Revenue advises Airbnb hosts to file tax returns or face penalties
Rental website to hold public meeting in Dublin to address user concerns
Jack Welsh, the former GE Chief Executive, stated that Human Resources should be every company’s ‘killer app’. What could possibly be more important than who gets hired, developed, promoted or moved out the door? After all business is a game, and as with all games, the team who puts the best people on the field and gets them playing together, wins. It’s that simple!
Employers are obligated to collect tax on Benefits in Kind (BIK) through the PAYE system. However, this can be an onerous and problematic responsibility for employers. This brochure outlines the key rules for employers when it comes to BIK.
Examinerships remain at disappointingly low levels and lag behind international peers. Motor industry sees significant decrease in corporate insolvencies.
The total number of insolvencies in Ireland in the first quarter of 2015 rose by 13% compared to the previous quarter, according to statistics released today and published by http://www.insolvencyjournal.ie/. Corporate insolvencies in Q1 2015 totalled 250. This represents a 17% decrease on the same period in 2014, but a 13% increase when compared to Q4 2014. Continue reading
People using Airbnb to rent rooms to holidaymakers have been warned that the Revenue Commissioners could start trawling through properties available on the website to make sure tax is being paid.
About 4,500 properties in Ireland – from castles to caravans – are available to rent on Airbnb, the website that enables people to rent rooms and entire properties to travellers from around the world on a short-stay basis. Continue reading
Management information is in need of an overhaul, according to a finance benchmark survey. Just 40% of the 216 organisations polled considered the information provided by their finance function to be insightful.
The poll results suggest that smaller firms are deriving more benefit from this type of information. Forty-eight per cent of companies with revenues of less than £100m ($154 million) regard management information as insightful, compared with just 35% of those with higher revenue. Continue reading
But that last, intangible piece of the formula has always been tricky.
“He just had a run of bad luck,” explains away an excusable business failure, while the opposite expression serves as backhanded compliment from a jealous competitor.
This concept of luck is outdated, however, according to David McRaney, author of the ‘You are not so Smart’ books, pictured below.
“We have predefined luck in our culture as some sort of fairy dust: a magical, ethereal, non-rational thing. But that is a pre-scientific understanding of luck that no longer applies,” he said.
Over the past decade, some observers have begun to understand luck not as a random, uncontrollable phenomenon but more as a behaviour that happy, successful people employ, whether consciously or subconsciously.
The update comes courtesy of British psychologist Richard Wiseman, who studies lucky and unlucky people as part of his research as a professor of the public understanding of psychology at the University of Hertfordshire.
His goal is to isolate the traits that lucky people possess and demystify them so that everyone can emulate them.
So what exactly is luck – and how does it apply to entrepreneurs?
People who consider themselves lucky have a way of dealing with chaos and complexity that unlucky people do not, Mr Wiseman said.
And chaos and complexity are two things in abundance in any start-up business.
Lucky people, he pointed out, are particularly good at noticing and capitalising on opportunities as they arise. They act on gut feelings and hunches, but only after honing their intuition. Unlucky sorts, by contrast, tend to be narrowly focused and goal-oriented. If there are new opportunities that arise while they’re pursuing something else, they’re more likely to ignore them than to jump on them.
This ability to change gears, revamp business plans, and ditch ideas that aren’t working out is something that successful chief executive officers have described repeatedly over the years.
Nearly every mature business owner has a story or two about how an original idea had to be revised or scrapped along the road to finding one that works.
But rather than despairing or freezing when one model is proven wrong, these individuals quickly recalibrate and redirect their efforts.
Another trait of the lucky, persistence, has long been associated with entrepreneurial success. There are people who do things over and over again, and even if they fail 200 times, they keep going forward.
The ability to scramble over a heap of past failures on the road to success may be the biggest luck factor of all.
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A key part of Sinn Féin’s plans is to raise taxes on people earning over €100,000
Greek banks are losing around €2bn of deposits a week, a pace of outflows which, if maintained, will see them run out of collateral for new loans in 14 weeks, according to JP Morgan. Continue reading
Recipients could face tax bills running to tens of thousands of euro
Survey by Central Bank anticipates tighter credit standards loans for house purchases
Demand for mortgage loans increased in the final quarter of last year ahead of expected new stricter lending rules. Continue reading
- Half (50%) of Irish organisations have no real-time insight on cyber risks, lacking the agility, budget and skills to combat rising cybercrime
- Almost half (47%) of Irish organisations believe it unlikely they would detect a sophisticated cyber attack
- Organisations need to maintain a constant state of readiness to respond to cyber attacks and anticipate where new threats may arise Continue reading
Germany has balanced the federal budget for the first time in almost half a century, helped by strong tax revenues and rock-bottom interest rates, but the extra leeway is unlikely to translate into spending that could boost weak euro zone growth. Continue reading
Scientists from the Psychometrics Centre at the University of Cambridge have found, in a study of 86,000 Facebook profiles, that an individual’s character can be predicted based on their “likes” on the social network Continue reading
More than 70 per cent anticipate strong investment in their business