Here at Comerford Foley, we are a curious bunch. We ask questions and lots of them. Helping our bookkeeping clients is a priority. This is not being nosey. There is a purpose to the question. After all, no point asking if there isn’t a good reason to ask. Sitting down with a client and finding
Every quarter Revenue release a tax defaulters list. We will look at sectors that appear on the list and what the interest rates and penalties are. Plus tips to keep you off the list. The latest one was on the 14th of June last for the first 3 months of this year. Following on from
Revenue audits, tax collection and tax compliance are all things that can be a little scary to business owners. All these things could have you thinking: is Revenue watching me? I was on a tax course with Omnipro last week and Brendan from MK Brazil was the speaker. He was excellent as usual. One of
Taxes in the year of death will hardly put you into a joyous mood for the weekend. But it might help some people who have suffered a terrible loss and need some guidance in this space. We had an interesting case recently and it struck me that it is a topic that could help people
Looking After Older Clients With the news that AIB are going cashless in many branches it got me thinking about how we look after clients. My view is that what AIB are doing is a backward step. Going digital makes sense but not at a cost to customers who need cash services and will go
Last week we looked at the basics of agricultural relief. This week we are going to look at some tips and traps when it comes to agricultural relief. The main ones are Meeting the farmer test Preparing to meet the test Deductions for liabilities Trees Clawback Better than Business Property Relief Meeting the farmer test
In the last month, I had 3 meetings where the inheritance of farmland was the main concern. The parcels of land were more than 80 acres in all cases. Assuming a value of between €10,000 and €15,000 an acre the figures are high. So, Agricultural relief is vital for you to check out. This week
Every Friday evening I get a news update from the Institute of Tax. At times it has very little that is relevant to our clients and other times it has lots of great information. Last Friday was one of those times where it had plenty to offer. Here’s what we’ll be covering in this Mid-Year
We will look at landlords. Why some are reluctant and getting out of the property market. We will Set the scene Stick or Twist Taxes Disparity Summary Setting the scene Willie and Delilah Wiley bought an apartment in Waterford in 2007 for €250,000. There is €100,000 left on the mortgage, and they let it for
I was at The Killers in Malahide Castle on Wednesday evening. It was a brilliant gig on a gorgeous summer evening. The first song of the encore was The Man. I loved the lyrics, and it was coincidental that I had two meetings this week where I met the man and the woman. They had
