Category Archives: Company Director

Debt Warehousing Payment Plan

Plan

Debt Warehousing Payment Plan We will look at a debt warehousing payment plan. As a quick recap, Debt warehousing came into play to enable a business to warehouse its tax debts. Revenue love their acronyms and would call this the DWPP. Sounds like a political party! For most businesses period 2 ends on the 31st

Ten Last-Minute Tax Tips

10 euros

Our focus is to give you ten last-minute tax tips that could save you some money before the Income-tax deadline. The idea for this came from a tax meeting I had with a friend, Dash O’Donnell, who has a local business. Dash has a very good accountant but only found out about her large tax

Tax Returns 2021 – Saving Clients Money

Saving money

We are filing our client’s tax returns for 2021 so we are busy saving clients money. These are not the typical tax saving tips you will hear about. Let’s call them alternative tax tips. Our advice is “don’t do your own tax return” and this is best summed up by a quote from Albert Einstein.

Buying Commercial Property in a Company – 5 Tax Tips

Commercial Property

We look at 5 Tax tips when buying commercial property in a company. It can make good investment sense. But you should know what you are getting into. The taxes we focus on are Stamp Duty Vat Tax rate & surcharge Pay a dividend Selling the property Dick Jagger arranges to meet you. I can’t

Debt Warehousing – An Update

Happy woman

We want to give you an update on Debt Warehousing as period 2 draws to a close for most businesses. You will need to act in the coming months to plan to pay the taxes owed. This information is to help you understand the background and next steps. We will look at Overview – taxes

5 Tax Benefits for 2022 and 2023

woman with cash

We will look at 5 Tax benefits for 2022 and 2023 for employees and business owners. Some come into effect now and others will kick in in 2023. Our main focus will be on Increase in the lower rate band Increase in tax credits Rent Tax Credit USC – increase in 2% band Small Benefit

Helping Our Bookkeeping Clients

Hands Together - Teamwork

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

Pensions Drawdowns – Be the Man

Elderly lady

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

Thinking of Electric – The Time is Now

charging an electric vehicle

In last week’s blog, Aedin told us about her love of bookkeeping and how this helps our clients. Ger sent me some numbers on the BIK cost of having an electric car yesterday. It was a query that came in from a client about buying one. I looked at the numbers and it led me

Cost of Setting Up a Company in Ireland

setting up a new company

This week we will explore pricing and the cost of setting up a company with us. It is a question we are often asked by our clients and prospects. Whether you are moving from a sole trader to a company or forming a new company to trade you want to know the price. We will