Article re-produced with the kind permission of Taxworld. (www.taxworld.ie) In relation to income tax, the concept of residence can be important. If you are not resident, you may not be liable to tax!! Resident individuals If you are resident and domiciled in the Republic of Ireland (ROI), you are liable to Irish income tax on […]
Important Updates
Employing family members in your business
You’ll probably find that your spouse is nearly always involved in some shape or form in the running of your business so there should be no difficulty in justifying a salary payment for income tax purposes. For PRSI purposes a person who is directly employed by their spouse is not considered to be in insurable employment so no Employers PRSI payments are due.
Preparing your books for your Accountant
The more work you can do before handing your books over to your accountant, the less donkey work they have to before getting down to the important work of saving you money on
your taxes
How You Can Avoid Costly Unfair Dismissal Cases in Your Business
A successful unfair dismissal case against a business can cost the employer up to two years’ remuneration in compensation. A successful equality case can have a compensation award made against an employer for up to two years’ salary and, in certain gender discrimination cases – particularly involving maternity issues – awards have also tended to […]
SCAM ALERT
There is a spam email doing the rounds allegedly from the “Irish Tax Authorities” telling the recipient that they have a small refund and they need to click into the link to claim it. You will be able to identify its a scam by the following: No PPS number included No harp on the email […]
