DHKN

MORE COMPANIES TO BENEFIT FROM AUDIT EXEMPTION From 1 July 2024 more Irish companies should be able to benefit from audit exemption and abridged filings under new company size thresholds. A brief summary of the changes enacted on 1 July but please note that there may be other detailed requirements which impact your company’s ability to avail of these exemptions. George Alton Leading At The Edge - Leadership insights from the frontline Dave Hickey Galway Chamber #auditexempt #corporategovernance #cosec https://lnkd.in/ePS5bhVa

IMPACT OF “DOMINO’S CASE” ON EMPLOYMENT STATUS Revenue has recently published new guidelines on determining the employment status of workers for tax purposes. The guidance comes following the Supreme Court judgement issued in October 2023 in the case of Revenue Commissioners v Karshan (Midlands Ltd) trading as “Dominos” which found that delivery drivers should be treated as employees rather than self-employed. In the Domino's Case, the Supreme Court analysed the numerous tests that have been developed in English and Irish case law in considering whether an employment relationship exists. The Supreme Court found that Domino's delivery drivers should be classed as employees rather than as independent contractors. https://lnkd.in/ef3q4Min #EmploymentStatus #PAYE #EmploymentContracts #gigeconomy Leading At The Edge - Leadership insights from the frontline Dave Hickey Brian Savage

WE'RE HIRING IN GALWAY! PAYROLL SPECIALIST/TRAINEE Our payroll team helps our clients run their businesses more efficiently while ensuring employees and directors receive the amounts due them on time. We’re looking for someone who can contribute to making this an even better service. For full details on the role and how to apply see https://lnkd.in/eujG_uMU Irish Payroll Association Brian Savage Hazel Walsh Rachel Chapple Dave Hickey

DHKN VOLUNTEERS TRANSFORM GARDEN AT FAMILY HOME Almost 30 staff from Galway accountancy firm DHKN took time off to help COPE Galway restore the garden and outside spaces of one of its accommodations for families in the city. Mark Gibbs, Partner at DHKN said: “COPE Galway provide a fantastic service to many families, men and women in Galway and it is a privilege for all of us in DHKN to help support that effort in a very small way.  #Volunteering #Homeless #Shelter #CSR https://lnkd.in/enfhWB4m

Great to hear from Kingsley Aikins about how to elevate your networking to help develop your business at Platform94

THAT EASTER EGG GIFT MAY HIDE A FUTURE TAX BILL Employers need to be aware that ALL gifts to employees are within the scope of the Small Benefits Exemption By Dave Hickey If an employer gives a gift of an Easter egg worth, say, €20 to an employee this week, that will count as one of the two benefits allowed to that employee this year. That means the employer is limited to providing one further tax-free small benefit in the year.  https://lnkd.in/eqST8qZc #EnhancedReporting Leading At The Edge - Leadership insights from the frontline Galway Chamber #taxation #PAYE #Easter

ENHANCED REPORTING REQUIREMENTS – WHAT EMPLOYERS NEED TO DO NOW Employers must report a lot more about tax-free payments made to employees from the start of this year. Michelle Egan C.T.A., Tax Manager with DHKN, looks at what employers and payroll departments need to look out for.  #PAYE #Enhancedreporting #ERR Leading At The Edge - Leadership insights from the frontline Chartered Accountants Ireland Platform94 https://lnkd.in/eRPzBDAY

Great to see Ceroflo's success in raising over €6m with help from our team in DHKN get great coverage in today's The Irish Times. Mark Gibbs https://lnkd.in/egE57vWU

DHKN TRAINEE SCORES TOP MARKS Libby Howard, an accounting trainee with DHKN, received the highest mark in Ireland in the ACCA Financial Reporting (FR) exam in December 2023, placing 8th in the world. Libby studies with AccountancySchool.ie and she is looking forward to completing all her ACCA exams over the next couple of years. Our photo shows Libby with Maurice O'Shea, Audit Director at DHKN and DHKN Partner Stephen Crowley.

DHKN TAX LEADER RAISES OVER €10,000 FOR HOMELESS DHKN's Eoghan McGuire, who leads the firm's tax compliance team, took part in the Business Leaders' Sleep Out for COPE Galway in late November and has so far raised over €10,000 for Cope's services for homeless people. "Despite the freezing temperature that night, it wasn't a bad experience for me because of the camaraderie amongst all those taking part," says Eoghan. "But it still gave us all some experience of what it is like to be homeless and have to sleep rough in Galway. It really shows why Cope's homeless services are so important to those who need them." Eoghan is pictured presenting a cheque for the amount he has raised so far to Sharon Fitzpatrick, Head of Development at Cope Galway. Also in the photo are DHKN Partners Stephen Crowley and Mark Gibbs. To find out how you can support Cope Galway go to www.copegalway.ie