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Exciting Job Opportunity Available

About Us PKF-FPM Accountants Limited, with offices in Newry, Dundalk, Belfast, Mallusk and Dungannon, and specialising in a broad range of chartered accountancy and business consultancy services is a leading service provider in Ireland. In April 2016, PKF-FPM were announced winner of the Employer of the Year Award at the Irish Accountancy Awards in Dublin. The firm is now uniquely the Irish and British Accountancy Employer ...

Wrong code warning for SDLT for buy-to-let purchases

Code 04 must be used when the purchase of a residential property results in owning more than one residential property. Code 01 is for residential properties but does not include additional properties. When code 04 is used the HMRC system will automatically calculate the tax due at the higher rates. If the new property is a replacement for a main residence but this has not yet ...

The falling rates of capital gains tax

Question. The Budget in March announced the reduction in the rate of tax payable on capital gains. What are these new rules and rates and do they apply to all assets? Answer. Capital Gains Tax (CGT) is a tax on the profit when you sell or dispose of an asset that has increased in value. It is the gain you make that is taxed, not the ...

Cross Border Breakfast Seminar

Join us at this Breakfast Seminar to learn some Practical Tips for Successful Cross Border trading & Maximising the Island economy on Wednesday 8th June 2016 at The Quays – Omniplex, Newry at 8am. The seminar will be of interest to any company that is trading or considering trading on an All Island basis. It will give businesses an insight into the value of the Island Economy ...

Family Business Succession Seminar

PKF-FPM and MLN would like to invite you to the Family Business Succession Breakfast seminar on Thursday 26 May 2016 at 8.00am in the Glanavon House Hotel, Cookstown. Our Managing Director, Feargal McCormack will deliver the presentation which promises to be an insightful look not only at family businesses but the DNA and culture that is in place in successful growth businesses. It is recognised that Succession ...

PLATO EBR Training: Financial Management

This practical half-day financial management session on 10th May 2016 in Creative Spark, Dundalk seeks to provide attendees with an understanding of the principles of good financial management. Business owners must be financially pro-active not only in order to drive profits but to manage savvy staff and financial advisors! The training will take account of costing and pricing techniques and defining margins.  This training session will ...

Overdrawn directors accounts will now cost 32.5%

Question. I am considering using money from my own company to build up a personal share portfolio. It is my intention to pay the company back from profits I make on the stock market. Rather than take additional dividends or salary I might borrow the money from my company. What are the tax implications? Answer. A director’s loan account is simply an account in the balance sheet ...

In you I trust!

Question: I have built up considerable wealth and I am keen to pass this wealth on to my family but retain some control over the assets. Should I be considering using trusts and what are the tax implications? Answer: Trusts can be used in a variety of situations both to save tax and also to achieve other benefits for the family. Particular benefits include: if you ...

PKF-FPM Win Employer of the Year Award at the Irish Accountancy Awards 2016

Leading island based accountancy practice PKF-FPM Accountants won the Best Employer Award at the prestigious Irish Accountancy Awards Gala Banquet Ceremony which took place last night, 21 April 2016 at the Ballsbridge Hotel in Dublin. The Awards Ceremony, hosted by Richard Curran, Editor, The Sunday Business Post, attracted a very influential audience, including high profile leaders from the Irish business and accountancy sectors. As a result ...

Property investment – The Tax Minefield.

Question.  I run my own engineering company and I am considering buying property but I am not sure if I should do this personally or through my company. What are the main tax factors that I should be considering when making my investment decision? Answer. Investment in property has been and continues to be a popular form of investment by many people. An initial decision needs to be made ...