35 Wolfe Tone St Sligo info@mcdowellaccountants.ie 071 91 69647
If you need a tax clearance certificate in a hurry, write to me at jason@mcdowellaccountants.ie for an express application. A Tax Clearance Certificate is a written confirmation from Revenue that a person’s tax affairs are in order at the date of issue of the Certificate. In some instances a Certificate may be…
Wheter your PAYE of self employed the tax system in Ireland only issues tax credits as directed by you. We all recieve the standard credits (single / married persons) plus the PAYE credit but thats about it. Depending on your circumstances, and how they change can effect your credits and therefore the amount of tax…
If you were a tax payer in 2007, and have not cliamed tax relief on certain items, you have until 31st December 2011 to apply. Examples of what you may be entitled to tax relief on are : Medical Expenses (relief up to 41%) Service Charges 20% 3rd Level fees 20% Rent relief at 20%…
October 31st is fast approaching, and this date is important to all of us who pay tax under the PAYE system. It is an important date as it represents the last opportunity for PAYE workers to claim back a proportion of income tax and PRSI paid in 2009. If this opportunity is not taken, it…
Irish social welfare payments Jobseeker’s Benefit is generally taxable, but the first €13 each week is exempt from tax. Jobseeker’s Benefit payable to short-time workers is not taxable. The Child Dependant Increase payable with Jobseeker’s Benefit is also not taxable. Illness Benefit is not taxable for the first 6 weeks and the Child Dependant Increase is not…
The carers tax credit is available to married couples paying tax and can be worth up to €900 pa. To get it you have to be jointly assessed, the income of one spouse must be €5k pa (to get the €900) and up to €7k where the credit goes on a sliding scale. Contact us…
If you are a sole trader you will know the only claim you can make for travel expenses is based on receipts – be it petrol, insurance, road tax etc. If you are using your own car for business use, you will normally just keep the receipts from the petrol station as back up for…
Revenue have issued a note intimidating that under payments of preliminary tax (PT)for 2010, could result in an interest charge when you finalise your income tax liability for that year. I will try to explain this in a simple example. Say you pay PT of €500 for the year 2010 in this years submission. Next…
There is a special Capital Allowances Scheme for work on farm buildings and structures associated with pollution control where the work is carried out before 31st December 2010. There is an accelerated allowance in Year 1 of the lesser of €50,000 or 50% of the qualifying expenditure. This Year 1 allowance is regarded as a…
Just a quick e-mail to check to see have you completed the following form for PRSI relief on pension contributions. Only about 2% of people claim this relief. The relief can be back dated for 4 years. The link is www.revenue.ie/en/tax/it/forms/cgprsi1.pdf People who pay schedule E earnings are eligibile to claim PRSI relief on pension…
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