In their 2013 Annual Report, Revenue claim that the introduction of Local Property Tax (LPT) was a major administrative challenge for them during 2013. The end result was “exceptional” compliance rates were achieved in the first year of LPT according to Revenue. The annual report confirms that more taxpayers are using Revenue’s electronic services to […]
Board’s Review After several difficult years, the Irish economy is showing signs of recovery. In 2013, domestic demand contributed to growth for the first time since 2008, augmenting the on-going strong performance by the export sector. Signs from the labour market are encouraging, with employment estimated to have grown by 2.5% during the year. These […]
With the recent decision to hike up DIRT on deposits and exit tax gross savings and investment policies to 41% from 1 January 2014, more people will seek greater net investment returns. But beware… speculating is not investing and choosing funds and investments based on whatever is flavour of the day or is hotly tipped […]
The Small Claims Court was set up as an alternative method of commencing and dealing with a civil proceeding in respect of a small claim, without the need for a solicitor. The aim of the Small Claims Court is to provide an inexpensive, fast and easy way for ‘consumers’ and ‘businesses’ to resolve disputes. The […]
What is it all about? In recent years, in particular, we hear a lot about debt for equity swaps. Debt for equity deals occur when large companies run into serious financial trouble, and often result in these companies being taken over by their principal creditors. A debt for equity swap is a capital reorganisation of […]
Principal Private Residence Relief can be extended to a second residence in a individuals ownership for any period during which a dependent relative occupies the residence rent free. Therefore for the period that such a relative occupies a residence other than the individuals main residence, a capital gains tax (CGT) exemption can be claimed for […]
The Home Renovation Incentive provides for tax relief for homeowners by way of an income tax credit at 13.5% of qualifying contractors. Tax relief may be claimed on qualifying expenditure from €5,000 to a maximum spend of €30,000 inclusive of VAT. The income tax credit is payable over 2 years following the year in which […]
A new type of funding concept which is fast gaining popularity is Crowdfunding. It’s the practice of financing a project or venture by seeking many small amounts of money from a large number of people, typically using an online platform. Crowdfunding is used to raise money for a variety of purposes, from donations for charitable […]
Where an individual who has been unemployed for 12 months and has been in receipt of inter alia jobseekers benefit, jobseekers allowance or a Single Parent Child Carer Credit that individual may be entitled to claim relief from income tax on the first two years of trading capped at a value of €40,000 per annum. […]
Read More… from Relief For Long Term Unemployed Starting A Business
UPDATE – Revenue have extended the LPT and Household charge filing date to close of business on Wednesday 2 April Today is the last day to bring your LPT and Household Charge affairs up to date without incurring interest or charges. Read more at http://www.revenue.ie/en/tax/lpt/index.html […]
Member of:
Registered to carry on audit work by Chartered Accountants Ireland
© 2024 FMB Advisory Ltd. All Rights Reserved.
