35 Wolfe Tone St Sligo info@mcdowellaccountants.ie 071 91 69647
If your spouse is a director of your company do not give him/her more than 15% shareholding if they are being paid a salary otherwise they will loose the PAYE tax credit worth €1,830.00 For more information contact us… jason@mcdowellaccountants.ie
Great News for Smart Business People – Commercial Rural Renewal Relief (CRRR) Press Release |
Make the most of all tax breaks out there especially ones which are easy to apply! E working is where the Revenue Commissioners allow you to pay someone €3.20 a day for working at home for your business. This could be your son or daughter doing valuable research for your business on the net in…
1.Employing a child. Employing a child in a business means that child can earn up to €18,300 tax free (although the income levy could apply) if the proprietor of the business registers as an employer for PAYE and PRSI purposes). This figure takes account of only the personal and employee tax credits. There is no…
PAYE tax payers ! Claim your income tax refunds for previous years now ! The deadline for 2005 closed on the 31st December 2009 so do not leave it to late to claim refunds for 2006. This includes tax credits you have not claimed as yet, for example.. married persons tax credit. medical expenses. dental…
Nursing home fees still allow tax relief at 41%. This means if you are paying €20,000 per year to a nursing home you can claim back up to €8,200 in tax if you are paying tax at the higher rate. If your son/relative or other family are paying this for you they can claim this…
I am launching today a new section dedicated to Older people. Here, I intend to post a range of ideas which may save you money, in the form of tax or otherwise. Today I start with DIRT tax : People over 65 You can get your deposit interest paid without the deduction of DIRT or…
With the 31st October deadline looming upon us, by now you may have finalised your accounts for 2008 and have submitted all necassary information to your accountant…….and then again….! Either way, here is a a few ways of reducing your tax a liability which your accountant may or may not have used ! 1. Employ…
We welcome any tax related questions to this web blog. A friend asked me an interesting question in relation to sick pay for PAYE and the possibility of a tax refund. Here is that point – Q. I was off sick for 3 weeks in 2009, and my employers paid me full pay. Cheques I…
Make the most of all tax breaks out there especially ones which are easy to apply! E working is where the Revenue Commissioners allow you to pay someone €3.20 a day for working at home for your business. This could be your son or daughter doing valuable research for your business on the net in…
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