Research & Development Tax Credits
Money spent by a company on research and development activities may qualify for the R&D Tax Credit. The credit is calculated at 25% of qualifying expenditure and is used to reduce a company’s Corporation Tax (CT). Where a company has offset current and previous years’ CT liabilities, …
Help to Buy Scheme and Tax Refunds
The Help to Buy (HTB) scheme is an incentive for first-time property purchasers. It can help you with the deposit you need to purchase or self-build a new house or apartment. You must purchase or self-build the property to live in as your home. …
Income Tax Pay & File Extension Date – 2022
The Government today announced a further loan scheme to help SMEs access low-cost finance, recognising that many of them are still getting back on their feet after what has been an incredibly challenging few years. …
Is there any Differences between Director Fees and Director Salaries?
From a tax perspective in Ireland the answers is no, and must be treated in the exact same manner. Payment of Director Fees Fees paid to directors in their capacity as office holders, are chargeable to tax under Schedule E and subject to deductions at …
Tax Relief on Third Level Contributions
You can claim tax relief on qualifying fees (including the student contribution) that you have paid for third level education courses. The qualifying fees must be paid for an approved course at an approved college. Other charges and levies do not qualify for relief such …
Incorporation of Property Assets
When a person is deciding to hold a property through a company or personally, there are a number of issues to be considered. Due to the fact that personal tax can be in excess of 50% in Ireland, the incorporation of property assets should …
How Employers Can Reimburse Employee Expenses
Gallagher Keane provide professional accounting, tax, and financial advice. We can help you to make better informed business decisions to reach your goals effectively. …
Who Should Register for VAT?
A value-added tax is a type of tax that is assessed incrementally. The thresholds depend on your turnover in any continuous 12 month period. …
What You Need to Consider Before Investing in Cryptocurrency
Investing in cryptocurrencies has become increasingly popular in recent years. People are now building up digital assets. Cryptocurrencies, such as Bitcoin and Ethereum and more, are rapidly emerging into wider public ownership and usage. However, it is important to consider the potential tax implications on wealth generated from investing …
Taxation of the Pandemic Unemployment Payment (PUP)
During 2020, the payment of the PUP was not taxable at the time of receipt from the Department of Social Protection. This ensured that individuals could register for and start to receive PUP payments quickly. In September 2020, Revenue announced that PUP tax liabilities would …