The Blog

11 Aug

Tax Relief on Tuition Fees

Tax Relief on Tuition Fees The rules governing tax relief on monies paid to colleges are very restrictive and in most cases the relief available is minor.  An individual can claim tax relief on fees paid for Third Level courses in respect of any person as long as he or she has paid the qualifying

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09 Aug

Claiming Entitlements – Four Year Rule

If you are entitled to additional tax credits or reliefs that you have not yet claimed, you should claim your entitlements on a timely basis. The rule in Ireland is that, if you are looking for a refund of tax paid, you must make an application within four years. If you were making a claim

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02 Aug

Changing your business to a Limited Company

If you are a business owner operating as a Sole Trader but you are considering incorporating as a Limited Company then there are some points to consider. Every business owner has different long-term goals and lifestyle plans. As your business is your source of income, the decision to incorporate is one that will be heavily

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21 Jul

Holiday Home Rental Income

The summer holiday season is now well underway.  If this is your first time providing holiday accommodation then you need to be aware that you need to file a tax return declaring the rental income you earn.  Income tax must be paid on the profit you make on renting out your property and this is

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19 Jul

Emergency Tax Explained

Your employer is obliged to operate emergency tax on your income in certain circumstances. When is emergency tax applied? Emergency tax is used by an employer when the employer has not received: a Tax Credit Certificate (TCC) for the current year your current year or previous year Form P45from you you have given the employer a

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29 Jun

Registering your new employment with Revenue

With the onset of the summer holidays a lot of students may be starting employment for the first time.  Changes to PAYE services with Revenue means the responsibility to register for income tax and notify revenue of your new employment lies with you the employee. When you start working for the first time (even if

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23 Jun

Changes to Revenues PAYE Services.

PAYE Anytime service is no longer available. This service was first released back in 2005 and could not be easily accessed on mobile devices such as smartphones or tablets. You will now be able to do all your PAYE business online in the enhanced PAYE Services in myAccount which can be accessed on all mobile

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20 Jun

Revenue raise objections on Co-op shares test case

Revenue officials have raised an objection to the farmer involved in the test case for the appeal against tax demands on co-op patronage shares. Deloitte have sought clarification from the State body on the reasons behind the move. Farmers have been concerned at being left in a state of ‘limbo’ after Revenue issued tax demands

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07 Jun

SUSI and Your Income Tax Return

While most people will focus on the 31st October 2017 for their 31st December 2016 Income Tax Return, those intending on applying for a student grant through SUSI will need to prepare their Income Tax information much earlier, as this information will be required as part of the application. The closing date for new applications for the

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