Icon Accounting - Accounting company in Ireland

Employers are ever more aware of the importance of creating a positive and healthy workplace for staff members.  The benefits of having a happy workforce mean that staff members are more likely to stay with the company, maintain a positive mindset while in and out of the workplace and speak more highly of the company outside their working day!  Also, clients and customers will reap the benefits from dealing with a happy employee!  It’s a win, win situation! Icon Accounting strives to create a positive work environment and below are areas that we focus on in particular.  A positive environment is something that cannot be created overnight and needs constant care and attention.  Once an employer embarks on increasing and maintaining a happy and positive working environment they may wonder why they did not do this sooner! 😊  Transparency and Open Communication  Feeling valued at work are one of the main factors that will change how you feel and motivate you to work hard for the company t

A company that acts as the intermediary for contractors who want to work under a fixed-term contract is known as an Umbrella Company. The setup is specially made for contractors and has been an extremely popular solution that has aided the growth of the Contracting sector. Generally, a Private Limited Company structure is required to operate as an Independent Professional and payments are processed to the company bank account in exchange for the services completed by the Contractor.  The Umbrella Company is then responsible for deducting the required taxes from the payment and transferring the net pay to the contractor, alongside a payslip showing the tax deductions.  Payment cycles for independent professionals are typically paid monthly, however, there are some clients and recruitment agencies that operate weekly billing and payment cycles. Accountancy firms in Ireland like ICON Accounting specialize in proving Umbrella Solutions to Independent Professionals. These specialized contr

This useful guide will help you navigate what expenses are relevant to you during the big return to the office As we are all starting to return to the office from our cosy homes, lets look at some of the expenses Independent Professionals can claim on their return to work. Whilst we have seen an increase in certain expenses relating to home office, we have seen a reduction in other expenses. We outline below those expenses. Taxsaver: if you are travelling into the office on public transport, you can claim tax relief on the full cost of your monthly ticket once you purchase via the Taxsaver scheme. Icon can facilitate this for all our clients and there is an easy-to-use order form on our portal. Travel & Subsistence: if you have business meetings outside of your main client site you can claim mileage when using your own vehicle. We have a full blog explaining how it works and the conditions. In addition to this you can claim a subsistence as long as you meet the criteria. Foreign Tr