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
I will look at the tax promises of the three largest parties, Fine Gael, Fianna Fail, and Sinn Fein, from Election 2024. Shifting through election manifestos the night before the election wasn’t in the plan for last night. But then when I got into it, I found some of the promises were very interesting. And
We provide a collection agent service to our non-resident landlord clients. We’ll talk about what the service is, why you need it, and what we do and don’t do. Plus, we’ll give you an example of how it all works. The main focus points will be Non-resident landlord What we do What we don’t do
We’ll look at some tax tips when buying rental property. Last week I introduced you to Timmy and Fidelma Toner. They had a lot of outgoings but got a very nice tax refund for 2023. Enough to fund a good summer holiday on the Algarve and leave their boys at home. They had a combined
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
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
Let’s explore some Tax Tips for Farmers. Podge is a good friend of mine and a client too. Back in my hurling days, I used to mark him in training and he in turn marked me too. Still have the scars on my back. War wounds he calls them. Young Podge is in employment and
Non-resident landlords – Beds are Burning. There’s a new tax system in town and it’s gunning for you. It will take money from you and give it to Revenue. And it will be up to you to get it back. The lyrics of the Midnight Oil song Beds are Burning are washing around in my
Like the Bob Dylan song, in the world of Non-Resident Taxes, the times are a-changin’. Not before time too as there was a lot wrong with the old system. But there’s no point looking into the past. It’s time to drive on and embrace the new. We will look at George and Amy Wong Non-Resident
We will look at some tax tips for accidental landlords. We all hear about landlords exiting the market in their droves. A perfect storm of rising interest rates, rent pressure zones, and plenty of red tape. The tax system here can quickly squeeze out the already squeezed middle. The purpose of this is to help
