Category Archives: Tax Tips

Tax Tips When You Sell Assets – Part 1

The weekend is upon us. According to recent surveys, we will be heading to the supermarket for the finest cuts of meat and treats. Oh, don’t forget the wine and craft beers! We will be a bit scruffier as we are not buying shampoo or razors. Going by the cut of me a hair grooming

Business Owners – Tax Tips for 2021

We are almost there where we can say goodbye to one of the worst months ever. Adios January we won’t miss you. Apart from the extension to level 5 until March let’s hope that February will be a better month. We need to get the small ones back to school and if we can continue

Company Directors – What salary do I need?

We are dragging ourselves through January which was best described by a friend as a very bland month. We will persevere and hope is on the horizon. Great to see numbers dropping in a small way. It’s fantastic to see healthcare workers and people in nursing homes getting vaccinated. It would be a major plus

Tax Saving Tips – Part 2

Hard luck to Waterford last weekend. What can you say? They came up against a team that was on fire on the day. Limerick were like a human wrecking ball that smashed everything before them. Their whole team was excellent and had 3 or 4 wonder performances on top of that. Huge credit to Waterford

10 Tax Saving Tips – Part 1

I have to start this blog by wishing Waterford the very best on Sunday afternoon. It would be an amazing achievement to get over the line. It’s exciting to see all the flags around and the buzz it’s creating. Best of luck to the panel and the background team from all at Comerford Foley. The

Salary or Dividends or both?

Last week we looked at two options when taking money from your company. This was either salary or dividends and we looked at the tax consequences of both options. If you want to get the basics from last week’s blog Read here When deciding to take salaries or dividends your circumstances may not be straightforward:

Non-Resident Landlords – Do you need help?

If you rent a property in Ireland but you’re a resident of any other country worldwide, you are what we call a non-resident landlord. If you’re getting rent from your property in Ireland, the money you’re making comes under Irish taxation law, and so you’re required to complete an Irish tax return to declare that

Non-resident Landlords – How to return my income?

Things on the political front are quite crazy across the water and the uncertainty isn’t good for anyone, so hopefully a workable solution for all will be the final outcome. Teresa May is one formidable lady and must be under severe pressure. On the sporting side of things the writer is extremely happy about the

You Ask, We Answer – “Don’t Do Your Own……!”

You Ask, We Answer – Don’t Do Your Own.. We were chatting in the office yesterday and we all agreed that it’s a “funny” time of year in that people tend to get a bit stressed out and act a bit abnormal around this time compared to other times in the year. I can’t put