If you have a tax query or a general financial questions please post it here and I will answer it as soon as possible. Thanks Jason McDowell
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35 Wolfe Tone St Sligo info@mcdowellaccountants.ie 071 91 69647
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Hi Jason,
I’m a sole trader and I’d like some further advice on reducing my tax bill. Can you confirm I can claim back the following expenses as per revenue guidelines? Mileage allowance, subsistence, and overnight allowance? I also work from a home office so what percentage should I use for claiming back heat, light? Finally, my wife works in admin for me so to further reduce my tax bill how should I pay her? She is a full time mum but she still works with me? My earninngs are in excess €100k.
Yes Revenue have confirmed a self employed person can use the civil servant allowances for mileage and overnight stays.
check my site for more details.
http://www.mcdowellandco.com/?page_id=24 (see number 3 and 6).
Also, again as I said on the site you can employ your spouse and pay her a salary ….see this link and check number 2.
http://mcdowellandco.com/?p=14
One to watch though is that she would loose entitlements to social welfare payments is she has not prsi contributions – check this with social welfare.
Got a more senior view now from a Revenue Official who now say a Self Employed person CANNOT use mileage and subsistance allowances.
McDowell & Co
Accountnants
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