Blog

PAYE MODERNISATION

The ongoing modernisation of the PAYE system will mean that the new SMART reporting will come into effect in January 2019. Under the new system, employers will need to calculate and report their employees’ pay and deductions in real time – ie – as they are being paid. This will make it easier to deduct […]

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ARE YOU READY FOR SMART PAYE?

SMART PAYE is coming in January 2019 as part of the PAYE modernisation being undertaken by Revenue. SMART PAYE The objective of PAYE modernisation is to deliver real time information. Revenue, employers and employees will have the most accurate, up to date information relating to pay and statutory payroll. This will ensure that right amounts of […]

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REBUILDING IRELAND HOME LOAN

The Rebuilding Ireland Home Loan is a new initiative from the government to help first-time buys who have been turned down by the banks. It’s available to everyone who earns an income of under €50,000 (whether in employment or self-employed). If you are applying jointly, the income ceiling is increased to €75,000. If you are […]

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TOP 12 ALLOWABLE EXPENSES FOR SMALL BUSINESSES

CAR & VAN EXPENSES Most businesses use a car and/or van. The cost of operating the vehicle is deductible as a business expense. However, the car/van should be in the business owners name, and any personal use will need to be disregarded when preparing the income tax return.   EMPLOYEE SALARIES The salary you pay […]

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10 TAX SAVING TIPS FOR PEOPLE IN BUSINESS

Everyone expects to pay tax, however, are you sure you are not overpaying your income tax? Below are some of the most common (and easiest) ways to save tax on your business: Set up a pension fund (if you haven’t already) Not only is this good financial planning for your future, but it also gets […]

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Revenue Code of Practice

Revenue are changing their code of practice in relation to the correction of errors on submitted tax returns. From 1st May 2017 onward, any errors (or omissions) made in income tax returns that relate to offshore matters cannot be declared or amended without Revenue involvement.  Offshore matters are things like: Offshore bank accounts Income earned […]

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DIRT Relief for First Time Buyers

There is a little known tax relief for people who are buying (or building) their first home. If you are a first-time buyer of a house (or apartment) which you intend to use as your home and use your savings as a deposit, then you could claim a refund of the DIRT (deposit interest retention […]

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Tax Back on College Fees

Did you know that you can get tax relief at the standard rate of 20% on tuition fees paid during the year? How does it work? You can claim tax relief on tuition fees paid for third level courses, however, you cannot claim tax relief on Examination or administration fees or any part of the tuition fees […]

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Did you get your P60 for 2015?

Are you shocked by the amount of tax taken out of your wages in the year? If you think you might be due tax back, then contact me and I can check it for you. There are loads of tax reliefs available that people just don’t seem to know about or claim.

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Hassle Free Rental Income for North County Dublin

Fingal County Council have a new incentive to get more rental property on their books. Its called their Long term Lease Scheme and the details are as follows: From 5 to 20 years (you choose the length of time), you could have: no vacancy costs, no letting fees, no rent arrears and no day ­to […]

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