Crowleys DFK boosts its leadership team

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Crowleys DFK is delighted to announce senior promotions in our Tax, Public Sector and Practice Development Departments.

The partnership will be enhanced with the promotion of Siobhán O’Hea to Tax Partner

Pictured (l-r): Siobhán O’Hea, Partner Tax Services and Edward Murphy, Partner and Head of Tax Services

A highly-experienced tax practitioner, Siobhán has over 12 years’ experience in the areas of corporate tax compliance and planning, business re-structuring and the taxation of international businesses operating in Ireland. With specialist knowledge of all aspects of VAT-related taxes, Siobhán has particular expertise in domestic, cross border and e-commerce VAT as well as VAT on property.

According to Edward Murphy, Partner and Head of Tax Services, “Siobhán is a great addition to our partner group.  Her promotion further strengthens our tax practice across a range of sectors and markets. I see an exciting future ahead for our Tax Department.”

 

David Coombes is promoted to Director of the firm’s Public Sector Department

Pictured (l-r): David Coombes, Director Public Sector Services and Vincent Teo, Partner and Head of Public Sector Services

David joined the firm in 2006 and has extensive experience leading public sector financial and business advisory assignments in areas such as financial reporting framework implementation, management information system design, strategic finance support, risk management and governance compliance.

According to Vincent Teo, Partner and Head of the Public Sector Department, “David is highly regarded by our clients in the public sector for his exceptionally high standard of sector specific knowledge and expertise.  I look forward to working with David to broaden our value added solutions and help our clients navigate the increasing demands on financial reporting and internal control compliance requirements.

 

Kim McCarthy is promoted to Director and Head of Practice Development at the firm

Kim McCarthy, Director, Practice Development

A qualified marketing and business development professional, Kim has over 16 years’ experience working within the professional services and business-to-business sectors. She will be responsible for building and delivering the growth strategies of the firm.

She will lead a team of professionals who will support the partner group in building strong and trusted client relationships through innovative business development and marketing programmes.

“Kim has played a central role in the growth and expansion the firm has experienced in recent years.  We are excited about the new initiatives Kim and her team are conducting this year aimed at strengthening our presence and growing our business in core sectors as well as developing new growth areas.” Managing Partner, James O’Connor stated.

James continued, “These new leadership appointments are very exciting for the firm. Not only will they help drive our continued growth in a changing marketplace, they are also richly deserved.  All three have played key roles in our growth, and they have demonstrated incredible commitment to the firm.  Well-deserved congratulations to Siobhán, David and Kim.”

 

 

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Changes to requirement to submit income tax returns

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A chargeable person is defined as a person who is chargeable to tax on that person’s own account or on another person’s account in respect of a chargeable period.

There is an exception to this definition in which some conditions must be met. It is these conditions that from today, 19 May 2017, Revenue have amended and the amendments as outlined below will be applicable from 2016 onwards.

The exception to a “chargeable person” definition is that an individual is not a chargeable person for a tax year where, for that year, they were in receipt of:

  • PAYE income only, or
  • PAYE income and non-PAYE income (rent or investment income…etc) where the total non-PAYE income assessable to tax-
    • does not exceed €5,000 (this was previously €3,174 for 2015 and previous years), and
    • is taken into account in determining the individual’s tax credits and standard rate cut-off point or is taxed at source under section 261 TCA 1997, i.e. deposit interest subject to D.I.R.T.

Revenue may take account of an individual’s gross income from non-PAYE sources in considering whether non-PAYE income should be taxed under the PAYE system.

In this regard, an individual whose gross non-PAYE income from all sources exceeds €30,000 (this was previously €50,000 for 2015 and previous years) is regarded as a chargeable person notwithstanding that his or her assessable income from non-PAYE sources does not exceed €5,000 (this was previously €3,174 for 2015 and previous years).

The exception to this rule is that this does not apply to directors of trading companies or to their jointly assessed spouses or civil partners.

In the case of married couples or civil partners who are jointly assessed, the income thresholds are applied to the joint non-PAYE income of both spouses or civil partners. In the case of married couples or civil partners who opt for separate assessment or single treatment, the thresholds are applied separately to each spouse or civil partner.

Note: An individual whose non-PAYE income (rent or investment income…etc) is nil due to an allowance which reduces his or her taxable profits to zero is a chargeable person, as nil profits cannot be taxed through the PAYE system.

For more information, please contact us.

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Tax Relief for Assistance Dogs

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Tax relief at 20% has now been made available by the Revenue Commissioners in respect of Assistance Dogs which are supplied and trained by an organisation accredited by Assistance Dogs Europe (ADEu). Assistance Dogs Europe (ADEu) are the European chapter of Assistance Dogs International (ADI), a worldwide coalition of non-profit programmes that train and place Assistance Dogs. The tax relief may be claimed in the following two situations:

Blind Person’s Guide Dog

Where a blind person maintains a trained guide dog, supplied by an organisation accredited by the Irish Guide Dog Association, an agreed sum of €825 may be claimed as a health expense by that person (i.e. total tax credit of €165).

For an individual to be eligible to claim this relief they must be entitled to the Blind Person’s Tax Credit and provide written confirmation from the Irish Guide Dogs Association that he/she is the registered owner of a trained dog.

A letter from the organisation which supplied the dogs confirming that the claimant is the registered owner of a guide dog should be submitted with the first claim and the relief will be granted for each year thereafter during which the person maintains the dog.

Assistance Dogs for Disabled Individuals including Children with Autism

If a person maintains a trained Assistance Dog, a sum of €825 may be claimed as a health expense by that person (i.e. total tax credit of €165).

To qualify for this relief an individual must prove that he/ she maintains a trained dog which has been supplied by an organisation accredited by the Assistance Dogs Europe. A statement from the organisation which supplied the dog will be sufficient for the first claim and the relief may be granted each year thereafter during which the individual maintains the dog.

Assistance dogs are trained to meet specific needs of their owner which can include the following:

  • Help their owner stand and walk by providing a stable base and forward motion
  • Provide warning of an approaching seizure or a fall in blood sugar levels, to allow the owner to take preventive action
  • Alert a deaf owner to a variety of sounds
  • Help a person dress/undress
  • Bark to raise the alarm in an emergency e.g. in the case of a fall/seizure
  • Retrieve items such as telephone/keys/a bag
  • Help the person/child to get out and about more easily and have a calming effect, especially for children
  • Detect danger or certain medical symptoms that the person may develop and give warning

For more information on the new tax relief available for Assistance Dogs, please contact Siobhán O’Hea, Partner in our Tax Services.

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