business supportive, with many in the financial services sector reflecting positively, in particular, on the Special Assignee Relief Programme. Additional announcements are expected in the Finance Bill in the areas of Funds, Corporate Treasury, international Insurance and Aircraft Leasing and we hope to see the Minister follow through on his highlighting of these sectors on Budget day.
Mazars expects more companies to seek external funding in 2012.
In accordance with the Code of Practice for the Governance of State Bodies(2009), the Board of a State body is responsible for its system of internal control and should review annually the effectiveness of this system.
We can all remember that great children’s’ party game musical chairs. There was laughter, fun, music and high spirits followed by chaos and panic when the music stopped.
Detailed list of Mazars NAMA properties
Two-thirds of technology firms in Ireland are seeking to hire new staff members in 2011 according to a new study by Mazars R&D Tax Group but companies may not be fully utilising R&D tax credit incentives that may be used to hire additional Key employees.
The Household Charge is an annual charge introduced by the Local Government (Household Charge) Act 2011 which is payable by owners of residential property. The household charge is an interim measure pending the introduction of a full property tax.
The Taoiseach in launching the Government’s IFSC strategy 2011-2016, sets out plans for the future development of the IFSC with the goal of creating 10,000 jobs over the next 5 years. The commitment to the 12.5% rate was reiterated. The sector’s resilience through the financial crisis was highlighted as was the 400% growth in employment in the sector, the €700 million contributed in payroll taxes, and the €1.4 billion contribution to the overall corporation tax take.
Question: I recently won the US green card lottery and would like to work in that country, but I have concerns about the tax implications. I am a self employed computer programmer and I make my living selling software. As a green card holder, I think I would be tax-resident in the US from the moment I entered the country, and would need to pay taxes there. Would I be taxed twice on the same income in both Ireland and the US?
By 2013 Ireland will have a new legal framework for small firms. What it needs is a new tax regime as well. Read more on new Companies Bill.
Over 100 small businesses attended a free seminar in Dublin this morning, hosted by the Small Firms Association, in conjunction with Mazars, on the R&D tax credit system.
Mazars, one of the leading firms in film funding in Ireland, is delighted to sponsor the opening film at the 2011 Galway Film Fleadh.
On 10 May, 2011, the Minister for Finance presented the Government Jobs Initiative strategy to the Dáil. This contains a number of measures designed to promote job creation and increase tax revenues. While this initiative is welcome and a positive step, it is to be regretted that the Government has sought to obtain funding for this adopted strategy by way of a levy on pension schemes. Details of the proposals are set out below.
Mazars welcome recent comment from Richard Bruton, Minister for Enterprise, Jobs & innovation, on his department’s plans to extend and improve tax legislative support to SME size Irish companies engaged in R&D activities.