The world is at war with an invisible enemy – the unruly COVID-19. Nations are counting bodies and economies are shrinking. How best could any government contain this deteriorating situation?
Every business has employees who receive payment of the services they have rendered during a cyclic period ranging from an hour to a calendar year. Therefore, it's essential for an entity to keep a database of the employees’ salaries. This system is known as a payroll.
A payroll can either be executed as part of the entity's Labour expenses or outsourced as an indirect overhead to the firm. Regardless of whether the payroll is run in the entity or by payroll specialists outside the firm, it is very important to have basic knowledge of how to operate a payroll.
The Republic of Ireland was recently ranked 7th by IMD business school based in Lausanne, Switzerland from a pool of 63 competitive nations well-known for business. This was an upsurge of five places after declining to 12th in the 2018 rankings. The chief cause of this decline was the Brexit issue.
It is permissible for a company registered in Ireland to change its name if the authorising stakeholders deem it necessary. It also hinges on the Registrar of Companies, which is responsible for endorsing their written request. Typically, such a process requires 2 to 3 days to complete.
Companies that have just undergone registration and sole traders who have incorporated an entity with an already demonstrated market presence can consult with company formation consultants and legal practitioners for assistance on additional services that they can potentially benefit from post registration. These consultants can help you avoid wasting time pursuing corporate duties and instead assist in channeling your time towards investment in other lucrative business ventures.
Capital Acquisition tax in Ireland includes both gift tax and inheritance tax. The tax is chargeable on inheritance or gifts—and all properties located within Ireland. It is also applicable where the giver or receiver is resident in Ireland for tax purposes even if the property concerned is not in Ireland.
