News & Insights
Stay up to date with the latest news and updates from MC2 Accountants. From industry insights and regulatory changes to company announcements and events, our news section provides you wit the information you need to stay informed. Follow us to stay abreast of the latest developments in the accounting and financial world.
MC2 joins the Praxity Global Alliance
MC2 Accountants, based in Penrose Wharf, Cork, offer comprehensive solutions tailored to meet the diverse needs of their clients. The firm offers full-service, end-to-end business solutions, giving their clients professional advice in accounting, taxation, audit,...
Budget 2025: Key Tax Changes and Business Support
The Irish government’s Budget 2025 introduces significant tax reforms aimed at supporting workers, businesses, housing, and climate action, while addressing the rising cost of living. Below is an overview of the main tax policy changes, including updates on Capital...
Vacant Homes Tax | Update
The Vacant Homes Tax (VHT) was introduced in Budget 2022 as one of the latest measures taken by the Government to increase housing supply. VHT is an annual tax and will become payable in November each year. The first VHT return is due on / before 7th November...
Announcing the Four Day Week at MC2
MC2 Accountants are proud to announce the introduction of a four day week as the new standard working arrangement for our team. Our journey to a flexible working arrangement has come about as part of our continued investment in our team, empowering them to be...
Company Vehicles: New Benefit in Kind (BIK) Rules
As you may be aware, the Irish Revenue Commissioners have introduced a new method to calculate the BIK arising on Company Vehicles (i.e. cars and vans). Although the changes were introduced in previous Finance Acts, the new rules did not come into effect until January...
Employee Part of Share Incentive Schemes
If you are an employee in receipt of share options, it is important to ensure that you have dealt with all relevant tax obligations (e.g. Income Tax and Capital Gains Tax). As result of the increase in the use of share-based remuneration to reward employees, this is...
MC2 Acquires Parfrey Murphy Chartered Accountants
FREE PIC - NO REPRO FEE - April 25, 2022 From left: Sean McSweeney, MC2; Pamela Murphy, MC2; Seamus Parfrey, Parfrey Murphy; Jim McCarthy, MC2; Mary Blyth, Parfrey Murphy and James Loughrey, MC2. Pic: Brian Lougheed MC2 Accountants, one of Munster’s leading audit, tax...
Extension to the Employment Wage Subsidy Scheme (EWSS)
Revenue have recently announced an extension to the Employment Wage Subsidy Scheme up to the end of 2021. To qualify for the extension, the employer must demonstrate to the satisfaction of Revenue that:• Their business is expected to experience a 30% reduction in...
Temporary Wage Subsidy Scheme Reconciliation
Revenue commenced the Temporary Wage Subsidy Scheme Reconciliations on the 22nd of March 2021. Employers will receive a ROS inbox notification when their reconciliation is available on ROS. The reconciliation process is the final phase of the TWSS programme. It will...