We will look at 5 Tax benefits for 2022 and 2023 for employees and business owners. Some come into effect now and others will kick in in 2023. Our main focus will be on Increase in the lower rate band Increase in tax credits Rent Tax Credit USC – increase in 2% band Small Benefit
Category Archives: Tax Tips
23
Sep
Sep
Letters, letters, and more letters. They are on the way. In this Autumn Tax update, we will let you know what’s coming down the line for businesses. The main points we will look at are Debt Warehousing – Self Review Debt Warehousing – End of Period 2 Local Property Tax Ulster and KBC bank accounts
02
Sep
Sep
Here at Comerford Foley, we are a curious bunch. We ask questions and lots of them. Helping our bookkeeping clients is a priority. This is not being nosey. There is a purpose to the question. After all, no point asking if there isn’t a good reason to ask. Sitting down with a client and finding
29
Jul
Jul
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
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
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
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
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.
15
Apr
Apr
Last week we looked back on some funny and embarrassing moments in our working years. In case you missed it see here. This week we will look at some Capital Gains Tax tips for 2022. We will look at: Background Calculation Deductions Personal Exemption Losses Payment Dates Background Capital Gains Tax [CGT] came into Ireland
