Thursday, December 13, 2012
The expression ‘at least Dick Turpin wore a mask’ is used to describe the times somebody robs you blind right to your face. This week I’m sure almost every person in the country could identify with that statement as they watched the twin forces of Michael Noonan and Brendan Howlin unleash cuts that hurt just about everybody, at least they didn’t discriminate. A few weeks ago I wrote about the way that politicians will hammer regular people always and without fail, a few of you wrote back saying it didn’t have to be like that, and my response was (and is) that it remains the fastest and easiest road to take, which is why people of every political ideology end up doing it.
Also filed in Accountancy, Advisors.ie In the Press, Capital Gains Tax, Deposit Interest Retention Tax, tax relief at source, Taxation, Wealth
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Tagged austerity, bludget, budget, budget 2013, irish budget
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Thursday, November 1, 2012
Lots of time is spent in finance columns where the writer is really trying to demonstrate how smart they are rather than showing you a way to save money. I don’t try to prove I’m smart because the truth is I’m a regular person like anybody else, but what I am good at is practical advice that works. Which is why this week I’m going to share one of finances best kept secrets, it’s how to get tax relief on your life insurance! You can call any life insurance company and probably never be offered what I am going to show you today, but trust me, it is both true and accurate.
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice, Insurance, Investment, Pensions, Taxation, Wealth
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Tagged cheaper life cover, life insurance, pension term assurance, section 785 policy
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Friday, September 7, 2012
We spoke to TV3′s The Morning Show about claiming allowances, tax returns and pensions
Also filed in Accountancy, Advisors.ie In the Press, Taxation, Wealth
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Tagged it1, medical expenses, pensions, reclaim taxes, revenue commissioners, savings, tax, tax back
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Advisors.ie provide B1, CRO reporting, Payroll, P35′s, P30′s, RCT, C45, CT1, Audits, year end accounts, form 11 tax returns and other accountancy and book-keeping or payroll services in Dublin 2.
Also filed in ACCA, Accountancy, Accountant, C45, Capital Gains Tax, Deposit Interest Retention Tax, Property tax, Section 23, tax relief at source, Taxation, Wealth
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Tagged acca, accountants, audits, b1, c45, company formation, cro, dublin accountants, form 11, irish accountancy, p30, p35, rct, tax return
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Monday, February 13, 2012
A p35 is a year end return showing who you employed as an employee during the tax year 2011 (from the 1st of January to the 31st of December). It shows who was employed, their tax number, the USC, PAYE and other taxes deducted. Think of it as a breakdown of your employee payroll for the year.
Tuesday, January 31, 2012
As far as a ‘system of taxation’ goes, we think that less income tax is a great idea, that instead site valuations and local costs or spending should be borne by the locality and paid to the local authority. That means that the Household Charge – while regressive – is the right type of tax being levied in the wrong way.
Also filed in Accountancy, Advisors.ie In the Press, Property, property tax, Property tax, Taxation, Wealth
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Tagged . rte frontline, household charge, nppr, pat kenny, property tax, site value tax, water charges
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Tuesday, November 15, 2011
The normal cut off date for tax returns is the 31st of October unless you do the return electronically via Revenue Online Service (ROS) in which case it is today. However (and we never found out why) Revenue have recently determined that the 16th of November will instead be the final date. This means that anybody who has non-PAYE income to declare for 2010 still has a little time left to make the return on time.
If you don’t you’ll face a 5% surcharge on the tax bill up to December after which the surcharge rises to 10%. If you get the surcharge it means your rate of tax effectively rises by 10% (not absolute, but relative ie: 20% goes to 22%, 41% goes to 45%)
Also filed in ACCA, Accountancy, Accountant, Taxation
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Tagged accountant dublin, do a tax return, financial audit, pay less tax, paying taxes, revenue online service, ros, tax audit, tax deadline, tax return 2010, tax return 2011, tax return deadline, taxation
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The headline this week is from the famous quote that ‘the only sure things in life are death and taxes’. We have looked at death in the past from the perspective of Life Assurance, this week it’s about taxes – and more importantly, what to do if you can’t pay them or if you are not sure about your taxes. The good news is that the Revenue Commissioners in Ireland are a fairly effective bunch and the people there are well briefed and effective (this is no surprise as their duty is to make sure everybody pays up!). Revenue are well aware of the state of the economy, and that business
Also filed in Accountancy, Advisors.ie In the Press, Deposit Interest Retention Tax, Financial Advice, News of the World, Taxation
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Tagged 2003 taxes consolidation act, deposit interest retention tax, DIRT, paye tax returns, revenue commissioners, tax deadline, tax questions, tax returns, taxation, taxation issues
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Monday, February 21, 2011
We were pleased to get a mention in the Sunday Times article by Kathy Foley called ‘buy to fret’. You can find her on Twitter too! We don’t often find such a candid quote as the last part of the mention we got! “The banks are all saying investors have to be first to give up the ghost,” said Karl Deeter, of Irish Mortgage Brokers. “They will lean heavily on them and get a judgment because they didn’t do what the bigger people do and isolate the loan, buying the property through a limited company. “Nobody feels any sympathy for them.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Financial Advice, Investment, property tax, Property tax, Section 23, Taxation
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Tagged accountancy dublin, advisors.ie accountants, buy to let problems, can't pay mortgage, city centre accountants, mortgage problems, sunday times buy to fret
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Wednesday, January 26, 2011
Today we heard that there were a number of concessions made in the passing of the Finance Act to committee stage, and one of them was to be the year end being kept the same – 31st of October rather than bringing it forward to the end of September.
