Residential Premises Rental Income Relief [RPRIR] is a new tax relief for landlords. It is only available to individual landlords and isn’t available to companies, trusts, or partnerships. RPRIR is a relatively new relief, and it applies for the four tax years 2024 to 2027. 2025 is the first year to claim the relief for
The question can my company help me buy a home popped up recently. When you think of it your company pays for your home. Your net salary pays the monthly mortgage. But what about the initial purchase of your home? Yes, it can help with that too. I’ll introduce you to Alex Dublin and his
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
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 some CGT Tips when selling property. I’ve been sorting out the taxes on several property disposals over the last few months. None have been straightforward. It’s not that they have been difficult but there have been little quirks in each case. I want to give you some tips. This should
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
The move from Sole Trader to Limited Company can be painful in the earlier years. Some business owners find it hard to see the value of the move. While the initial 12 to 18 months can be tough, we see huge advantages in making this move. Why? Well, we have been through this in our
I want to show you how investing in the numbers can add value to your business. That can make you richer and make everyone happier. Including Revenue. What sparked this idea was a call from my friend Johnny this morning at 8.20. “Well Johnny, what’s up”? “I’ve to tax the van and I need to
A new non-resident landlord withholding tax system or NLWT as Revenue call it. I know this is not the most thrilling news you’ll hear today, but it’s important if you are in this space. We have non-resident clients who we do this work for. The purpose of the blog is to give you an idea
Revenue Risk Reviews. Oh no, I must be in trouble! A Revenue risk review letter hits the ROS inbox on a Friday morning. OMG, that’s the last thing I need, as I am heading off to the match in Galway for the weekend, thinks Mary Boone. But in the back of her mind, she knew
