Category Archives: Tax Tips

Capital Gains Tax Tips

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

Development Land – Losses and Gains

Last week, apart from getting battered by storms, we wrote about our new website. In case you missed it see here. This week we are going to look at a query that came into us from a client that was going to sell some development land. We will look at What is development land? Our

Business Property Relief in Action

Last week we did a whistle-stop tour of Tax return season. In case you missed it see here This week we will look at Business Property Relief [BPR] in action. It involved a very interesting last-minute case that crossed our desks in the middle of the month. We will look at The facts What info

Tax Return Season – A Whistle Stop Tour

Over the last two weeks, we explored exiting a business that has a lot of cash assets. Last week was part 2 of a client success story. In case you missed it see here This week was the end of the latest tax deadline. Income Tax with a sprinkling of Gift/Inheritance Tax returns to keep

Passing on your Company – Excess Investment Assets – Part 2

Last week we looked at passing on a family company where there are excess investment assets. We introduced you to Mike and Brenda the owners of Cash Rich Ltd and their son Billy. In case you missed it see here This week we follow up on our blog from last week. We will look at

Passing on your Company – Excess Investment Assets – Part 1

Passing on your Company

Last week we looked at why we do marketing. This is vital for any small business looking to grow. In case you missed it see here. This week we are going to look at a problem a client came to us with back in 2016. It was a very interesting case, and the final result

Income Tax Return – Ten Tax Tips Part 2

Income Tax Returns

Last week we went through 5 tax tips when filing your Income Tax return. In case you missed it see here This week we will look at another 5 tax tips that are Flat rate expenses Home carer Credit Medical Expenses Pre-letting expenses and Tuition fees Flat rate expenses Certain employments get a flat rate

Income Tax Returns – Ten Tax Tips – Part 1

tax returns

The team here is very busy getting accounts and tax returns sorted out for clients. We are smack bang in the middle of tax return filing season. In our last blog we highlighted some of the “beasties” to be aware of when filing your 2020 Tax return. In case you missed it click here. This

Tax Return Season – Danger Tread Carefully

We did some in-house training yesterday and the focus was on the upcoming Income tax return season. Tax returns are not easy, and our consistent message is not to do your own. We saw an example of this last week when a client whose circumstances had changed said he would do his own return. This

Company Reorganisation – Passing On Your Business

Passing on your business

This week we are going to look at company reorganisations and passing on your business. The goal is that your son or daughter gets the business but not all the other wealth in the business. By other wealth, we mean excess cash, shares, investment bonds, and rental properties. We will look at The Good, the