Resources

Beneficial Ownership Register

Beneficial Ownership Register

Internal Beneficial Ownership Register All companies are required to keep an internal beneficial ownership register. This contains a list of the beneficial owners of the company. For simple company structures, …

Extension of Income Tax Deadline 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 …

Closing a company without 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.

PAYE taxpayers are entitled to various tax credits and reliefs depending on their personal circumstances.

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. […]

Tax relief on medical insurance.

Tax Relief on Medical Insurance

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. […]

Social welfare payments.

Paying tax on 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. […]