Author Archives: Glen Hynes

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 […]

Employers need to act now to comply with new EWSS Eligibility Review criteria Revenue recently issued a press release and Guidelines on EWSS eligibility from 1 July 2021. There are changes to the assessment period used to determine eligibility for pay dates between 1 July and 31 December 2021. Crucially employers must complete a monthly […]

Bookkeeping involves recording and classifying all the financial transactions of a business. In a nutshell, it is keeping an expert record of what your business spends and what your business receives. It can be tricky for an SME to handle all of their finances, while simultaneously trying to focus on their business. Outsourced bookkeeping services […]

Business advisory services aim to help organisations of all sizes identify their business strengths and overcome their weaknesses. In order to achieve growth and create structured business plans, experts provide logistical, financial guidance to help business owners develop and implement projects to achieve their forecasts. Many business owners are continually challenged to make executive decisions. These decisions could be related […]

Background Until now, VAT rules within the EU meant that goods being imported into the EU from outside the EU (‘3rd Countries’) could avail of an exemption from VAT if the value of the goods being imported, including delivery and insurance, was below €22. It was believed that many suppliers undervalued the supply on the […]

Local Property Tax (LPT) is a self-assessed tax, charged on the market value of residential properties in the Irish state. Liable people must pay their LPT liabilities on an annual basis. On the 1st June 2021, the cabinet agreed to bring forward legislation that will propose new changes and ammendments to how the LPT currently […]

Following a recent government meeting the Minister for Finance Paschal Donohoe announced a set of additional / enhanced measures to support businesses as they re-open and resume trading this Summer. Here is a round-up of the updates: · The employee wage subsidy scheme will now be extended until the 31st of December 2021. · There […]

Forensic accounting is a specialised form of accounting that is conducted by an expert professional in the field. This practice can be used in many applications, and it consists of a wide array of activities. At Cronin and Company, we provide a professional and discreet forensic accounting service. To learn more, read below.   What is forensic accounting?   Forensic accounting utilises accounting, auditing, and investigative financial skills to conduct […]