Posts Tagged ‘tax’
Tax Free Vouchers increased to €500 annually
Tax Free Vouchers Employers may now give a voucher worth up to €500 to an employee tax free since 22nd October 2015 following recent publication of the Finance Bill 2015. This is increased from the exiting €250 but like the previous one terms and conditions apply. A welcome break for employers and employees who may want to…
Read More80% of Commercial Property Owners are not tax compliant
The Capital Goods Scheme (CGS) requires that every property owner creates and maintains a ‘Capital Good Record’ (Section 64(12) and Regulation 27(1)(v)VAT Regulations 2010), for each developed property (capital good) they own. It is effectively a VAT passport for the property. Properties cannot be sold without it. Findings suggest that over 80% are not compliant, shockingly the…
Read MoreHigher tax relief for landlords in rental market
Significant tax reliefs for landlords and longer leases for tenants are part of a radical new Government policy document (http://www.per.gov.ie/wp-content/uploads/Social-Housing-Supports-Cross-Cutting-Paper-CRE.pdf) to give the rental market its biggest overhaul in a generation. • An estimated one-in-five households (305,000) are now renting. • An end to the practice of ejecting tenants when a property is being sold.…
Read MoreGovernment tax incentives
some context
Read More4 Essential Irish Taxation & Business Forms
We get many requests for information relating to the topics of 4 areas relating to Irish taxation. This is why we decided to make life easy for you by providing the following four forms: Application for PRSI Refund in Respect of Pension Contributions Permanent Information Checklist Directors Expenses Claim Form New Company Order Form
Read MoreHelpful Irish Taxation, Business and Government Links
Government Company Registration Office Office of the Director of Corporate Enforcement Courts Service Ireland The Equality Authority The Pensions Board The Competition Authority Department of Justice, Equality and Law Reform Department of Enterprise, Trade and Employment Irish Small and Medium Enterprises Irish Business and Employers Confederation Small Firms Association Chambers of Commerce Ireland Dublin Chamber of…
Read MoreServices Contractors Project – Nationwide.
Recently, Revenue ran a project (Services Contractors Project) which involves the reviewing expenses claimed (travel, subsistence and similar expenses) by companies set up by individuals as a vehicle to provide contracting services are being targeted in the South West of the Country. They are now extending this project nationwide. It is reported that Revenue are…
Read MoreInternet selling…. BEWARE
Selling on the internet, may not be as straight forward as you might think…..The Irish revenue are reviewing what the Revenue and Customs have done in the United Kingdom recently.
Read MoreWork with the Tax-man to help with your late tax payments.
An Article that appeared in the Irish Independent, June 2012, advises Individuals and Small Business Owner to work with Revenue. The owners of small businesses and personal taxpayers, striving to survive, should approach the Revenue Commissioners when the cash flow is not there to pay their taxes as they fall due. However, this is the reality that…
Read MoreSuccession Planning Passing on the Family Business
As experienced business and taxation advisors we see firsthand the practical difficulties in successfully transferring the family business to the next generation. Much of it comes from lack of communication and planning. Research shows that only 25% of family businesses successfully pass onto the next generations. However, if succession is looked on as an opportunity…
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