Tax and accountancy issues of today
COMPANIES REGISTRATION OFFICE The B1 annual return and accounts are due for Limited Companies with a year end between 1st and 30th September 2014. REVENUE Due by 21st June 2015 Preliminary tax for limited companies whose year end is between 1st and 31st July 2015 Due from limited companies whose year end is between 1st … Read more JUNE DEADLINES FOR LIMITED COMPANIES
The Revenue have announced an extension to the ROS filing and tax payment date. For taxpayers who: file their 2014 Form 11 through ROS Pay the balance of tax for 2014 Pay preliminary tax for 2015 the due date for filing the return is extended to Thursday 12th November 2015. The date is also extended … Read more EXTENSION OF PAY & FILE DEADLINE 2015
A dairy farmer( lessor)with surplus cattle may lease them to another dairy farmer (lessee) who wishes to increase production without the need to invest in the ownership of extra animals. Where the lessor continues to carry on the business of farming: Income from leasing of cattle will be considered income from farming stock relief … Read more TAX TREATMENT OF ANIMAL LEASING
Finance Act 2014 increased the averaging of farm profits from three years to five years from 2015. Who can make an election for farm averaging? The farmer must have paid tax on farm profits for each of the 4 immediately preceding years of assessment. What effect does the change from three to five … Read more AVERAGING OF FARM PROFITS
2014 is nearly finished. Before the year is out, the following deadlines should be considered to ascertain whether they are applicable to your particular circumstances. INCOME TAX Claiming refunds is time barred after four years. Any tax refunds due for year ended 31st December 2010 must be claimed by 31st December 2014. These could include: -Medical Expenses -Tax … Read more TAX DEADLINES TO BE AWARE OF BEFORE 31st DECEMBER 2014