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
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
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”.
Letters, letters, and more letters. They are on the way. In this Autumn Tax update, we will let you know what’s coming down the line for businesses. The main points we will look at are Debt Warehousing – Self Review Debt Warehousing – End of Period 2 Local Property Tax Ulster and KBC bank accounts
Every quarter Revenue release a tax defaulters list. We will look at sectors that appear on the list and what the interest rates and penalties are. Plus tips to keep you off the list. The latest one was on the 14th of June last for the first 3 months of this year. Following on from
Revenue audits, tax collection and tax compliance are all things that can be a little scary to business owners. All these things could have you thinking: is Revenue watching me? I was on a tax course with Omnipro last week and Brendan from MK Brazil was the speaker. He was excellent as usual. One of
