The Blog

16 Mar

PAYE Workers – Claiming Refunds

You may be due a refund of some of the tax you paid for the years 2014 to 2017. To check if you are, you will need to review your tax for those particular years. There are two ways to review your tax: Request an End of Year Statement (P21). Complete a Form 12. End of Year

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08 Mar

Registering for tax when starting up a new company

Firstly, you need to register the company with the Companies Registration Office and once you receive your CRO number you should advise Revenue that you are setting up a company. If you are represented by an accountant/agent, your accountant/agent will be required to submit an on-line application on your behalf using the Revenue Online Service

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23 Feb

Taxation following marriage or civil partnership

Once you get married or register a civil partnership, you should advise the tax office of the date of your marriage or civil partnership registration and quote the Personal Public Service Numbers (PPS No.) for yourself, spouse or civil partner. For tax purposes, both spouses or civil partners continue to be taxed as two single

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12 Feb

P35 Deadline Approaching

P35 Deadline Approaching The deadline for filing of 2017 P35’s is 15th February 2018, with an extended deadline of 23rd February for those using ROS. A P35 Return is the annual summary of amounts payable by all registered employers to the Revenue Commissioners after the year end. P35 can be filed in the following ways:

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01 Feb

Rent a Room Relief

If you rent out a room (or rooms) in your home to private tenants, the rental income you earn will be exempt from income tax, provided this income does not exceed a certain limit in a tax year. This is called the rent-a-room relief.  A self-contained unit, such as a basement flat or a converted

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24 Jan

Medical Expenses Relief

A claim for tax relief must be made within four years after the end of the tax year to which the claim relates. Therefore, to claim for the year 2014 you must submit your claim before the end of 2018. You may claim tax relief in respect of the cost of certain medical expenses paid

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17 Jan

Succession of a Family Business

Quite often, in family businesses, the importance of careful planning for the passing of the control and ownership of a family business does not get the attention that it merits. You should plan to exit in the most financially beneficial and tax efficient manner both for the owner entrepreneur and the business. Ensure that the

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17 Nov

Tax Free Bonus

Under Irish Revenue’s Small Benefits Scheme, employers can reward employees with a non-cash bonus of up to €500 in value completely tax free each year. Provided certain guidelines are followed neither the company nor the employee will pay PAYE, PRSI or USI, potentially saving €653.65 in tax. To qualify for the tax exemption, only one

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