We’ll look at some examples of how tax efficiency saves money. Plus, introduce you to the main stars of this blog, the Toners. By claiming everything they can and making a few changes the Toners will save thousands in a tax year. It could be the difference between a holiday in Portugal or a day
Category Archives: Tax Advice
08
Mar
Mar
What is a Deed of Covenant? A client asked us that question during the week. It’s a question we have on our Income Tax checklist. We send a checklist to clients to fill in before we complete their Income Tax returns. It got me thinking about covenants and the tax benefits for the payer and
01
Mar
Mar
To give this blog its full title I should call it Tax Refunds and the Millions Left Out There. Hundreds of millions. And it’s your money. Plus, Revenue don’t make it easy for you to get it back. It’s locked away in their secure vault! I’ve had a few different meetings in the last few
23
Feb
Feb
What can I claim VAT back on is a common question posed to us. The bookkeeping team here is well-versed in claiming VAT back for clients. They do this every two months for most clients and VAT can be quite a complex area with all the different rules. There will always be queries when it
09
Feb
Feb
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
26
Jan
Jan
To give this blog a more complete title we should call it, Gifting money to children – Don’t do this. We will look at a recent case on this. The beauty of the case is that it gives a good idea of the basics of CAT. Plus, a lesson in what not to do. CAT
01
Dec
Dec
Getting a tax refund on ceasing employment has surfaced a couple of times in recent weeks. The most relevant and eye-opening one was in a prospect meeting earlier this week. Both involved an exit package from their employers. So, there was a bonus or termination payment on top of salary at the time of ceasing.
Business Transfer, Company Director, Selling My Business, Tax Advice
Retirement Relief – Changes in 2025
17
Nov
Nov
There are Retirement Relief changes in 2025. From 1 January 2025, Revenue will introduce some new rules. Why 2025 and not 2024? The thinking is that it allows business owners to benefit from the old rules. Some planning opportunities in 2024 before the changes in 2025 kick in. You’ll see what I mean below, at
03
Nov
Nov
What your company can do for you. By that I mean, what do you pay for, from net salary, that your company could pay? A typical reaction would be. Oh, I never thought about that. But why would you? We’ll look at some obvious things and a couple of less obvious costs where your company
27
Oct
Oct
Good tax compliance is so valuable. It has never been as important as it is now. That sounds like something the Chairman of the Revenue Commissioners would say! True, but from a practitioner’s viewpoint we can see the value it gives to clients. In this, we will outline some examples of good tax compliance and
