Tax and accountancy issues of today
There are various issues that anyone working in the construction sector should be aware of: RELEVANT CONTRACTS TAX (RCT) All contract and payment notifications are made electronically through ROS since 2012. Revenue now have real-time information on activities of Principals and Subcontractors. Since December 2015 each construction site is issued with a unique site identifier … Read more CONSTRUCTION SECTOR TAX ISSUES
Pay Related Social Insurance (PRSI) is payable by most individuals working in Ireland The exceptions are: If the individual is under 16 or over 66. Self employed and earnings for the year are under €5,000. Spouse or civil partner of a self employed sole trader. From 1st January 2014 spouses and civil partners who assist … Read more PRSI – EXCEPTED INDIVIDUALS
Once an individual becomes eligible for the State Pension (Contributory) they may apply for an adult dependant increase for a spouse or civil partner. To be eligible for the adult dependant increase your spouse or partner cannot have: gross weekly income of more than €310 a week. If their income is less than €100 a … Read more STATE PENSION (CONTRIBUTORY) – ADULT DEPENDANT MEANS TEST
For customers who file the 2015 Form 11 return and make the appropriate payment through ROS for: Preliminary Tax for 2016 Income Tax balance due for 2015 the due date is extended to Thursday 10th November 2016.
The Companies Act 2014 introduced name changes to a number of Company types. There is a conversion process in place to enable all existing Private Limited by Shares company types to convert into one of the two new company types LTD (Private company limited by shares) DAC (Designated Activity Company) Two important dates to note: … Read more CONVERSIONS UNDER COMPANIES ACT 2014