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 […]

read more

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 […]

read more

Income Protection Insurance… Have you got it?

Do you run your own business? Have you got Income Protection Insurance? When running a business, we all try to make sure we have our stock and premises covered by insurance, however, not many business owners think about insuring themselves. If you became ill and couldn’t work for a period of time – will your […]

read more

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: If your accountant is doing your monthly book-keeping you should try to make sure you are handing them over records that […]

read more

Appointing your Accountant

Don’t choose based on price alone – there won’t be a huge difference between firms charge rates these days A lot of firms now have set-fee pricing structures – this way you know exactly how much you are going to pay for the job – they also quite often allow clients to pay the bills on […]

read more

Income Tax Relief when Starting a New Business

INCOME TAX RELIEF WHEN STARTING A NEW BUSINESS The Start Your Own Business scheme provides for relief from Income Tax for long term unemployed individuals who start a new business. The scheme will provide an exemption from Income Tax up to a maximum of €40,000 per annum for a period of two years to individuals […]

read more