BEWARE of making inter family loans, without backup documentation, (loan agreements/written agreements/whatsApp messages), as the Irish Revenue may treat these loans as GIFTS and then tax applies

RMcH states: a lot can be learned about Irish Revenue practice, during revenue audits /interventions, if we examine the cases before the tax appeal Commissioners (TALC), The case below relates Claiming cash withdrawals are family loans, It’s worth a read. This month,...

CRO start striking off Companies again

RMcH states: after a five-year pause, involuntary strike-offs by the CRO (Companies Registration Office) are returning, and with June Annual Returns approaching, now is a practical time to review to act on companies that could be closed out properly.If any you have...

Tax Clearance expiry reminder for 4-year applicants

RMcH states: An electronic tax clearance certificate (eTC) typically remains valid for four years, provided the taxpayer continues to meet all its tax compliance obligations. Once the four‑year period ends, a new application must be submitted. Grants and certain...

Research and Development Tax Credit 2025 review published

RMcH states: This article shows the benefits to the Exchequer, in the long term, of the R&D tax credit system, Remember if you’re carrying any type of innovation within your business, the cost of this innovation may qualify for the 30%, SME rate of R& D tax...
Rothwell Mc Hugh Accountants
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