News

Border a Major Divide on Pay for Business Owners

Please see below article which appeared in Tuesday’s Irish Times regarding differences in taxation North and South of the Border on businesses and employees which features PKF-FPM’s Paddy Harty and Desi Foley. If after reading this article if you have any queries please contact our office on +353429388898 or +4428 30261010. “With the Irish budget announced and the UK Autumn Statement looming, tax policy makes it worthwhile ...

Minimum Wage Explained

Question. I have recently started my own business and will shortly need to employ two or three full-time and part-time employees. Can you advise what the current minimum hourly rate of pay is and the conditions attached to the payment of this? Answer: All employees working in the UK are legally entitled to be paid the National Minimum Wage (NMW) by law. It does not matter how small ...

PKF International head: We have struck a nugget in FPM link-up

World CEO of PKF International, John Sim’s recent visit to Belfast, is featured in this morning’s Irish News newspaper, where John Sim states: “we have struck a nugget in FPM link-up”

Invest In New Assets

Question. My business needs to invest in new plant and machinery in the coming year. However, we cannot decide whether to buy, hire purchase or finance lease the new assets. How does the tax treatment for each type of asset acquisition differ? Answer. Outright purchase is often regarded as the simplest method of acquiring an asset. When acquired, the cost of the asset is capitalised in the balance ...

Don’t Let Debt Put A Dent On Your Business

Question. I have a number of large outstanding tax liabilities which are very overdue. I have tried to agree a repayment plan with HMRC however it hasn’t been accepted. The business is doing quite well however we have severe cash-flow problems due to poor recovery of debts. Are there any ways I can improve my debt collections which might in turn help me pay my outstanding ...

PKF-FPM are seeking consultants to join our Business Advisory Team

PKF-FPM are currently seeking consultants to join our business advisory team; opportunities are currently available for both short term, interim management or longer term assignments. If you are interested and have consultancy experience in any the following areas: Business Advisory Interim Management Accounting Compliance Corporate Governance Economic Appraisals Project and Programme Evaluations Project Management Strategic Planning Internal Audit Management Information Systems Please forward your CV to info@pkffpm.com

Get Your House In Order Both Sides Of The Border

Question. I live in Northern Ireland and have recently bought a house in the South of Ireland which I intend to rent out. I already submit a UK tax return, so should I declare the rental income from my investment property on my UK tax return or do I also have tax returns to file in the South of Ireland? Answer. Following the acquisition of your investment property ...