The theme of this blog is Revenue interventions and the sectors where they get extra cash. Extra cash means the tax owed, plus the interest & penalties. Revenue love interventions in the construction industry. One could say it’s an obsession of theirs. Yet, it’s rental and the professions that they get most of their money
Whatever you do “don’t do your own payroll”, I told Mary a potential client on Wednesday. We’ll look at some of the reasons why I think that’s good advice. Mary is an educated lady but isn’t a payroll specialist. But surely there can’t be that much to it? Oh, there is, and more. Let’s look
I will look at pre-year-end planning tips for you and your business. There will be some useful tips to consider between now and the end of the year. I’ll introduce you to Paul and Joanna Codd who have a “quare” successful company in Wexford. The focus will be on a company with a 31 December
Yesterday, November 14th, was the last day of the Income Tax return season to file your 2023 return. It wasn’t a day of panic in the Comerford Foley office. Firstly, we weren’t in the office, as we were working remotely. Plus, the team had everything under control, although there were a few loose ends to
Let’s look at budget 2025 and 10 takeaways from that. It’s not a blog divided into two with the first part looking at the budget. The second part reviews 10 takeaways like Indian, chippers, and Chinese! I know I know you are all budgeted to death at this stage. Me too. But while we all
Get the latest update from Revenue. Newsflash. Find out their focus areas so they can take more money out of your pocket. As an organisation, they are brilliant at what they do. Collecting taxes is the game and we are all saints and sinners in the match. The saints are the good lads who pay
This blog aims to give you some insight into taking a dividend from your company. Sometimes, clients ask us, “Is it better to take a salary of a dividend?” In most cases, a salary or bonus is better but not always and it will depend on the circumstances. The big advantage of salary is that
This week we’ll look at travel expenses and proper records to pay them without deducting tax. Expenses for travel and subsistence is a focus area for Revenue. What isn’t a focus area for Revenue these days? I’ll introduce you to Slim Milkman who had a run-in with Revenue. They wanted €300,000 from Slim’s company for
I know a tax wish list for 2025 doesn’t set the pulses racing like Tom Cruise jumping from the roof of Stade de France. Or a new David Beckham line of underwear. But the small things keep us happy and small tax changes can put more cash in our pockets. Enough to fund some of
So, yes there was a sole trader to limited company last week. We introduced you to Prince Murphy and some of the main taxes when making the change. These included Income Tax and Corporation Tax. It was very insightful to see the tax savings over many years. We also touched on the salary that Prince
