Farming has been one of the oldest trades to survive in Ireland, and with minimal profits to be made from this industry today; most farmers are in it for pleasure more than gain. However, there is potential to reduce gains made on your farm income by following these steps. 1. Employing family members. You can…

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Employing a good accountant is the first and most obvious move to make when trying to keep your tax bill down. Complementing this is for you yourself to invest a bit of time into learning the tax system and becoming aware of the various schemes out there to help you learn the tax system. This…

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Tax relief for personal pension contributions is limited to 15-40% (depending on age) of relevant income up to €262,382 (for the 2007 tax year) as adjusted for inflation annually. You may qualify for tax relief in respect of donations made to charities and other approved bodies such ad educational institutions. Tax relief is granted to…

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