What can I claim VAT back on is a common question posed to us. The bookkeeping team here is well-versed in claiming VAT back for clients. They do this every two months for most clients and VAT can be quite a complex area with all the different rules. There will always be queries when it
With bookkeeping do you need help? Gone are the days when one person can keep on top of all the changes coming thick and fast. Arriving like an express train into your inbox from the well-oiled Revenue machine. Let’s look at What is bookkeeping? Current system The good, the bad & the ugly Time for
I want to give you some Tax Tips when coming to Ireland. What I mean by coming here is staying here for a prolonged period. As such, you’ll become resident here. The idea for this came from a recent meeting I had with a Swiss couple. The lady, who we’ll call Mary, is from the
Keeping proper books & records is the law. It’s not something that is nice to do or something you’d like to do. It’s a must and is something that can give you very valuable commodities. Those commodities are money, time, and confidence. When I say it’s the law, there are plenty of pages and sections
To give this blog a more complete title we should call it, Gifting money to children – Don’t do this. We will look at a recent case on this. The beauty of the case is that it gives a good idea of the basics of CAT. Plus, a lesson in what not to do. CAT
We’ll have a look at some of the Revenue Focus Areas for 2024. Some of the usuals continue to appear and it doesn’t take a genius to know why. There are a few new target areas too. You may know some of these. Revenue have so much information on us that they could do a
Enhanced Reporting Requirements [ERR] is almost upon us. We are going to give our top ten tips to help you cut through the jargon. Some of the tips need action before the end of this year. Our ERR 10 tips will focus on What is ERR When is it coming in What you have to
Getting a tax refund on ceasing employment has surfaced a couple of times in recent weeks. The most relevant and eye-opening one was in a prospect meeting earlier this week. Both involved an exit package from their employers. So, there was a bonus or termination payment on top of salary at the time of ceasing.
I know Mortgage Interest Relief isn’t the most exciting topic in the world. But would an extra €1,250 in your pocket excite you? Most of the tax changes in the recent budget apply from 1 January 2024. Not mortgage interest relief though. It applies for 2023. We’ll take a closer look at What it is
There are Retirement Relief changes in 2025. From 1 January 2025, Revenue will introduce some new rules. Why 2025 and not 2024? The thinking is that it allows business owners to benefit from the old rules. Some planning opportunities in 2024 before the changes in 2025 kick in. You’ll see what I mean below, at
