Thursday, September 6, 2012
Almost everybody who isn’t a politician agrees that politicians lie. Actual politicians don’t see it that way, the see it as being forced to accept a series of working realities which unveils the way the system ‘actually works’ versus how we would ‘like it to work’. The truth is that in effect they do lie when you compare election promises to results, but they don’t do it with total intent.
But sometimes they do, and we are seeing that with our proposed property tax which is a clear demonstration of lap-dog leaders who want nothing more than to be ‘box tickers’ for the troika. You see, we are being told that ‘no decision has been made’, but that is contrary to the facts surrounding the debate once you do some digging.
TV3 The Morning Show, this week we looked at property tax with Alan and Aisling, we focused on the need for a Site Value Tax rather than opting for a property tax based on the entire market value.
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, Income Tax, Property tax, Section 23, tax relief at source, 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, Income Tax, Property, property tax, Property tax, 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, Income Tax
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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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Thursday, October 27, 2011
We were mentioned recently in the Irish Times by Frances O’Rourke in a piece about first time buyers. Mortgage broker Karl Deeter is just as certain of the trend towards houses: “The overwhelming majority of our clients, over 90 per cent, are not looking to buy apartments.” He doesn’t think people are – or should – make a decision to buy on the basis that their mortgage repayments would be similar to their rents. Many people will stretch a little to pay the mortgage on a house they plan to live in forever “or at least the foreseeable future”. (He also reminds would-be buyers that mortgages taken out next year will get a reduced rate of mortgage interest tax relief before it disappears after 2012.
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice, Mortgages, Property, tax relief at source
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Tagged finance, frances o'rourke, irish times, karl deeter, mortgages, property, trs
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Thursday, August 25, 2011
We were delighted to help out again on The Morning Show on TV3 with Martin King & Aisling O’Loughlin who was sitting in for Sybil Mulcahy. We spoke about credit cards and then ran a live twitter personal finance clinic
Also filed in Accountancy, Advisors.ie In the Press, Credit Cards, Debt, Financial Advice
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Tagged aisling o'loughlin, credit, dublin financial adviser, financial advice, karl deeter, martin king, money help, personal finance, the morning show, tv3, twitter clinic
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We had a piece in today’s Examiner on the topic of Debt Forgiveness, see below: ‘Debt forgiveness’ is an undefined expression, we have no commonly held interpretation of what it is. For that reason the debate rages as to whether it can occur or not; but without definition the argument cannot advance.
On one side you have household name economists and on another you have Fine Gaels Briay Hayes (Minister of State at the Department of Finance) saying it is an impossibility along with most of the banks.
Also filed in ACCA, Accountancy, Advisors.ie In the Press, Debt, Economics, Financial Advice, Mortgages
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Tagged accounting, arrears, debt forgiveness countries, debt forgiveness statitstics, irish debt, list debt forgiveness, mortgage problems
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Once a month we head over to TV3’s ‘The Morning Show’ to talk with Sybil and Martin about the property and finance markets in an easy to understand manner, this month the topic was NAMA mortgages and household charges.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Investment, Mortgages, Property tax
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Tagged angela keegan, karl deeter, martin king, nama, nama mortgages, sybil mulcahy, the morning show, tv3
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