Category Archives: Tax Tips

Deed of Covenant

Parents and child

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

Tax Refunds

Safe

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

Tax Tips When Coming to Ireland

Coming to Ireland

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

Gifting Money to Children

careless person

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

Enhanced Reporting Requirements – Ten Tips

Frustrated lady

Enhanced Reporting Requirements [ERR] is almost upon us. We are going to give our top ten tips to help you cut through the jargon. Some of the tips need action before the end of this year. Our ERR 10 tips will focus on What is ERR When is it coming in What you have to

Tax Refund on Ceasing Employment

Money in back pocket

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.

Mortgage Interest Relief 2023

Money

I know Mortgage Interest Relief isn’t the most exciting topic in the world. But would an extra €1,250 in your pocket excite you? Most of the tax changes in the recent budget apply from 1 January 2024. Not mortgage interest relief though. It applies for 2023. We’ll take a closer look at What it is

What Your Company Can Do For You

Couple in Love

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

Family Wages and Company Expenses

Courtroom

We’ll look at a dispute for a deduction for family wages and company expenses between Revenue and a taxpayer. This arises from a recent tax appeals case that has some very interesting lessons. Let’s call the taxpayer Sanjay Singh. We’ll focus on Introduction Background Evidence for Sanjay Case for Revenue Outcome Lessons Introduction Sanjay is

Take Home Pay in 2024

cash notes

What will be your take home pay in 2024? We are all budgeted out at this stage. I had enough after getting my 5th of 9 budget briefings. When deciding on a blog topic I asked myself what interests people the most. For me, it’s the amount of extra cash in my pocket. To pay