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Accounts board - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

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Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

Can my company claim “audit exemption” ?

Can my company claim “audit exemption” ?

Conditions to be satisfied by a company to get Audit exemption In respect of the financial year concerned: The company must be a company to which the Companies (Amendment) Act 1986 applies i.e. a Private Limited Company; The amount of turnover of the company must not exceed €8.8 million; The balance sheet total of the…

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What is the two thirds rule ?

What is the two thirds rule ?

The two thirds rule applies to a transaction which at first sight appears to be the supply of a service may nevertheless be taxed as a supply of goods if the value of the goods supplied in carrying out the work exceeds two-thirds of the total charge. Therefore, instead of 13.5% applying 23% applies to the…

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What is return on capital employed ?

What is return on capital employed ?

Return on capital employed or ROCE is a profitability ratio that measures how efficiently a company can generate profits from its capital employed by comparing net operating profit to capital employed. In other words, return on capital employed shows investors how many euros in profits each euro of capital employed generates. This ratio is based on two…

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