Author Archives: Glen Hynes

On behalf of all of us here at Cronin & Company, we would like to wish you a very Merry Christmas and a prosperous New Year.   Our office hours over the Christmas period are as follows:   Offices will close on Thursday 23rd December. We will then re-open on Tuesday 4th January.

As Christmas approaches, you may be looking for a way to show your employees your appreciation of their hard work during the year.   Of course, cash bonuses would be welcome by most, but by the time taxes including PAYE, USC, and PRSI are deducted, the net sum will be significantly reduced.   However, there’s […]

What is Benefit in Kind? A Benefit in Kind (BIK) is a benefit that an employee receives that cannot be converted into cash but has a cash value. Examples include the provision of a company car, loans given at a special rate or provision of accommodation. Benefits (other than benefits-in-kind) would include vouchers, holidays, payment […]

What the wage subsidy scheme entails and how to know when to cease it. Businesses and individuals alike are finding their feet again after a tumultuous and uncertain two years, there is no doubt we are finally seeing the light at the end of the tunnel however there are still hurdles to overcome. One big […]

Are you a start up company in Ireland? If so, Cronin & Co would like to direct your attention to the National Startup Awards 2021.   WHAT IS THE NATIONAL START UP AWARDS? If you were previously unaware of the National Start Up Awards, it is a leading national award program for start up companies […]

When do you need forensic accounting and what does it entail?   What is forensic accounting? Forensic accountants may be hired if a business suspects theft, fraud, or embezzlement. This is a specialised form of accounting conducted by an expert in a particular field. A forensic accountant may even testify in court as an expert […]

Most homeowners will have received a letter from Revenue prompting them to determine the market value of their properties. After submitting the valuation, the online LPT system will confirm the new band for the Local Property Tax in which the property falls. The letter issued by Revenue will set out their estimated LPT liability which […]

Internal payroll can be incredibly demanding for businesses. Processing payroll is more than just collecting employees’ hours, calculating wages, and issuing payslips. There is a myriad of additional tasks that come into play when you are responsible for this task. While many people prefer to keep their payroll function internal because they feel it is […]

BRSS Guidelines: Update The BRSS is a targeted support for businesses who have been significantly impacted by the restrictions introduced by the Government of Ireland under public health restrictions relating to Covid-19 and in particular those businesses that continued to be impacted even after the easing of restrictions. Some key features of the BRSS are […]

The receipt of a Revenue Audit notification can be a stress inducing event for taxpayers in Ireland. While Revenue Audits are often met with negative connotations it is important to remember that with careful preparation and expert advice you can minimise worry. We have put together some key tips that can help you to sail […]