Come Home to Work and Contracting!

Posted Posted in Contractors, Freelancers, Personal Tax & Finance

Thinking of coming home? There’s no better time to make the move. Our economy is experiencing strong growth with a continuously improving job market across multiple sectors. More companies than ever are choosing Ireland as a home for their European headquarters, bringing with them a multitude of employment opportunities in areas from technology to construction….Read More

Budget 2018 – What does it mean for Individuals?

Posted Leave a commentPosted in Contractors, Freelancers, Personal Tax & Finance, Tax Tips & Explainers

“We cannot hope to remain competitive if someone on a relatively low income and who decides to work a few hours overtime has nearly half that extra money taken in tax.” Paschal Donohoe, Minister for Finance, 10th October 2017     Personal tax rates continue to be a hot topic of discussion in Ireland. We…Read More

WOULD YOU LIKE TO KNOW HOW TO CLAIM TAX RELIEF ON FURNITURE IN YOUR RENTAL PROPERTY?

Landlords – Claim Tax Relief on furniture in your Rental Property

Posted Posted in Landlords, Tax Tips & Explainers

Capital allowances are regularly overlooked by landlords. Many of our new clients are delighted to hear we can reduce their tax liability using claiming tax deductions for furniture and fittings in their home. What is a capital allowance? A capital allowance is just a name for a certain kind of tax deduction. A capital allowance…Read More

New rates – Mileage & Travel Expenses

Posted Posted in Contractors, Personal Tax & Finance, Tax Tips & Explainers

Changes to Mileage & Subsistence (Domestic & Foreign) Rates – Effective 1 April 2017 The Department of Public Expenditure & Reform has recently announced changes to Civil Service mileage and subsistence rates. This has an effect beyond the Civil Service however as these rates can be used by non-public sector employers and are commonly used…Read More

Fenero Tax Tips Tuesday - Want to know When You Can Claim Tax Relief for Travelling to your Normal Place of Work?

Contractors – Want to know when you can claim tax relief for traveling to and from your normal place of work

Posted Posted in Contractors, Tax Tips & Explainers

Expenses cannot generally be claimed for travel to and from the ‘normal place of work’. First time contractors in particular can get caught out by this and submit bus and train tickets – or mileage claims – in anticipation of getting tax relief. What is a Tax Saver Commuter Ticket? The Tax Saver Commuter Ticket…Read More

How does Budget 2017 impact Individuals?

Posted Posted in Contractors, Freelancers, Landlords, Personal Tax & Finance, Tax Tips & Explainers

“High marginal tax rates act as a brake on employment. They discourage people from taking jobs and discourage emigrants from returning home. As you all know, I have limited resources to change the situation in this Budget but it is important to continue the process I started in Budget 2015”. Michael Noonan, Minister for Finance,…Read More

Want to know how Company Directors and Employees can earn €500 Tax Free?

Posted Posted in Contractors, Personal Tax & Finance, Tax Tips & Explainers

Would you like a €500 tax free payment from your limited company? No, it’s not a trick question. The good news is that you are entitled to take one each and every year. So how exactly? Under the Small Benefits Exemption Scheme, company directors and employees can receive a non-cash bonus of up to €500…Read More

Want to know how to earn €12,000 Tax Free by renting a room in your home?

Want to know how to earn €12,000 Tax Free by renting a room in your home?

Posted Posted in Landlords, Personal Tax & Finance, Tax Tips & Explainers

Tax free income is not too common. But if you’re renting a room or rooms in your home, you may be entitled to “Rent A Room Relief” and earn up to €12,000 tax free. Here’s 11 Things You Need To Know! The €12,000 limit includes any amounts you receive for utilities, food, laundry and other…Read More