There is a special Capital Allowances Scheme for work on farm buildings and structures associated with pollution control where the work is carried out before 31st December 2010. There is an accelerated allowance in Year 1 of the lesser of €50,000 or 50% of the qualifying expenditure. This Year 1 allowance is regarded as a “floating allowance” which may be taken in whole or in part at any time over the writing down period. The balance of the expenditure is ...
Wheter your PAYE of self employed the tax system in Ireland only issues tax credits as directed by you.
We all recieve the standard credits (single / married persons) plus the PAYE credit but thats about it.
Depending on your circumstances, and how they change can effect your credits and therefore the amount of tax you pay !
For starters if you are married, and have children, and one spouse has either no income or ...
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If you are in business as a sole trader, and you are paying tax at the higher rate (41%) you could possible reduce this liability by forming a partnership to increase your tax cut off points.
This could apply to brothers, sisters, spouses, etc.
Partners can combine their tax cut off points (€32,800 + €32,800) = €65,600 at the standard rate instead being assessed seperatly and paying tax at the higher rate.
Contact us for ...
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Note – if you are a PAYE tax payer and have not claimed all your tax credits for 2008, the deadline to apply for this cash back is fast approaching. You can claim for things like :
If you would like further information on what refund you could be entitled to call us today at our new number
071 91 47580 or mobile ...
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The October 31st tax deadine for the self employed is fast approaching.
You may have your annual return completed at this stage and found your tax bill a little to high !
With increases due to the universal social charge and reduced tax credits your tax bill will get higher !
However, there are ways which your accountant can employ to reduce this bill.
Listed below is a sample of what can be done….
If you ...
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Revenue Job Assist is an additional tax allowance for people who have been unemployed for 12 months or more and who are now returning to employment. An extra tax allowance can be claimed for each qualifying child (see below). The tax allowance can be claimed for 3 tax years and may begin with either the tax year in which the employment commences or the following tax year. The ...
Business Reporting Ireland Ltd. is a company formed to promote the development and adoption of XBRL (eXtensible Business Reporting Language) in Ireland. The members of XBRL Ireland are Central Statistics Office, Chartered Accountants Ireland, Companies Registration Office, Deloitte, Ernst & Young, Irish Tax Institute, KPMG, PwC and Revenue.
The purpose is to advise tax filers, be they practitioners or corporates, of what is involved in filing in XBRL with Revenue, where optional go-live date for all ...
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