Author Archives: Colin Comerford

Take Home Pay in 2024

cash notes

What will be your take home pay in 2024? We are all budgeted out at this stage. I had enough after getting my 5th of 9 budget briefings. When deciding on a blog topic I asked myself what interests people the most. For me, it’s the amount of extra cash in my pocket. To pay

Tax Returns – 10 Last-Minute Tips

Tax return help

We’ll look at 10 last-minute tips to help with your Income Tax returns. It’s a busy time of year in the office. Training is on hold. Tea breaks are shorter, and lunches just about happen. The Tax Return deadline is looming. Accounts for review and finalise. A few weeks to go till the deadline hits.

Bookkeeping – Outsource or Die

Paper everywhere

A catchy title. Bookkeeping – Outsource or Die is the title of a book. We were working with a business coach for accountants in the UK and the guest speaker Mark wrote it. He was a UK national living in the Philippines. He and his team provided outsourcing solutions to UK accountants. Successful and smart,

5 Tax Return Tips for 2022

Let’s have a look at 5 Income Tax return Tips for 2022. We are now at peak Corporation Tax return filing time. On Monday the focus will switch to Income Tax returns for 2022. All with the view of keeping our clients tax compliant and Revenue happy. Revenue want the Tax return to know how

Business Exit Planning

Exit sign

This week we’ll have a look at business exit planning. What are the things you should be discussing with your advisor? And what would you like to achieve? The main talking points will be Meet Maeve O’Leary How do I value my business Tax efficiency Future options Maeve O’Leary Maeve O’Leary, or Mol to her

Is Your Company Shareholding Right?

Carton of eggs

Is your company shareholding right is the question that is tumbling around in my head. What sparked the idea for this blog was a meeting with a businesswoman on Wednesday. She wanted a chat about growing and valuing her business. Ultimately, she’d love to sell it and we got onto the topic of who owns

Transfer a Site to a Child

Man cutting grass around his house

We’ll look at what’s involved tax-wise on the transfer of a site to a child. The idea for this came from a meeting I had with the Falcones during the week. John Falcone is the dad. Bridget Falcone is the mother and owns the land. Molly Falcone is the daughter. Points to cover will include

Company Taxes – The Basics

Business meeting

We’ll have a look at Company Taxes – The Basics, so please stick with me as it’s a hard sell. The best way to do this is by using an example to run through the basics. This will help you stay awake. Trust me on this one. Let’s delve into Introduction The Agenda The Meeting

Tax Meetings with Company Directors

Time of the year. More tax meetings with Company Directors than normal. Some are with clients and others are one-off consultations. A wide range of topics discussed. From electric cars to Income Protection, a lot of issues looked at. The question is always, what should I do? Let’s look at some of these to include

Normal Place of Work – Expenses

Arm wrestle for money

Be aware of your normal place of work when claiming expenses. Are you entitled to claim them and what are the things to watch out for? We’ll take a look at a case that came before the Tax Appeals Commission last year. Let’s find out more about The Stars The issues Case for Jerry Case