We are going to look at some Corporation Tax tips to help your company save taxes. Larry Barry owns 100% of an engineering company Barry Can’t Swim Ltd. It arrives at my desk to review the taxes. Larry is a good man to throw a few tax conundrums our way and he certainly didn’t disappoint
Category Archives: Tax Tips
03
May
May
The Universal Social Charge [USC] came in after the financial crisis. It was to be a temporary tax and used to bolster the government finances. This was at a time of frequent visits by members of the IMF. But what was temporary has now become permanent. The USC is a tax, plain and simple. There
26
Apr
Apr
This week I’ll look at some tax tips for Inheritance Tax. Over the last two weeks, we introduced you to the Toners, Timmy the dad, and his wife Fidelma. They have two sons, Gary and Shane who are in college. To recap, Fidelma works part-time as she loves the gym and gets a great buzz
19
Apr
Apr
We’ll look at some tax tips when buying rental property. Last week I introduced you to Timmy and Fidelma Toner. They had a lot of outgoings but got a very nice tax refund for 2023. Enough to fund a good summer holiday on the Algarve and leave their boys at home. They had a combined
12
Apr
Apr
We’ll look at some examples of how tax efficiency saves money. Plus, introduce you to the main stars of this blog, the Toners. By claiming everything they can and making a few changes the Toners will save thousands in a tax year. It could be the difference between a holiday in Portugal or a day
08
Mar
Mar
What is a Deed of Covenant? A client asked us that question during the week. It’s a question we have on our Income Tax checklist. We send a checklist to clients to fill in before we complete their Income Tax returns. It got me thinking about covenants and the tax benefits for the payer and
01
Mar
Mar
To give this blog its full title I should call it Tax Refunds and the Millions Left Out There. Hundreds of millions. And it’s your money. Plus, Revenue don’t make it easy for you to get it back. It’s locked away in their secure vault! I’ve had a few different meetings in the last few
09
Feb
Feb
I want to give you some Tax Tips when coming to Ireland. What I mean by coming here is staying here for a prolonged period. As such, you’ll become resident here. The idea for this came from a recent meeting I had with a Swiss couple. The lady, who we’ll call Mary, is from the
26
Jan
Jan
To give this blog a more complete title we should call it, Gifting money to children – Don’t do this. We will look at a recent case on this. The beauty of the case is that it gives a good idea of the basics of CAT. Plus, a lesson in what not to do. CAT
08
Dec
Dec
Enhanced Reporting Requirements [ERR] is almost upon us. We are going to give our top ten tips to help you cut through the jargon. Some of the tips need action before the end of this year. Our ERR 10 tips will focus on What is ERR When is it coming in What you have to
