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
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
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
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
Mary O’Leary had a Revenue Profile Interview earlier this month. Mary is an auctioneer. It was mid-July and Mary was sitting in her office after her morning coffee on the seafront. Pat, the friendly postman, drops the day’s mail on the desk, and off he saunters again. Mary has half switched off as her holiday
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
