Tax and accountancy issues of today
Whether you set up a Company or decide to set up as a Sole Trader, you need to consider whether you should register for Valued Added Tax (VAT). When first considering Vat registration, reclaiming Vat on purchases springs to mind. But remember Vat must be charged on sales. The difference between these two figures is payable to Revenue … Read more SHOULD I REGISTER FOR VAT?
There is a four year limit for claiming any refunds due from the Revenue. This means that any refunds due for year ended 31st December 2006 must be claimed by the end of this month.The most common tax reliefs and credits that are overlooked by people are: Tax reliefs (31st December 2006) Health expenses – … Read more DEADLINE FOR REFUNDS FROM REVENUE
For a landlord who is renting out a residential home or an individual who is contemplating moving into the residential rental sector, it is is important that they are aware of their rights and duties. The same applies to tenants and would be tenants. The 2004 Residential Tenancies Act sets out the rights and duties of … Read more LANDLORDS & TENANTS RIGHTS AND DUTIES
The government published the National Recovery Plan 2011-2014 on 24th November 2010. It sets out how the country is going to address the huge deficit that has built up in the public finances. This article looks at the changes to the tax system over the next few years. We will have to wait until Budget … Read more NATIONAL RECOVERY PLAN 2011-2014
The Capital Gains Tax payment deadline is 15th December 2010. This applies to assets disposed up to by 30th November 2010. Disposals between 1st December 2010 and 31st December 2010, the date for payment is 31st January 2011. This covers a disposal by sale,exchange,gift or otherwise and money does not have to change hands for a liability to … Read more CAPITAL GAINS TAX PAYMENTS DEADLINE