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If your spouse is a director of your company do not give him/her more than 15% shareholding if they are being paid a salary otherwise they will loose the PAYE tax credit worth €1,830.00
For more information contact us…
info@mytaxreturn.ie
Continue Reading →Tax relief may be claimed in respect of the cost of transport by ambulance. However, where regular continuing treatment or consultation is required and the patient has to travel long distances, tax relief may be claimed in respect of the cost of the travelling other than by ambulance. It is not the intention that this tax relief be granted for minor local travelling expenses or occasional travelling [e.g. ...
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f like me you have taken out a top up on your mortgage and may have 2 mortgage accounts watchout for your lender not giving you mortgage relief on the top up repayments.
What appears to be happening is your relief is being based on when the mortgage originally started -you have 7 years of interest to claim.
If you take a top up mortgage say 3 years after you first took out a mortgage then you should also get 7 years ...
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If you are self employed and have your own company, here are the rates you should be using to claim for things like travel, meals, and overnights.
It is far better from a tax point of view to use these rates, than actual receipts a sole trader would o use in his calculation of business expenses.
It is one of the reasons you can justify going the limited company route than using the sole ...
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1. Employ a family member – make use of all family members tax credits who are not working and therefore reduce your liability by up to €4,000.
2. Form a partership with your spouse if they have no income, to stop your profits being taxed at the higher rate and save up to €6,000.
3. E learning – save up to €1,200 by having an allowance for a relative doing some valuable research on line for you !!
4. Pension – despite the ...
An individual paying for private rented accommodation e.g. bedsitters, flats, apartments, houses, etc.
Rent paid to Local Authority tenancies, Army, etc.
Over 55 – Single, Widowed, Married – See charts.
Under 55 – Single, Widowed, Married – See charts.
Form Rent 1 – Claim for Rent Relief on Private Rented Accommodation (PDF, 108KB)You may claim tax relief in respect of the cost of certain medical expenses paid by you. You cannot claim tax relief for any expenditure which:
Further details on the main medical expenses that qualify for relief are ...
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I have had a few queries recently on whether self employed people can get ‘cycle to work’ tax relief on the purchase of a bicycle.
The relief that exists at the moment is aimed at getting PAYE workers to purchase bikes and they can save up to half the cost of a new bike if they are on the higher tax rate, if you include PRSI. (more info at http://www.bikescheme.ie/)
Anyway, the joys of being self employed continue as yes, you ...
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The carers tax credit is available to married couples paying tax and can be worth up to €900 pa.
To get it you have to be jointly assessed, the income of one spouse must be €5k pa (to get the €900) and up to €7k where the credit goes on a sliding scale.
Contact us today for more information and don’t forget if you have not claimed it this year you can go back ...
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Jobseeker’s Benefit is generally taxable, but the first €13 each week is exempt from tax. Jobseeker’s Benefit payable to short-time workers is not taxable. The Child Dependant Increase payable with Jobseeker’s Benefit is also not taxable.
Illness Benefit is not taxable for the first 6 weeks and the Child Dependant Increase is not taxable.
Other than the cases above, if your social welfare payment is taxable, any increase in your payment for your adult dependant and child dependants is also taxable.