Portugal Non Habitual Residency (NHR's). The key benefits for retirees include:1. 10% income tax on withdrawals from post retirment pensions v's circa 50% at marginal rate in RoI.2. 20% income tax rate on on non-Portugese earnerd income. 3. 10% tax on forign passive income e.g. dividends and interest.4. No Inheritance or Wealth taxes for NHR.5. Enjoy tax exemption for Irish sourced and taxed income as Ireland has a Double Tax Agreement (DTA) with Portugal.A… Show more Portugal Non Habitual Residency (NHR's). The key benefits for retirees include:1. 10% income tax on withdrawals from post retirment pensions v's circa 50% at marginal rate in RoI.2. 20% income tax rate on on non-Portugese earnerd income. 3. 10% tax on forign passive income e.g. dividends and interest.4. No Inheritance or Wealth taxes for NHR.5. Enjoy tax exemption for Irish sourced and taxed income as Ireland has a Double Tax Agreement (DTA) with Portugal.A short case study as an example the benefits and steps involved. An Irish resident couple in their 60s where the wife has a pre-retirement pension of €2M, a rental property valued at €700K and €1M in a non-pension diversified portfolio. The process could be to rent a property in Portugal on 12-month lease. Become Portuguese NHR.o Move the pre-retirement pension assets to being Malta situ. If the pension benefits were taken in RoI, she would receive 25% “tax efficient” cash or €440K, i.e. €500K net of standard income tax of €60K. Contrast with the Malta Option, 30% is receivable as tax fee lump sum, i.e. €600K is received tax free. If in RoI,the balance of the monies, i.e. €1.5M are invested in an ARF, withdrawals from the ARF are the subject to marginal income tax and USC (approx. 50%). Withdrawals from pensions in Portugal are taxed 10% income tax, when NHR.o The Irish situ rental properties continue to be subject to Irish taxes and are exempt from tax in Portugal.o Move Irish situ diversified portfolio into a life insurance wrapper, approved by the Portuguese tax authorities. The objective is to reduce the longer-term tax payable on their portfolio. The longer monies are held in the life insurance wrapper the better the tax benefits. For NHR tax payers, the following tax regime applies: Effective Years policytax rates is held 28% 5 years or < 22.4% >5 years < 8 years 11.2% > 8 years Show less

Chartered Accountants Cork is a District Society of Chartered Accountants Ireland which is the largest and longest established accountancy body in Ireland. It has over 1,000 members in Cork, and it is the leading voice of the accountancy profession in Cork.

Reporting to the Head of Inter-Company Accounting for Europe. Responsible for SAP inter-company Financial Accounting (FI) SND Controlling (CO) analysis and transactions. The role involved ensuring adherence to Apple's international SAP Financial Accounting (FI) AND Controlling (CO) month end closing schedules. The role was successfully fulfilled during Apple's international SAP Financial Accounting (FI) and Controlling (CO) month end closing schedules. The role was successfully fulfilled during… Show more Reporting to the Head of Inter-Company Accounting for Europe. Responsible for SAP inter-company Financial Accounting (FI) SND Controlling (CO) analysis and transactions. The role involved ensuring adherence to Apple's international SAP Financial Accounting (FI) AND Controlling (CO) month end closing schedules. The role was successfully fulfilled during Apple's international SAP Financial Accounting (FI) and Controlling (CO) month end closing schedules. The role was successfully fulfilled during Apple's worldwide Single Instance SAP implementation project. Show less

The Hibernian group of companies comprises of a hotel & leisure centre, five bar outlets, property development and investment companies. It has circa 250 employees.Reporting to the Finance Director, responsible for the day-to-day running of the accounts function of the group. The role included planning, developing and implantation of new information and accounting systems.Key Responsibilities:Oversee all books and records of the businesses, including stock control… Show more The Hibernian group of companies comprises of a hotel & leisure centre, five bar outlets, property development and investment companies. It has circa 250 employees.Reporting to the Finance Director, responsible for the day-to-day running of the accounts function of the group. The role included planning, developing and implantation of new information and accounting systems.Key Responsibilities:Oversee all books and records of the businesses, including stock control, cash and bank, payroll, accounts payable and accounts receivable. Management and co-ordination of four support staff.Development and maintenance of procedures, internal controls and security over cash.Development and implementation of IT strategy.Report on weekly turnover and key performance indicators.Monthly management accounts preparation for the meeting of the board of directors.Development and maintenance of cost awareness and understanding in all areas of the business.Preparation of year-end statutory accounts for audit.Maintenance of web site and computer network.Training and development of accounts staff.Preparation of budgets and costings.Supplier negotiations.Focus on profit improvement.Key AchievementsSuccessfully managed change to create a more efficient finance department.Project managed the effective use of technology including electronic banking, the implementation of a computer network and the consolidation of different single user DOS accounting system to one multi-user window based system.Recruited, assigned and trained support staff so they became more confident and acquired ownership of their roles.Improved nominal coding, Introduced monthly bank reconciliations. Pioneered change within the payroll function, including commencement forms, holiday procedures and paypath.Increased confidence of management in stock systems.Co-ordinated euro changeover. Show less

an indigenous private publishing company specialising in the entrepreneurial market.Project managed the installation of a new accounting system and recreation of lost records. Set up chart accounts, nominal ledger and product listing. Recreated the previous years nominal, purchases and sales ledger with reconciled closing balances on debtors, creditors and bank accounts.

As par of a team of three, audited the accounts receivable and procurement process.

Gained experience in the software, construction, hotel, mining and transportation sectors, from sole traders to listed PLC's with turnover up to €5 Million. Tax consultancy work included urban renewal, corporate restructuring and investment limited- partnerships.Planning of audit approach. Co-ordination of the audit team. Preparation of Financial statements.Tax experience included personal/corporate compliance and assist in tax planning.Secondments included setting up accounting… Show more Gained experience in the software, construction, hotel, mining and transportation sectors, from sole traders to listed PLC's with turnover up to €5 Million. Tax consultancy work included urban renewal, corporate restructuring and investment limited- partnerships.Planning of audit approach. Co-ordination of the audit team. Preparation of Financial statements.Tax experience included personal/corporate compliance and assist in tax planning.Secondments included setting up accounting system for client. Show less

Prepared small company accounts. Managed the payroll bureau.