Breaking News: New Landlords Can Get €5,000 Tax Free Rental Now

ShareLandlords,To help ease the housing rental crisis, for anyone who has a house that has been vacant for a year, but money was spent on it previously, as long as you can prove the money was spent, the first €5,000 of rental profit is tax free to you: (This is hot off the press, but […]

Seafarers and Flight Crew : Where should you pay your tax?

ShareI came across the attached information on flight crew, but it very similarly relates to my Seafarer clients.  Lately, I have had, non resident Irish Seafarers, working within Irish waters for a period, via a drill ship or research vessel and they have had Irish Tax deducted from them by their employer as Source Income. […]

No More P35s, P60 and all that. Why? See below

ShareUnder new arrangements employers will report pay and payroll information to Revenue at the time they pay their employees. (Not when they get round to it) Friendly Revenue fellows will be coming to show people how to work ir at a venue near you. Therefore I advise to Register Your Interest Now.   It’s meant […]

Claiming VAT Back on Purchases Bills: what could go wrong?

ShareVAT deductions might seem simple but there is a lot that can go wrong. I have outlined below what you need to do to fix an oversight! What goes wrong? Failure to register for Irish VAT in the First Place a business may exceed the Irish VAT registration threshold  without realising it. Meaning you have […]

Business Owners, How To Pay Your Home Based Employees More Money Tax free

ShareIf you have home based employees working for you: full time from home or they work part time in the office and part time at home, then you can pay them up to €3.20 per day, completely tax free. This is to compensate them on using their and electricity and heat to run the office […]

The most Under Claimed free tax discount in the country

ShareIf you or people who work for you or your parents or sons and daughter,  do: a job on this list, are an employee and not self employed you are given an automatic big discount on your tax bill. Can you claim it anytime? If you don,t claim it.   Tough.  There is a 4 year […]

Why aren’t you as wealthy as you think you should be?

ShareThis is a question we come across frequently. The reason tends to be self-discipline, or the lack of it. Put another way, bad spending habits. Think about it. Buying impulsively? Weekends away every week Regularly, daily, weekly or annually purchasing expensive Coffees (that you can’t live without) New designer clothes, New vehicles in other words […]

Check your old age pension is going to be there for you.

ShareAt, we encounter that it is more and more common for people who hit 66, to be shocked that they don’t get the pension amount they expect, or sometimes nothing at all.   This may be a mistake on the welfare side, or as is more likely a contribution was not paid, due to; […]

Is you Job Your Pension Scheme?

ShareIn these bank crash and ever changing times (aren’t they all), with your longer term employees that you have invested a lot of money and training into, perhaps to help cement that investment, it might be worth offering a pension deal to them. E.g €50 a month for every employee who stays over 2 years […]

Dentist Discounts for the Self Employed

ShareUp until now, the self employed paid less PRSI and more tax than their employees, and received nothing for it. No redundancy, dole or health benefits. You can’t afford to be off sick! With the bank crash leaving many Employers destitute, a realisation has arrived, that this situation needed to be equalised. There is now […]

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