A NEW PRSI CREDIT IS AVAILABLE SINCE 1ST JANUARY 2016

Finance Act 2015 introduced a tapered PRSI Credit for those whose gross weekly earnings are between €352.01 and €424. The maximum weekly PRSI credit available is €12 and is reduced by one-sixth of earnings in excess of €352.01 up to €424. There are three separate calculations involved: 1.Calculate the PRSI Credit: Maximum PRSI Credit   … Read moreA NEW PRSI CREDIT IS AVAILABLE SINCE 1ST JANUARY 2016

REIMBURSEMENT OF SUBSISTENCE EXPENSES TO EMPLOYEES (INCLUDING DIRECTORS)

From 1st July 2015 the Irish Civil Service distance and rates requirements have been updated. The distance requirements provide that: an overnight allowance which covers a period of up to 24 hours from the time of departure as well as any further period not exceeding five hours will only be payable free of tax in … Read moreREIMBURSEMENT OF SUBSISTENCE EXPENSES TO EMPLOYEES (INCLUDING DIRECTORS)

CALLS FOR END OF THE DISCRIMINATION AGAINST THE SELF EMPLOYED

Various bodies are calling on the Government to end the discrimination suffered by the self employed under the taxation system. Small businesses with under ten employees are the life blood of the country. The owners of these businesses take risks starting up and work hard to keep them running. Yet there is a disparity to … Read moreCALLS FOR END OF THE DISCRIMINATION AGAINST THE SELF EMPLOYED

MEDICAL EXPENSES AND NURSING HOME FEES

Tax relief can be claimed on certain medical expenses and nursing home fees. Medical expenses Tax relief can be claimed on certain medical expenses paid less any reimbursements (medical insurance, compensation). The relief is given at the standard rate of tax of 20%. Routine dental and ophthalmic care is excluded. Nursing home fees Nursing home … Read moreMEDICAL EXPENSES AND NURSING HOME FEES