Welcome to BYRNE CASEY & ASSOCIATES
Byrne Casey & Associates is a firm of Chartered Accountants based in Tullamore, Co. Offaly, providing a full range of proactive financial, taxation and commercial services and advice to our broad range of clients.
Our approach to the services provided is entirely client focused and service orientated. We are committed to providing our clients with the best available financial advice and services tailored to our clients specific needs and requirements.
Byrne Casey & Associates is ideally positioned to serve clients needs. Our aim at Byrne Casey & Associates is to provide a superior service in a cost effective manner. Our clients can draw on the vast experience, knowledge and skills of our multi disciplined team while retaining the personalised service and approach of a small firm.
As part of our continued expansion and success, Byrne Casey & Associates have recently moved to our new custom built offices at Clonminch Hi-Technology Park, Tullamore, Co. Offaly.
BUDGET 2014 ANNOUNCED
Minister for Finance Michael Noonan and Minister for Public Expenditure Brendan Howlin have delivered Budget 2014 on Tuesday 15th October, 2013 in the Dáil where €2.5bn worth of spending cuts and tax increases were announced.
On the evening of the Budget, October 15th, at 6:15pm in the Tullamore Court Hotel, Byrne Casey & Associates, together with the Offaly County Enterprise Board presented a detailed review and analysis of the taxation measures announced in Budget 2014, followed by a questions and answers session.
If you would like our 2014 Budget Summary please click here.
There is no NPPR Charge for 2014.
The annual NPPR charge of €200 per property applies for all years 2009-2013 and is payable online or by completing the relevant form available in the FAQ section of this website.
In order to maximise compliance and encourage payment of outstanding NPPR charge arrears, section 74 of the Local Government Reform Act 2014 provides for a period, from 2nd March 2014 to 31st August 2014, during which time no new late payment penalties will be applied to existing NPPR liabilities.
This will provide an opportunity for owners to agree payment terms with local authorities. If payment is not made in full by 31st August 2014 or if settlement terms are not agreed by that date, an additional late payment fee of €120 per liability date is applied on 1st September 2014. In addition, the entire NPPR liability is increased by a factor of 50% and then frozen.
Solid Fuel Carbon Tax and Turf
There has been much debate and media coverage of the solid fuel carbon tax which came into force on 1 May 2013. The solid fuel carbon tax applies to the first supply of solid fuel by a VAT registered supplier. As a result of queries raised by suppliers as to whether the solid fuel carbon tax applies to the sale of turf on a bog, we made a direct enquiry to the Revenue Commissioners for clarification on the matter.
The Revenue Commissioners have confirmed that if a supplier cuts turf on a bog, leaves the turf on the bog and sells that turf in the wet material state to a customer, that turf is not classified as solid fuel. As a result no solid fuel carbon tax liability would arise on the supply of the turf in the “wet” state.
For suppliers who are supplying dried turf (or saved turf) the solid fuel carbon tax will apply to such a supply.
LPT for 2014
The LPT return filed in 2013 covers the years 2013 – 2016, as a result only a payment of LPT is required for 2014 and the value of the property does not need to be reconsidered. A full year LPT applies for 2014 (only a half year charge applied for 2013).
The key dates for 2014 are:
• 1 January - 31 December 2014: Continuation of phased payment arrangements (deduction at source from Salary / Occupational Pension or certain payments from the Department of Social Protection and Department of Agriculture, Food and the Marine and cash payments through certain payment service providers).
• 1 January 2014: If paying your LPT in full by cash, payment must be made by 1 January 2014.
• 15 January - 15 December 2014: Continuation of direct debits.
• 21 March 2014: Single Debit Authority payment deducted.
Mortgage Arrears Information and Free Professional Advice Service
The free service is available to homeowners who are being offered long term resolution arrangements by their bank to their mortgage difficulties. The advice will be provided by accountants who have registered on the panel wishing to provide the service.
If the homeowner wishes to avail of the service, he or she can pick an accountant of their choice from the panel and the bank will pay a set fee of €250 to the accountant for the advice provided.
The scheme applies to a person’s principal private residence only. The accountant will explain the terms included in the proposed arrangement and will advise on the financial implications of the proposed arrangement. The final decision on whether to accept the proposed arrangement is the borrower’s.
When announcing the scheme the Minister said “Each family in mortgage arrears faces unique difficulties and we must have a range of solutions which can be adapted to resolve each family's difficulties.”
The Minister continued by saying “People experiencing difficulties with their mortgage need to contact their lender."
Welcoming this scheme, Hugh Byrne of Byrne Casey & Associates said “this measure provides a wonderful opportunity for distressed homeowners. We see how stressed homeowners who have fallen behind on their mortgage payments are. There is a risk that they will agree to an arrangement that is not appropriate for them. A consultation with an accountant who will be able to explain, in plain English, what is being proposed and the implications of accepting the proposal, will provide invaluable assistance to such families”.
In conjunction with the announcement of the free service, a website keepingyourhome.ie and a Mortgage Arrears Information Helpline (0761 07 4050) were launched. The website offers general mortgage arrears information and advice for distressed mortgage holders. The helpline provides general mortgage arrears information and guidance to mortgage holders, in particular to borrowers who are in arrears or pre-arrears on their residential property.
Byrne Casey & Associates is one of the firms of accountants participating on the panel.
Some of the information contained above is taken from the Citizens Information Board press release announcing the service.
Are you an employer looking for help with employment issues? Then click on our Employers Resource page
|Byrne Casey & Associates Budget 2014 A5 Booklet.pdf (684.68 KB)|