Insights

Keep up to date with insights, best practices, news publications and press releases from Crowleys DFK.

New Angel Investor Relief for Ireland

New Angel Investor Relief for Ireland

Finance (No. 2) Act 2023 introduced a new Capital Gains Tax (CGT) relief, “Relief for Investment in Innovative Enterprises” or “Angel Investor Relief”. Angel Investor Relief will allow angel investors to avail of an effective reduced…
Read more
Framework Agreement on Cross-border Telework

Global Mobility Social Security Update: Framework Agreement on Cross-border Telework

,
Since the COVID-19 pandemic, there has been a significant shift in the way people work, with many employers now operating a hybrid approach to working. Cross-border teleworking can bring a lot of risks and challenges to both employees and…
Read more
Increased Size Thresholds to Assist Irish SMEs with Audit & Reporting Requirements

Increased Size Thresholds to Assist Irish SMEs with Audit & Reporting Requirements

,
The European Union (Adjustments of Size Criteria for Certain Companies and Groups) Regulations 2024 were signed into law, increasing the balance sheet and turnover thresholds for “micro”, “small”, “medium” and “large” companies…
Read more
Close Relative Loans – New Capital Acquisitions Tax (CAT) Reporting Requirements

Close Relative Loans – New Capital Acquisitions Tax (CAT) Reporting Requirements

,
With effect from 1 January 2024, a new mandatory Capital Acquisitions Tax (CAT) reporting obligation is imposed on the recipients of certain loans from close relatives. This applies irrespective of whether any tax is due or not and is applicable…
Read more
Crowleys DFK Celebrates New Partner Appointments

Crowleys DFK Celebrates New Partner Appointments

Crowleys DFK is delighted to introduce its newest Partners, Shane Moloney from our Consulting Department and Kim McCarthy from our Practice Development Department. Since Shane joined the firm as an intern in 2011, he has led technology…
Read more
R&D Tax Credit

Research & Development (R&D) Tax Credit – What is it and how can it be claimed?

,
The R&D tax credit was introduced to incentivise large multinationals to locate an R&D unit here and to encourage Irish companies to invest in R&D activities. Where a company meets the criteria to qualify for the R&D credit,…
Read more
Revenue Publish Guidelines for Determining Employment Status for Taxation Purposes

Revenue Issue Updated Guidelines for Determining Employment Status for Taxation Purposes

Revenue have today issued a new Tax and Duty Manual: "Revenue Guidelines for Determining Employment Status for Taxation Purposes". The previous Manual was taken offline to be updated after the October 2023 Supreme Court judgement in the…
Read more
Knowledge Development Box Update

Knowledge Development Box Update

, ,
The Knowledge Development Box was introduced by Finance Act 2015, for those companies whose accounting periods commence on or after 1 January 2016. This legislation will allow small and medium sized companies engaged in research and development…
Read more
Family Partnerships – Tax Efficient Estate Planning Structure for the Benefit of Family Members

Family Partnerships – Tax Efficient Estate Planning Structure for the Benefit of Family Members

, , ,
Family partnerships have become a tax efficient estate planning structure that allows parents to gift assets to their children while still retaining control, through their function as managing partner, of the investment of those assets. The…
Read more
Increased Cost of Business Grant

Increased Cost of Business Grant

,
As part of Budget 2024, the government signed off on a package of €257 million for the Increased Cost of Business (ICOB) Grant to support small and medium sized businesses. It is intended to contribute towards the risings costs faced by…
Read more
Crowleys DFK Nurtures Growth and Talent Through Recent Promotions

Crowleys DFK Nurtures Growth and Talent Through Recent Promotions

We are delighted to announce a series of exciting promotions within the firm. These promotions reflect our unwavering commitment to recognising and nurturing talent and mark a significant milestone in the career path of each team member. Meet…
Read more
CGT Retirement Relief

Changes to CGT Retirement Relief for Individuals

,
Retirement Relief provides relief from CGT on the disposal of trading assets or shares in trading companies. To qualify for this relief, the main conditions are that the individual must be aged 55 or over and must be disposing of or transferring…
Read more