We will look at some key Income Tax dates and how it will cost you if you miss them. Let us introduce you to Mick and Dick Moody. They are brothers and farm in partnership together. They love their music and have a wedding band called the Moody Blues. Mick has a very relaxed style
Is the Land Rover Discovery a car or van for BIK? This is relevant to other similar types vehicles taxed as “commercial” for Vat and VRT. You will get to meet Tom Dunne and Bill Flynn, directors of Bigbiceps Ltd [BBL], a supplement supplier. The main areas of focus are Car or Van – what’s
This week we will look at the Single Person Child Carer Credit [SPCCC]. It is a little tricky and warrants 12 pages of guidance in a recently updated Revenue manual. It’s important to understand the rules. We will introduce you to a primary claimant and a secondary claimant. You’ll meet the Bagges. And find out
We will discuss a recent case that involved Retirement Relief and farming. This case is not only relevant to farmers but to business owners too. It came up on my news feed last night and piqued my interest. How much tax was in play? What were the circumstances and who won? I got stuck into
In this blog, we will see how Separation and Divorce is a taxing issue for many people. They only find this out after the fact. We have seen this to be problematic in a few cases where people came to us for help getting things right. It’s not an area you would expect a person
Landlords Tax Changes in 2023 We will look at Landlords tax changes in 2023. While the focus of this is to look at changes, we will also look at some planning tips. The main areas to focus on are Pre-letting expenditure Retrofitting Rent tax credit Planning Tips The changes came in from the 1st
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
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
We will look at some Revenue focus areas for 2023. The information for this came from a recent joint Revenue and Institute of Tax webinar. This is an opportunity for Revenue to get its message across. “Lads we are going to be looking at these areas, in particular, so don’t say we haven’t warned you”.
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
