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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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A facility to pay tax by credfit card [limited to VISA and MasterCard] to Revenue using the Revenue On-Line Service [ROS] is now available. A person wishing to pay by credit card via ROS must pay a transaction charge, of 1.49% of the value of the payment. This charge is ...
Continue Reading →The government does not plan to extend mortgage interest relief introduced in last year’s budget for new home buyers this year.
The government provided 25 per cent mortgage interest relief for first-time buyers and 15 per cent relief for non-first time buyers for purchases in 2012.
“I want to emphasise that this mortgage interest relief measure will come to an end at the end of this ...
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Today’s edition of Iris Oifigiúil contains details of published settlements completed by Revenue. It also contains details of penalty determinations made by the courts in respect of taxpayers who have deliberately or carelessly made incorrect returns in the period 1 January 2012 to 31 March 2012.
The list is published in two parts:
Part 1 lists every person upon whom a fine or other penalty was imposed by a court. This includes the following categories:
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Finding investors for your startup can be tough. Luckily, there are well-established routes for Irish startup firms to apply to organisations such as Enterprise Ireland or local Enterprise Boards.
Here’s a brief overview of nine popular avenues for state-supported startup funding in Ireland.
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1. Enterprise Ireland: High Potential Startup (HPSU) fund
Every year, Enterprise Ireland picks out companies that it thinks could be ‘the next big thing’ to come out of the country. The agency puts its money where its mouth is by ...
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We outline the package that suits your business, to ensure you keep
all necessary records and file the required returns.
Record Keeping
• Manual Accounts
• Computerised accounts
(recommendations)
• What’s allowable!
• What expenses are tax
deductible
Dealing with your Accountant
• What you must provide
• What service you can expect
• A guide to fees