Foreign Earnings Deduction (FED)
Are you a resident in Ireland for tax purposes but occasionally work abroad? If so, you might be eligible for a valuable tax benefit known as Foreign Earnings Deduction (FED). Understanding the ins and outs of FED can help you optimize your tax situation and …
2024 Changes to the R&D Tax Credit
The modifications detailed below will be effective for accounting periods commencing on or after 1 January 2024. …
Share Option Changes in 2024: Essential Information for Employers
This is what employers need to know about share option changes in 2024. …
What’s the Best Way for me to Pay a Christmas Bonus?
A great option for small business owners to pay a bonus at Christmas is through the Small Benefit Exemption Scheme. The Small Benefit Exemption Scheme allows businesses to give employees, and directors, up to €1000 annually without incurring any tax. …
How Can PAYE Workers Get a Tax Refund?
If you're a PAYE worker, there are various ways to claim back some tax from Revenue. Many reliefs and schemes often go unnoticed. We have outlined in the blog post some ways that you can get tax back from Revenue. …
Tax Deductions and Budget 2024 Updates for Landlords
As a landlord in Ireland, it's mandatory to declare all rental income to the Revenue Commissioners. If you're wondering about your rental income tax liability, please take a look at this guide to find out more about how to calculate, file, and reduce your tax …
Tax Relief for Additional Diet Expenses: A Guide for Coeliacs and Diabetics
For individuals with specific dietary requirements due to medical conditions such as coeliac disease or diabetes, there's a provision for tax relief on certain food products tailored to meet these unique needs. In this post, we'll walk you through the steps to claim this relief …
Accounting Hacks: 5 Tips for Keeping Your Books in Order
Are you a business owner or a self-employed individual in Ireland trying to navigate the complex world of accounting? These tips will not only save you time but also ensure you're on the right side of the tax authorities. …
Sole Trader Income Tax Return Checklist 2023
Here's our compact tax return checklist tailored for sole traders in Ireland for 2023: …