Author Archives: Colin Comerford

Price Increases and Value

Euro price increase

Price increases and value. Is the price increase tolerable for your client because they see value in your service? This question punched us in the face recently. Michael, our client, was about to leave as he got a cheaper price. He said to me “as my financial advisor what would you advise me to do?”

Tax Credit Certs 2023 – Stranger Things

Tax credit cert

We investigate the weird world of tax credit certs for 2023 and the stranger things we have seen this year. When I say weird, I mean taxpayers expecting to see an increase in their net take-home pay. But the opposite happens. They get less and a lot less as you will see. We will go

Tax Tips when you sell or rent land

Cows in a field at sunset

We will look at some tax tips when you sell or rent land. For this, a sale will be to a third party. Land sales are like hen’s teeth. Very rare. It is more common to transfer to the next generation. In the current climate land is achieving a high price on a sale or

Selling Your Business – Asset or Share Sale

Business sale - signing a document

When selling your business, you want to maximise the value and pay the least amount of tax. But know you have covered all the bases. We will look at an asset sale and a share sale. Plus give you some Tax Tips that can help get things straight in your head. The focus will be

Key Income Tax Dates

Calendar

We will look at some key Income Tax dates and how it will cost you if you miss them. Let us introduce you to Mick and Dick Moody. They are brothers and farm in partnership together. They love their music and have a wedding band called the Moody Blues. Mick has a very relaxed style

Land Rover Discovery – Car or Van for BIK?

Land Rover Discover

Is the Land Rover Discovery a car or van for BIK? This is relevant to other similar types vehicles taxed as “commercial” for Vat and VRT. You will get to meet Tom Dunne and Bill Flynn, directors of Bigbiceps Ltd [BBL], a supplement supplier. The main areas of focus are Car or Van – what’s

Single Person Child Carer Credit

Mother and children

This week we will look at the Single Person Child Carer Credit [SPCCC]. It is a little tricky and warrants 12 pages of guidance in a recently updated Revenue manual. It’s important to understand the rules. We will introduce you to a primary claimant and a secondary claimant. You’ll meet the Bagges. And find out

Retirement Relief – 5 Tips

older couple holding hands

We will take a closer look at Retirement Relief and give you 5 Tips that can help you plan. “When I get older losing my hair Many years from now Will you still be sending me a Valentine Birthday greetings bottle of wine If I’d been out till quarter to three Would you lock the

Retirement Relief – Business Owners

Cute Deer

We will discuss a recent case that involved Retirement Relief and farming. This case is not only relevant to farmers but to business owners too. It came up on my news feed last night and piqued my interest. How much tax was in play? What were the circumstances and who won? I got stuck into

Bookkeeping – Go Paperless

Xero Gold Partner

Bookkeeping – Go Paperless. Yeah right! Sure, how can we do that? I can hear you all now. That fella is pulling our leg! And why would you want to go paperless anyway? What’s in it for me? We will explore further and make a case for it by looking at. Does paper cost money?