Revenue are investigating sales of overseas property by irish residents according to the Sunday Business Post. If you have investment property in Ireland or abroad, it is worthwhile spending some time checking that you are tax compliant. For tax purposes it is necessary to keep a record of all rental income received and all expenses … Read moreRENTAL INCOME
The Minister of Finance Brian Lenihan has announced that the budget will be held on Tuesday 7th December 2010.
When an individual decides to set up a business, one of the most important decisions to be made is whether to trade as a sole trader/partnership or as a limited company. What’s best depends on individual circumstances and the nature of the business. Sole traders are taxed under the self employed provisions. They prepare accounts for … Read moreSOLE TRADER or LIMITED COMPANY
The Sunday Business Post had an interesting article on the “Financial implications of being a couple” at the weekend The Civil Partnership Bill which will pass into law in the near future will bring big changes to the taxation status of cohabitees – both hetrosexual and same sex couples. They will be afforded the same … Read moreTAXATION AS A COUPLE
The Revenue Commissioners has published a consultation document relating to the proposed extension of mandatory e-filing and payment for certain returns and tax liabilities. Legislation allowing this has been in place since 2003 The first regulations under this legislation made it mandatory for large companies and Government departments to make returns and payments online in 2009 … Read moreMANDATORY E-FILING/PAYMENT