Icon Accounting - Accounting company in Ireland

A mortgage is arguably the most important and probably the largest financial decision you will make during your lifetime, and we understand that the process can be a confusing experience, without some statements such as ‘contractor candidates may be disqualified from obtaining a mortgage’ adding to the frustration and headache! Thankfully, contractors are no different from any other person who’s decided to become self-employed, and as such the banks are happy to deal with you on the same terms as they do anyone else operating in this capacity. With appropriate information and preparation, you can attain the financing required to purchase the home of your dreams. If you are a contractor looking to get a mortgage in Ireland in 2023, there are some important things you need to know. Follow the universal criteria It’s worth stating from the outset that there are common criteria that everyone has to comply with (irrespective of employment status) when applying for a mortgag...

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 ...

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 speciali...