Anne Brady Partner 353 87 251 7600 Natalie Kelly Partner 353 87 888 5871 Colin Owens Audit Manager 353 87 276 2901 Shane Carroll BAS Manager 353 87 725 4143
From the 1st of January 2012, the standard rate of VAT for the Republic of Ireland will be increased from 21% to 23%. The new 23% rate should be used on all invoices issued from then on. Full details about this change can be found on the Revenue website.
Steps to Change your Computerised Accounting Package
Take a Back Up
First of all, please unsure that you have taken a back-up of the relevant data-set before applying any of the changes detailed below. This will ensure you do not lose or change any important information.
Incorporating the 23% rate to your relevant accounts package
It is recommended that you CHANGE the existing 21% default rate to 23%, and then set up a NEW code for the old 21% rate. This assures that new invoices issued will automatically use the new 23% rate as default. If an invoice needs to be issued at the old 21% rate, you can select this from the new code you have set up.
Changing VAT rates in different Accounting Packages
Amending the VAT rates on most accounting packages is usually done through the dataset configurations. Here you can usually set up new VAT rates, and also set the default standard rate to be used in all relevant transactions.
Examples of how to change the following commonly used accounting packages:
TASBooks: Central / VAT Rates and Reporting / Maintain VAT Rates, (program 031).
Sage 50 Accounts: Settings / Configuration / Tax Codes
For more detailed assistance or queries, please contact Shane Carroll, Business Advisory Services Manager on firstname.lastname@example.org or 01 4786600
All of us here at Anne Brady McQuillans DFK were delighted to see our long standing client; County Car Rentals appear on Monday nights The Apprentice on TV3. Bernard Loughran, General Manager and Trevor Toner, Office Manager put the candidates through their paces as they battled their way into the final with Bill Cullen.
For 60 years County Car Rentals have been providing a first rate service to its clients from around the world. Whether you need to rent a car for business or it’s a car rental for a holiday, County Car Rentals have the experience and the range of cars to suit your needs. County Car Rentals offer low cost car rentals across their fleet of cars.
Visit County Car Rentals at www.countycar.ie or call 01 235 2030. County Car Rentals are located on Rochestown Avenue, Dun Laoghaire, Co. Dublin.
Missed it? If you missed Monday nights "The Apprentice" you can catch it online on TV3's 3Player
Anne Brady McQuillans DFK Christmas Opening Hours
We would like to take this opportunity to remind you all of our Christmas Hours.
We will close for Christmas Holidays on Thursday 22nd December at 5pm and reopen for business on Tuesday 3rd January 2012.
During the Christmas break, the following staff will be available for any urgent queries;
Anne Brady, Partner; 353 87 251 7600
Natalie Kelly, Partner; 353 87 888 5871
Colin Owens, Audit Manager; 353 87 276 2901
Shane Carroll, BAS Manager; 353 87 725 4143