Importance of making a will!

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A will is a witnessed document that sets out in writing the deceased’s wishes for his or her possessions, (called his or her ‘estate’), after death.

Reasons for making a will

It is important for you to make a will because if you do not, and die without a will, the law on intestacy decides what happens to your property. A will can ensure that proper arrangements are made for ...

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3. Record Keeping

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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

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2. Sole Trader or Limited company

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Most people only dream of setting up their own business and for many it never does
become a reality. Don’t be deterred. With the right information and advice, it can be
done. However, one decision that must be made at a very early stage is the legal
framework within which you will want to operate. There are three basic forms of
private enterprise organisation.
• Sole Trader
• Partners
• Limited Liability Company
Your choice will be influenced by the ...

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2012 Price List

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Click on either sole trader or limited company to view current prices.

 

Here is an outline of what we can do for you.

Free of Charge

  • If you are a new business we will register you with Revenue for whatever taxes we feel are necessary for your business. (Income Tax/Corporation Tax, Vat or PAYE).
  • We will provide a free consultation (up to 2 hours) guiding you through how to keep proper records for your accounts.
  • We will advise on which legal format your ...
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Tax Returns

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Upon filling in the TR1 form to register as a sole trader, who will have the choice to register for a number of taxes.www.revenue.ie/en/tax/vat/forms/formtr1.pdf

Income Tax – this is the tax payable on the profit generated from your business.

The rates of tax are silimiar to that applicable to a PAYE individual ie same tax bands apply.

However, with the tax credits you loose the ability to claim the PAYE tax credit as you are now self employed. Offsetting this is the ability ...

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All about VAT

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How do I register for VAT?

To register for VAT, you need to complete a pdfForm TR1 (if you are an individual, partnership or unincorporated body) or a pdfForm TR2 if you are a company. The form, when completed, should be forwarded to your local Revenue District.

Special care should be taken, when completing the form, to include your name, address, PPSN, business type and the relevant ...

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VAT update – finance bill 2012

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Finance Bill 2012 – VAT Update

The purpose of this Tax Briefing is to outline the principal amendments to the Value Added Tax Consolidation Act 2010 arising from Finance Act 2012. Detailed Notes for Guidance on Finance Act 2012 are available on the Revenue website.

Where appropriate, existing leaflets and guidance notes will be amended to reflect these amendments.

Standard VAT Rate

From 1 January 2012 the standard rate of VAT was increased to 23%. For full details of the implications of this ...

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All about MABS

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About MABS

 The Money Advice and Budgeting Service (MABS) is the only free, confidential, independent and non-judgmental service for people in debt, or in danger of getting into debt, in Ireland. Our Helpline (0761 07 2000) operates Monday to Friday from 9am to 8pm.  You can also send an email to helpline@mabs.ie if you have any questions.

We are a national service with over 60 offices nationwide. For details of your nearest office, visit the  Continue Reading →

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Rental Income

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Requirement to Register Tenancies with the Private Residential Tenancies Board

Section 11 Finance Act 2006 amended the computational rules in Section 97 TCA 1997 for determining the amount of rental income chargeable to tax. Entitlement to a deduction for interest paid on borrowed money employed in the purchase, improvement or repair of a rented residential property is now conditional on compliance with the registration requirements of the Residential Tenancies Act 2004 (the Act). The statutory basis for the registration of ...

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