News

Family Business Breakfast Seminar

PKF-FPM and Newry Chamber would like to invite you to the Family Business Breakfast seminar on Tuesday 1st December at 7.45am in the Canal Court Hotel, Newry. 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 ...

Lifetime Achievement Award for Contribution to Louth, Sponored by Dundalk Chamber

PKF-FPM Director Michael Farrell, Treasurer of Dundalk Chamber of Commerce presenting a lifetime achievement award to Tom McGuinness of Horseware at the Dundalk Chamber Annual Awards night in the Carrickdale Hotel on Saturday night.  Picture in the photo is Michael Gaynor, President of Dundalk Chamber of Commerce, David Minto (accepting the award on behalf of Tom McGuinness and Michael Farrell Treasurer of Dundalk Chamber of ...

Regional Development Centre launches a Competitive Prize fund for Entrepreneurs

The Regional Development Centre (RDC) at Dundalk Institute of Technology, a campus based innovation and business incubation centre, announces a competitive prize fund sponsored by AIB, PKF-FPM Accountants Limited (PKF-FPM) and the RDC totalling a value of €13,000 targeted to its Enterprise Ireland funded New Frontiers Programme Phase 3 participants. Commenting on this initiative, Aidan Browne, Incubation Centre Manager at the RDC, has said: “We are very ...

Finance Minister Arlene Foster MLA meets John Sim, World CEO of PKF International at Stormont Castle.

PKF International is one of the largest global accountancy networks with aggregate fee income of $2.7billion from 300 members firms in 125 countries. Mr Sim, along with his wife Pattra, was visiting leading member firm PKF-FPM.   Pictured in the photo is Pattra Sim, John Sim, Minister for Finance, Arlene Foster MLA and Feargal McCormack, Managing Director of PKF-FPM.

Dundalk-based Blueacre lands €4.5m EU H2020 project

Blueacre Technology has just secured a role in a €4.5m EU research project developing next-generation surgical devices with eight other companies from Europe. Openmind – part of H2020 – is the name of the new EU-funded project, with Dundalk-based Blueacre initially starting on the development of guide wires, which play a role in minimally invasive surgical procedures. Guide wires can be used in cardiac interventions, with stenting ...

New Research and Development tax relief plan with ‘advance assurance’ to boost SME usage.

Question. I own a small company and I think I may be carrying out product and process improvements that may qualify as Research and Development for tax relief purposes. How can I find out whether my product development meets the necessary conditions? Answer, Entrepreneurs and small company business owners are faced with many uncertainties and issues they need to address in order to ensure their company is able ...

PKF-FPM Optimistic We Can Get Director Michael Farrell Released on Bail on Saturday!!!

Michael is spending the night in Crumlin Road Gaol on Friday 5th November 2015 for ‘cooking the books’, of course we know this is not true and are hoping everyone will get behind us to have Michael released.  Hopefully we will have Michael back in the office bright and breezy on Monday morning. Please free feel to donate at: http://www.downgaa.net/jail-break  

Tax savings of operating my property rental business through a company

Question. I own a portfolio of 12 properties and currently have outstanding loans on these. As a result of the recent changes to the tax deduction on loan interest and wear and tear allowance, I am considering incorporating my rental property business, is this something that you would advise a landlord to do? Answer. Due to the recent changes announced by HMRC relating to the tax deductibility of ...

Don’t be spooked by the 31 October tax return deadline

Question. As a small business owner, I have read that my tax return for the year ended 5 April 2015 is due by 31 October. Is this correct? I thought I had until the end of January next year to submit my tax return. Answer. There are two ways to submit your tax return. You can either send a paper tax return to HMRC or submit your ...

Loans to directors – when is a repayment “taxable”?

  Question. I had a loan from my company which was outstanding at the end of the year and a dividend was approved at the AGM to clear my loan account. I also took further loans from the company after the year end and I have heard about the changes introduced in Finance Act 2013 which may impact the tax treatment of the repayment of these loans? Answer. It ...