Taxes in the year of death will hardly put you into a joyous mood for the weekend. But it might help some people who have suffered a terrible loss and need some guidance in this space. We had an interesting case recently and it struck me that it is a topic that could help people
Author Archives: Colin Comerford
22
Jul
Jul
Looking After Older Clients With the news that AIB are going cashless in many branches it got me thinking about how we look after clients. My view is that what AIB are doing is a backward step. Going digital makes sense but not at a cost to customers who need cash services and will go
Agricultural Relief, Business Transfer, irish property, Tax Advice
Agricultural Relief – Tips and Traps
15
Jul
Jul
Last week we looked at the basics of agricultural relief. This week we are going to look at some tips and traps when it comes to agricultural relief. The main ones are Meeting the farmer test Preparing to meet the test Deductions for liabilities Trees Clawback Better than Business Property Relief Meeting the farmer test
08
Jul
Jul
In the last month, I had 3 meetings where the inheritance of farmland was the main concern. The parcels of land were more than 80 acres in all cases. Assuming a value of between €10,000 and €15,000 an acre the figures are high. So, Agricultural relief is vital for you to check out. This week
01
Jul
Jul
Every Friday evening I get a news update from the Institute of Tax. At times it has very little that is relevant to our clients and other times it has lots of great information. Last Friday was one of those times where it had plenty to offer. Here’s what we’ll be covering in this Mid-Year
24
Jun
Jun
We will look at landlords. Why some are reluctant and getting out of the property market. We will Set the scene Stick or Twist Taxes Disparity Summary Setting the scene Willie and Delilah Wiley bought an apartment in Waterford in 2007 for €250,000. There is €100,000 left on the mortgage, and they let it for
17
Jun
Jun
I was at The Killers in Malahide Castle on Wednesday evening. It was a brilliant gig on a gorgeous summer evening. The first song of the encore was The Man. I loved the lyrics, and it was coincidental that I had two meetings this week where I met the man and the woman. They had
Business Transfer, Choosing an accountant, Tax Advice, Tax Tips
Gifting Money to Children – Pay for the Wedding
03
Jun
Jun
Last week we spoke about Ludmila in our office and how she’s the lady to get your tax return right first time. This week we will look at gifting money to children. What to do and what not to do. The idea for this came from a client query whose son is getting married soon.
Non Resident Tax, Rental Property, Tax compliance, Tax Tips
Income Tax Returns – Getting It Right First Time
27
May
May
Last week we looked at Xero from a beginner’s point of view. There are serious benefits. But you must be open to thinking outside the box when looking at your numbers. This week we are going to explore Income Tax returns and how a very super lady in our office gets them right first time.
20
May
May
Last week we spoke about how the right time is now to go for an electric car. This week we will change tack and look at Xero. This is a beginner’s view of Xero. When I say beginner, I mean it. My experience with it is limited to issuing invoices and some basic bookkeeping. We
