Here’s another great benefit of contracting! Under Revenue’s rules, all contractors can claim a €500 tax free non-cash bonus each year.
In order to facilitate this, Fenero has partnered with One4All, so that all Fenero Contractors can easily avail of Revenue’s Small Benefit Exemption Scheme.
So, you’ve decided to venture into the world of professional contracting! You are not alone. Professional contracting continues to grow rapidly worldwide, with people entering this avenue of the gig economy from virtually every industry and experience level. In Ireland, IT, engineering and pharmaceutical roles continue to be strong from a contracting perspective however we…Read More
Are you moving to Ireland or within Ireland to take up a contract role? Did you know that you may be entitled to tax relief on some of the costs associated with your relocation?
Here’s my Top Tips on using tax relief to reduce some of the costs for contractors when relocating!
As a global trend, the world of contracting is appealing to an increasing number of professional service providers. 2018 has seen additional factors which are encouraging even more people to try contracting in Ireland. The fear of the unknown as a result of ongoing Brexit negotiations is tempting more and more UK contractors to give…Read More
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
“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
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
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
Over the last 8 years, news had generally been bad for landlords when it came to tax changes and new costs associated with owning rental property. In 2009, mortgage interest became no longer fully tax deductible. Instead restrictions were introduced to allow only 75%. Other charges such as PRTB registration costs and NPPR tax were…Read More
Hands up if you like tax free money? Ok, silly question! Despite it being a great benefit, there is a tax relief available to company directors and employees which many people haven’t heard of. This is the Small Benefit Exemption Scheme. It is a relief which allows companies to give an annual tax free payment…Read More