Welcome to Luke O’Malley & Co. Chartered Accountants
Luke O’Malley & Co was established in 1988 with the objective of providing auditing, accounting, tax services and financial advice to the business community.
Since then the business has grown thanks to the on-going support of our clients many of whom recommend us. We endeavour to provide a personal, professional and practical service to meet our clients’ needs. Our practice is staffed by fully qualified personnel and we pride ourselves on keeping up to date in all areas in which we give advice. We focus on providing a quality and personal service to all our clients.
Comment: Hiking VAT on tourism would raise...August 20, 2018
Each year, at about this time, there is a lot of speculation about the 9pc tourism VAT rate and whether it will be retained in October’s Budget to be delivered by Finance Minister Paschal Donohoe. Each year, at about this time, there is a lot of speculation about the 9pc tourism VAT rate and whetherRead More...
Contactless card payments increaseAugust 20, 2018
Consumers are turning more to debit cards and contactless payments, according to the Central Bank of Ireland (CBI). In the past three years, the number of debit-card transactions has increased rapidly in Ireland, the CBI said in its latest quarterly bulletin. There is also some tentative evidence to suggest that the increase in their useRead More...
Businesses failing to prepare despite...August 20, 2018
The vast majority of Irish businesses still do not have a Brexit plan in place, despite 70pc of firms expecting the UK’s departure from the EU to have a negative impact on Ireland’s economy. AIB’s Brexit Sentiment index for the second quarter found that the manufacturing, retail and tourism sectors here were the most negativeRead More...
This is a frightening prospect for the...August 17, 2018
In common with many people in this country, both my parents worked in Britain in the 1950s and 1960s. My late father spent 10 years as a radio officer in the British merchant navy. For this he got a good defined benefit pension when he hit 65. He was also entitled to a British stateRead More...
Rents hits record-high as it’s now...August 17, 2018
THE monthly cost of renting a home has hit an all-time high, shooting up by an average €200 in some parts of the capital in just the space of a year New figures from Daft.ie today lay bare the dilemma facing families who would be better off financially if they bought a home. But difficultiesRead More...
Banks no longer using SBCI’s SME loan...August 17, 2018
The country’s main banks have stopped using a State fund set up to channel low cost finance to SMEs, because lenders can access cheap money in their own right, the Irish Independent has learned. The Strategic Banking Corporation of Ireland (SBCI) was set up to ensure favourable loan rates reached SMEs, by funnelling State-sourced moneyRead More...
Digital advertising spend outstrips TV in US...August 15, 2018
Spend on digital advertising has overtaken that of television in the United States for the first time. Last year, internet advertising revenues in the United States hit $88bn (€77bn), an increase of 21pc on the previous year, according to the latest ‘Internet Advertising Revenue’ report from professional services firm PwC and the Interactive Advertising BureauRead More...
China vows to control debt despite fresh...August 15, 2018
China’s state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the US deepens. The comments by the National Development and Reform Commission (NDRC) came a day after China reported surprisingly weak data that showed investment growthRead More...