Budget 2019 – What Does It Mean For Individuals

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

How will individuals be affected by changes in Budget 2019? In what has been billed as an “election” and “spending” budget, the announcements on Budget Day contained few surprises after being heavily leaked to the public in advance. The reality is this Budget, for the most part, is a “steady as she goes” set of…Read More

Don’t have enough money to pay your income tax bill?

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

A year has gone by quickly and once again the income tax deadline is creeping up on us. If you are experiencing financial difficulties and are worried about being able to pay your income tax bill, here is our advice on what you should do. 1. FILE YOUR TAX RETURN WITH REVENUE ANYWAY This is extremely…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

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 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