“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” Franklin D. Roosevelt Last week we looked at some of the tax implications of buying property in a company. We
Should you buy a property in your company? This is a question we get asked many times. My answer in most cases is NO. This week we will look at the reasons why it is not a good idea. We will look at the main tax implications of buying property in your company. The focus
As an employee, you’re not often thinking about what you can claim. When you earn the majority or all of your income from employment, your income tax and PRSI Contributions are taken automatically before you receive your pay. When you’re not in the habit of making a tax return, navigating the unfamiliar territory of claims
Are there tax advantages to be being married….? I probably could have finished that sentence with the words “apart from all the other advantages” Welcome back to the “You ask we answer” series of blogs that we do which are based on the questions that our clients ask us. I thought this might be a
Do I pay tax if I sell my family home? You ask we answer We are just over the Income Tax return deadline so are all able to take a collective breath and roll on to the next deadlines which are coming thick and fast. Thanks to the team in here it was a very
First day after the end of tax return filing season so all those engaged in this frantic activity of preparing and filing returns and processing payments on ROS on behalf of clients can take a collective sigh of relief for at least a couple of days before we get stuck into company preliminary tax payments,
Budget 2019! With each Budget it appears we are getting more and more of announcements leaked through the press in the few days prior. This year has been no different! Some of the headlines of Budget 2019 are: The 4.75% USC rate drops to 4.5% Standard Rate band increases by €750. This means that a single
Get more cash in your pocket – Capital Gains Tax Relief! Hello from CF The British open is over, the World cup is finished and my beloved Kilkenny (and second favourite team Waterford) are gone out of the hurling. Despite the sporting gloom we at CF are very much a glass half full positive practice.
Confused by the Company Annual Return? Don’t be Late! We are in the middle of the silly season for filing – company tax returns, personal tax returns and Accounts filing. In the middle of all that is something called the Annual Return or Form B1 for companies. The Annual Return records standing data on a
Business Sale – What to do with a €230k Tax saving? We would often talk with business owners and one of the questions we always ask is about the long term plan of the owner. Quite often, in reply, we get a glazed look as to know what we mean by that. When you are
