Category Archives: Accountancy

posts related to accountancy, taxation and Revenue rules. Advisors.ie is an accountancy practice in Dublin 2 we deal primarily with SME’s and sole traders, we also have a financial advice service and a brokerage attached.

News of the World: Money Saving Expert – Golden Opportunity

There are five precious metals (we’ll exclude the precious radioactive ones): Gold, Silver, Platinum, Palladium and Rhodium, the last is the most expensive, when Barack Obama wanted to give Michelle a gift for having won the Presidency, he gave her a Rhodium ring. The others are all better known and you might even own some in the form of jewellery or in coins.

Irish Times: Is it too late to fix your mortgage?

According to Karl Deeter, of Irish Mortgage Brokers, trying to second-guess the market in the long term is “an impossible art” and the time to fix, for many, has already passed. He points out that this time last year Permanent TSB was offering a 10-year fixed rate from 4.6 per cent, compared with 9.1 per cent today. “The horse has already bolted,” Deeter says. “The smart money always goes first and the stupid money goes at the end.” He recalls clients with seven-figure mortgages who left low-cost trackers early last year to sign up for 10-year fixed-rate mortgages to give themselves a degree of security until 2020, but he would not advise people to do that now.

Sunday Independent: Personal debt crisis will be country’s next body blow

We were delighted to get mentioned in the Sunday Independent, a paper that has over 1,000,000 readers. The piece was by Daniel McConnell and was titled ‘Personal debt crisis will be country’s next body blow’.

Sunday Times: Relief cuts cost the cautious

FIRST-TIME house buyers risk losing up to €26,100 in mortgage interest tax relief if they put off purchasing until next year. Karl Deeter, of Irish Mortgage Brokers, said: “Couples would have to earn an extra €50,000 before tax to make up for the interest relief they’d lose by not buying in 2011. They’re better off buying now, even though houses prices are likely to be lower in 2012.”

Sunday Times: Guard against rising rates

e were pleased to get a mention in the Sunday Times article by Niall Brady on the topic of rising costs: Irish Mortgage Brokers: Deeter has opted for Permanent TSB’s 10-year fix of 4.5% for the new home he hopes to move into in six weeks’ time. This is the best long-term fix available, although it will cost considerably more than the tracker loan on Deeter’s current home.

Irish Examiner: Rate hikes loom for tracker mortgages

Irish Examiner, Wednesday 16th February 2011: Niamh Hennessy reports – TRACKER mortgage holders could be hit with up to five interest rate hikes by the end of next year — adding €150 a month to a €200,000 mortgage.
Operations manager with the Irish Mortgage Brokers, Karl Deeter said the increase in rates will bring pain to a lot of people who have been exempt from the variable rate hikes.

Site Value Tax: 10 points in favour of it

Of the main changes we could consider in the near future from a national taxation perspective, none holds the potential for positive outcomes to the same extent as Land Value Tax (LVT) or Site Value Tax (SVT). Below are several points looking at why this is the case:

Dear Revenue: Don’t Tread on Me

We regret not taking that case to court and we vowed not to let it happen again, we are no longer accepting what we believe to be bullying tactics used by the Revenue any longer, instead we will advise our clients to go to court and we will provide expert witness services for them where and when required. So it is with great joy that we got our first win today.

News of the World – Advisors.ie writing on Mortgages

We were covering mortgages in this weeks Irish edition of News of the World, looking at the affects of changes in taxation and other aspects that could make the cost of a house rise even though the price may fall.

EBS to hike mortgage rates

The building society is unusual among lenders as 60pc of its mortgage holders are on variable rates, unlike other lenders where the majority have trackers, according to Karl Deeter of Irish Mortgage Brokers.