We are going to look at some Corporation Tax tips to help your company save taxes. Larry Barry owns 100% of an engineering company Barry Can’t Swim Ltd. It arrives at my desk to review the taxes. Larry is a good man to throw a few tax conundrums our way and he certainly didn’t disappoint
We’ll look at some tax tips when buying rental property. Last week I introduced you to Timmy and Fidelma Toner. They had a lot of outgoings but got a very nice tax refund for 2023. Enough to fund a good summer holiday on the Algarve and leave their boys at home. They had a combined
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
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
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
Payroll. It isn’t easy you know. I see it as a mixture of IT, Payroll, Tax, and HR. Payroll is something I love doing. There’s great satisfaction in helping clients and their employees. A small difference in take -home pay can prompt a call to find out what’s going on. We are in an era
We’ll have a look at some of the Revenue Focus Areas for 2024. Some of the usuals continue to appear and it doesn’t take a genius to know why. There are a few new target areas too. You may know some of these. Revenue have so much information on us that they could do a
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
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
We’ll look at 10 last-minute tips to help with your Income Tax returns. It’s a busy time of year in the office. Training is on hold. Tea breaks are shorter, and lunches just about happen. The Tax Return deadline is looming. Accounts for review and finalise. A few weeks to go till the deadline hits.
