Tag Archives: Tax compliance

Company Taxes – The Basics

Business meeting

We’ll have a look at Company Taxes – The Basics, so please stick with me as it’s a hard sell. The best way to do this is by using an example to run through the basics. This will help you stay awake. Trust me on this one. Let’s delve into Introduction The Agenda The Meeting

Non-Resident Landlords – Beds are Burning

Burning money

Non-resident landlords – Beds are Burning. There’s a new tax system in town and it’s gunning for you. It will take money from you and give it to Revenue. And it will be up to you to get it back. The lyrics of the Midnight Oil song Beds are Burning are washing around in my

Starting a New Business

Shop open

I had a meeting this week with Bridget Higgins who is starting a new business. Already working, this is a new gig for her, and she wants to get things right from the start. It got me thinking that we didn’t write anything about this before. Plus, it could help to point you in the

Non-Resident Taxes – Times Are A-Changin’

Moving abroad

Like the Bob Dylan song, in the world of Non-Resident Taxes, the times are a-changin’. Not before time too as there was a lot wrong with the old system. But there’s no point looking into the past. It’s time to drive on and embrace the new. We will look at George and Amy Wong Non-Resident

Tax Tips for Accidental Landlords

stressed woman with a glass of wine

We will look at some tax tips for accidental landlords. We all hear about landlords exiting the market in their droves. A perfect storm of rising interest rates, rent pressure zones, and plenty of red tape. The tax system here can quickly squeeze out the already squeezed middle. The purpose of this is to help

Property Purchase in Trust

Property Purchase in Trust

I had a meeting on Monday that involved a property purchase in trust for a child. This isn’t something we would see often so I needed to do some prep and get more information. It turned out to be a very interesting meeting and has me doing some head scratching since. We will look at

Key Income Tax Dates

Calendar

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

Land Rover Discovery – Car or Van for BIK?

Land Rover Discover

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

Single Person Child Carer Credit

Mother and children

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

Separation and Divorce a Taxing Issue

Broken heart- game over

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