Backdating a pension contribution means paying it this year but claiming it last year. I’ll look at how much you can put in, what tax relief you’ll get, and the important timelines. Plus a few other tips along the way. Let’s look at Why a Pension How much can you put in Tax relief Timelines
This week, I’ll look at a director’s current account and try to explain what it is and how it works. Looking at some of the advantages and pitfalls, so you’ll know what you can do and what’s best to avoid. The main focus will be on What is a Director’s Current Account Enda owes his
I will look at key dates for tax returns from now until the end of the year. So, you have a hot date with Revenue! Well, not quite. Let’s be honest: These are the dates that most of us dread, and because of that, put them on the long finger. It’s a bit like going
I will look at negligible value losses for CGT. I’ll review a recent case that went to appeal and the meaning of words that can work for or against a taxpayer. Let’s look at Background Case for Pat Case for Revenue Commissioner’s Findings Lessons we learn Background Mary Noonan sold land in 2023. She made
Word to the wise, T, don’t do your own tax return! Paulie “Walnuts” often used the “word to the wise” phrase when advising his mafia boss, Tony Soprano. It was to protect him so he wouldn’t end up “sleeping with the fishes.” The key message in this blog is that it can be dangerous to
Are you serious about your business? Most people will say yes to this question. They have to be. There are bills to pay. Plus, you need a few bob for the annual trip abroad, not to mention the taxman taking his cut. It pays to be serious about your business. Here’s why. Rogue One Taxes
We will look at a parent moving to a nursing home. I had a meeting with two kind and caring sisters during the week. They are looking after their elderly mam in her home. We’ll go through the following points to get into more detail Background Nursing home cost Tax relief Keep their mam at
This week, I’ll look at a Revenue review of your Taxes. What prompted this is a Revenue letter that a former client got to review his taxes for four years, from 2021 to 2024. We did his tax returns for 2021 and 2022. He needed help to get set up right after a divorce in
Tax is one of the main advantages for a non-resident purchasing a buy-to-let over a resident. Taxes are lower for a non-resident, in most cases. A non-resident will pay tax at 20% on the first €44,000 of rental profit. Whereas a resident will pay tax of up to 52%, assuming their lower rate band is
I will outline reasons why you would choose Comerford Foley as your Accountant. This highlights the type of service we offer. It also focuses on the qualities you would expect to find in a great accountant. The main reasons I will outline are Knowledge Service Trust Clarity Communication Crises Ethics Vital Knowledge Knowledge or what
