Karl Deeter, operations director with Irish Mortgage Brokers in Dublin said he was in favour of a property tax if it was implemented correctly and if less income tax was paid by taxpayers. ‘‘People would be more willing to spend more if income tax was reduced. It would prove to be productive.”
‘‘The second homes tax is an example of revenue raising, the only justification is that it is a tax on owning an asset. Literally I could own a castle or a cottage and I’d have to pay a flat tax it’s stupidity. The introduction of a property tax would have to mean scrapping the second homes tax,” he said. ‘‘Otherwise it doesn’t make sense, and the property tax should be offset against investors’ tax bills. The property tax should be allowable as an expense for investors.”
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice, property tax, Property tax
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Tagged local taxes, lvt, municipal bonds, municipal taxes, property tax, site value tax, site value taxation, svt
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This week we looked at the issue of pensions and the fact that the real storm clouds on the horizon are not the NAMA, IMF/EU bailout or sovereign debt, but rather that of pension provision. The recent changes in the National Pensions Framework have gone some way towards addressing this but at some stage they will need to go farther or we will need a total re-think on pension provision, the final alternative being a total reduction in entitlements or massive contributions for qualification.
Also filed in Accountancy, Advisors.ie In the Press, ARF, News of the World, Pensions, Savings
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Tagged amrf, arf, irish pension advisors, pension advice, pension advice dublin, pensions, pensions experts, retirement ireland, retirement planning
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Monday, February 21, 2011
Do you want a person who can merely do up your books and has the credentials to stand over the final figures? If so then Advisors.ie is perhaps a solution for you.
If you’d rather have a person who can look at your business, do you books, finalize figures and perform an audit where necessary then we are likely the solution for you.
But if you want an accountant in Dublin who can do all of that and also figure out ways to cut your costs, reduce your tax bills and use the best methods for ensuring that you stay in business and don’t pay more tax then necessary, while also being able to advise you personally on your finances and also shop around on your behalf for cheaper solutions for the financial products and services you use then we are definitely the people you are looking for!
Also filed in ACCA, Accountancy, Accountant, Financial Advice, Insurance, Savings
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Tagged accountancy dublin, accountant for tax, accountants, city centre accountancy, city centre accountants, dublin accountants, financial advice, financial advisors, retirement advice, sme accountants, tax accountants, tax advice
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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, Income Tax, Investment, property tax, Property tax, Section 23
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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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Thursday, February 17, 2011
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.”
Monday, February 14, 2011
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.
Also filed in ACCA, Accountancy, C45, Financial Advice
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Tagged accountants, audit help, auditors dublin, audits, dublin accountancy audit, judgement, revenue, revenue accountant, revenue audit
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Monday, February 14, 2011
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.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages, tax relief at source
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Tagged accountants, financial costs, money saving, mortgage costs, mortgage price, news of the world, price v cost, price versus cost, property, tax relief at source, trs
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Thursday, February 3, 2011
We were delighted to feature on TV3’s ‘Morning Show with Sybil and Martin’ in their monthly property slot alongside Angela Keegan of MyHome.ie
Karl Deeter discussed the financial aspects of the Irish property market while Angela covered property prices in general.
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice, Mortgages
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Tagged angela keegan, changes to TRS, finance, irish mortgage market, karl deeter, mortgage prices, property prices, sybil and martin, tax relief at source, tv3 morning show
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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.
This week we covered the changes to income tax that were brought about by the upcoming Finance Act 2011, primarily the people affected are in the lower end of the earnings spectrum – we have a table to show the changes that it makes. The good news is that we also gave News of the World readers a way to strike back: Tax returns! 70% of workers are actually due tax back at the end of the year and yet only 5% of them make a tax return to claim back that money. Information and instructions are in the article.
