Actions for you and your business in 2016 from M. McLoughlin & Co. Solicitors.
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A New Year And A New Look

Happy New Year to you all. We start off 2016 with a new website and new branding. 

I have made a promotional video, in response to being asked “what exactly do you do” as I do not run a traditional law firm.  Thank you to Pink Lime Video Productions for your assistance with the video.

Legal and Taxation resources on the website
The website will provide free material in the latest news section and free downloads. The first free download I have made available is a short summary selling online guide for retailers.

I also hope to make available some resources for a fee.  I am starting with a checklist on how to strike off a private Irish company on a voluntary basis for a fee of €5 plus VAT at 23% if payable, total cost to you of €6.15 if I have to charge you VAT. 

Perhaps you have a dormant company that you no longer require and you do not see the need to convert the company under the new company law rules.  The checklist outlines the steps required to get the company voluntarily struck off the Register of Irish Companies.

Could you do something for me?
Consider providing me with a testimonial that I could share on the website.

What is ahead?
2016 will be a busy year for us with all the company law, employment law and taxation changes that are taking effect and must be implemented.  I suggest in this newsletter 2 actions for you to take in 2016.

The reduced capital gains tax rate from 33% to 20% on a lifetime limit of €1,000,000 on a disposal of a business or part of a business (qualifying assets) is to be welcomed and came into effect on 1 January 2016.  As with other taxation reliefs many conditions have to be met to get the relief.

Wishing you and your business continued success in 2016.
Selling online consumer law compliance
With the hype of black Friday and cyber Monday many businesses are beginning to see the importance of being available to customers online.With this advantage there are Irish and European rules to protect consumers when they buy online that retailers must comply with.
Have you checked whether you need to offer your online customers a 14 day cancellation (cooling-off) period?If you do, have you told the customers about it and have you made a cancellation form available to them to cancel the purchase?
Action for 2016: Review and update your online presence and if you sell online ensure that your terms and conditions of sale comply with consumer law. 
Access the free guide to selling online.
Company Law conversions in 2016
31 August and 30 November 2016 are the decision deadline dates for existing private companies to convert.

If you have an existing private limited company, you need to decide whether to convert your private company into a private company limited by shares or remain a designated activity company.
If you wish to remain a designated activity company you must have made the necessary application by 31 August 2016 at the latest. If you do not take any action the private company will automatically convert and become a private company limited by shares by default on 30 November 2016.
By converting early you can take advantage of the benefits immediately rather than waiting for the default position.
Action for 2016:  Decide on whether to convert to the new type private company or to become a designated activity company and convert early to take advantage of the new regime.
Read more on the new rules.
Copyright © 2016 M. McLoughlin & Co., All rights reserved.

Our postal address is:
Crossboy, Ballintogher, Co. Sligo.

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