Extension of Income Tax Deadline for ROS Customers for 2019
Revenue have announced an extension to the income tax deadline for those taxpayers paying and filing their return online. The due date is extended from 31 October to 12 November …
Resources
How to shutdown your company and avoid a liquidation
When forming companies for clients, I am often asked how much hassle is involved in closing a company, if it is no longer required. Normally, a liquidator would need to be appointed, which can be expensive. However, if a company ceases to trade and has no assets or liabilities (or they are less than €150), then the company can request to be struck off the register, which is a much simpler process.
4 Tax Tips to Save You Money
There are simple steps you can take every day which will save you, your employees and your business a lot of money in the long run. 1. Keep all of …
An Employee’s Guide to Claiming Tax Back on Motor Expenses
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?
Comply with VIES when Supplying to the EU or face a €4,000 penalty
VIES is a system of exchange of certain VAT data between EU Member States to combat fraud and other irregularities. Certain supplies of goods and services to businesses in other EU Member States can be zero-rated for VAT purposes but this comes with an obligation to file a VIES return on a monthly or quarterly basis. […]
How Employees can claim Tax Refunds
PAYE taxpayers are entitled to various tax credits and reliefs depending on their personal circumstances. Many of these credits are already taken into account when you receive your net wages. However, some of these credits and reliefs need to be applied for each year such as relief for medical expenses. […]
How to Claim Tax Back on Medical Insurance paid by Employer
Many of you may know that tax relief is granted at source for medical insurance (such as VHI, Quinn and Aviva). This means that the amount you pay your insurance provider has already taken tax relief into account. However, if your employer pays all or part of your medical insurance premium, you may be entitled to tax back. […]
Find out if you need to pay tax on your Social Welfare Payments
The short answer is, if social welfare payments are your only source of income, probably not. However, if you have other sources of income, such as an occupational pension, it could bring the social welfare payment into the tax net. […]
How to claim Corporation Tax Relief for Start Ups
The relief allows an exemption from Corporation Tax for the first three years of trading provided certain conditions are met. The company must be carrying out a qualifying trade. The value of the relief is based on the Employers PRSI paid by the company up to a maximum of €5,000 per employee and an overall maximum of €40,000. […]
A Guide to Formatting Invoices and Letterheads
Before you finalise the design of your company stationery and forms, you should ensure that they comply with the Companies Acts 1963 to 2009 and the Tax Acts. […]