Every Irish company is obliged to make an annual return to the Companies Registration Office (CRO). This annual return comprises Form B1, to which must be attached a set of financial statements (accounts)…
A business can reimburse its employees and directors for certain motor and travel expenses without the deduction of tax provided certain conditions are met…
Once you have formed your company with the Companies Registration Office, you will need to separately register your company for taxes. Form TR2 can be used to register for a number of taxes, including Corporation Tax, VAT and Employers PAYE…
Under the TaxSaver Commuter Ticket Scheme, employers can provide tickets to employees as part of their salary package or in lieu of an annual bonus. Employees effectively get the tickets tax free.
In general, when a business purchases machinery or equipment, it can claim the cost against taxable profits over 8 years as a capital (wear and tear) allowance. However, where the machinery or equipment is energy efficient, the full cost can be claimed in year 1.
Are you an employee and use your car for business travel? If your employer doesn’t reimburse you for using your car for business journeys, did you know that you can reclaim tax from Revenue?
The Local Property Tax (LPT) is a tax payable on the market value of residential properties. A return is due if you held a property on 1 May 2013. Depending on the market value of your residential property, you will pay a different amount of LPT. The return can be filed on paper or online and there are a number of payment options. Exemptions and deferral options are available.
The Cycle to Work Scheme was introduced to encourage employees to cycle to work. It offers a tax incentive to employees and employers whereby the employer purchases bicycles and equipment for employees without it constituting a benefit in kind. Employers and employees can also agree a salary sacrifice to cover the cost of the bicycle and equipment.
Do you work full time or part time from home and only occasionally visit the office?
Are you an employer and want to provide equipment to your employees so that they can work from home?
As well as the work/life balance benefits and time savings, there are many tax benefits to eWorking.
Thinking of giving up your day job and running your own business? Then you should be aware of the PRSI differences in terms of both rates and entitlements when you move from employment to self-employment.