Ecovis DCA

At Ecovis DCA, we understand that volatile markets and scaremongering articles can cause a great deal of tension and concern. With constant shifts in political landscapes, economic policies, and global uncertainties, the temptation to make sudden portfolio changes can be incredibly strong for business owners. However, here at EcovisDCA we firmly believe that time in the market consistently outperforms attempts to time the market, and that long-term investments stand the test of time, and reduce the stress of trying to utilise the financial crystal ball.

Time, Not Timing: A Smarter Approach to Long-Term Investment - ECOVIS DCA At Ecovis DCA, we understand that volatile markets and scaremongering articles can cause a great deal of tension and concern. With constant shifts in political landscapes, economic policies, and global uncertainties, the temptation to make sudden portfolio changes can be incredibly strong for busine...

A new online reporting tool designed to catch tax evaders has led to a drastic rise in whistleblower reports from workers across Ireland.

Surge in Whistleblower Reports as Revenue’s New Online Tool Boosts Tax Compliance - ECOVIS DCA A new online reporting tool designed to catch tax evaders has led to a drastic rise in whistleblower reports from workers across Ireland. According to Revenue’s latest Protected Disclosures Annual Report, there were 171 protected disclosures in 2024, a jump from just 31 the previous year. These re...

In today’s dynamic economic landscape, and with the ever-increasing cost of living many individuals in Ireland are embracing side hustles to supplement their primary income. While these ventures offer financial flexibility, it’s crucial to understand and fulfil the associated tax obligations to ensure compliance and avoid penalties.

Navigating Tax Obligations for Side Hustles: A Guide for Irish Entrepreneurs - ECOVIS DCA In today’s dynamic economic landscape, and with the ever-increasing cost of living many individuals in Ireland are embracing side hustles to supplement their primary income. While these ventures offer financial flexibility, it’s crucial to understand and fulfil the associated tax obligations to ...

There are several tax-efficient options for a director to extract cash from a company. The best option depends on the director's personal circumstances, the company's financial position, and the purpose of the cash extraction.

Tax-Efficient Ways for Directors to Extract Cash from a Company - ECOVIS DCA There are several tax-efficient options for a director to extract cash from a company. The best option depends on the director’s personal circumstances, the company’s financial position, and the purpose of the cash extraction. Below are the most common and tax-efficient methods: Salary or Bonus ...

As we step further into 2025, the Irish tax and Revenue landscape continues to evolve, reflecting the dynamic nature of our economy. Here at EcovisDCA, we believe it’s crucial for businesses and individuals to stay informed about these changes to navigate the financial terrain. To effectively prepare for the changes in the Irish tax and revenue landscape in 2025, businesses can take several proactive steps...

Navigating the 2025 Irish Tax Landscape: Key Strategies for Businesses and Individuals - ECOVIS DCA As we step further into 2025, the Irish tax and Revenue landscape continues to evolve, reflecting the dynamic nature of our economy. Here at EcovisDCA, we believe it’s crucial for businesses and individuals to stay informed about these changes to navigate the financial terrain. To effectively prep...

Here at ECOVIS DCA, we would like to thank all our clients for partnering with us in 2024, and we look forward to continuing our success together in the year ahead.

Wishing you all a very Happy Christmas and a prosperous 2025 for you and your business!

Please note, we will be closing for the holidays on Friday, the 20th of December, and reopening on Thursday, the 2nd of January 2025.

Amendments in Finance Act 2024 further extend the tax relief available for start-up companies. This relief is for qualifying new businesses, specifically in the companies first five years of trading, provided the corporation tax liability is under €40,000 in those first few trading years.

Amendments in Finance Act 2024 further extend the tax relief available for start-up companies. - ECOVIS DCA Amendments in Finance Act 2024 further extend the tax relief available for start-up companies. This relief is for qualifying new businesses, specifically in the companies first five years of trading, provided the corporation tax liability is under €40,000 in those first few trading years. Key poin...

The long-awaited pension auto-enrolment scheme for workers is finally set to launch on 30 September 2025.

Pension auto-enrolment to commence 30 September 2025 - ECOVIS DCA The long-awaited pension auto-enrolment scheme for workers is finally set to launch on 30 September 2025. This date was confirmed by Social Protection Minister Heather Humphreys as part of Budget 2025. In the recent Budget, it was announced that Finance Bill 2024 will provide for the taxation of the...

The income tax return filing deadline is fast approaching! While the normal filing date is October 31, 2024, you have until November 14, 2024, if you file and make the appropriate payment through ROS

Don’t Miss the Income Tax Return Deadline! - ECOVIS DCA The income tax return filing deadline is fast approaching! While the normal filing date is October 31, 2024, you have until November 14, 2024, if you file and make the appropriate payment through ROS. This extension applies to: Income tax liability balance due for 2023. Preliminary income tax due fo...

For businesses investing in innovation and research, the R&D tax credit can be a game-changer. Whether you’re developing new products, experimenting with cutting-edge technologies, or improving existing processes, this credit offers a valuable opportunity to reduce your tax burden and reinvest in your growth.

Unlocking the Benefits of the R&D Tax Credit: Key Updates for 2024 - ECOVIS DCA For businesses investing in innovation and research, the R&D tax credit can be a game-changer. Whether you’re developing new products, experimenting with cutting-edge technologies, or improving existing processes, this credit offers a valuable opportunity to reduce your tax burden and reinvest in ...

In September 2023, Ireland’s Minister for Finance, Michael McGrath T.D., announced an intention to introduce a participation exemption for foreign dividends in Finance Bill 2024. This change aims to streamline the tax landscape in Ireland and is due to come into effect on January 1st, 2025. As the Department of Finance seeks feedback, it’s crucial for businesses to understand the implications of the Proposal and how it could impact international trade.

Here at EcovisDCA, we have analysed the key elements of the proposal and believe that there are several areas that need consideration by interested companies.

Participation exemption for Foreign Dividends - ECOVIS DCA In September 2023, Ireland’s Minister for Finance, Michael McGrath T.D., announced an intention to introduce a participation exemption for foreign dividends in Finance Bill 2024. This change aims to streamline the tax landscape in Ireland and is due to come into effect on January 1st, 2025. As the...

Budget 2025 – Key Updates

It’s that magical time of year again. No, not quite Christmas and something sometimes scarier than Halloween. The 1st of October saw the announcement of Budget 2025 by Minister for Finance Jack Chambers.

Here we will explore the main points of interest to you and your business. Whilst there was talk of this Budget being one of the most “pro-business” in years, there was sadly not a vast amount to speak of in terms of businesses.

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