Top Tips for Filing Your Self-Assessment Tax Return
Conor Gallagher
The deadline for filing your self-assessment tax return is approaching. The official deadline is October 31st 2021. However, this can be extended if you use Revenue’s Pay and File system to pay, and file using Revenue Online Service (ROS). The extended Pay and File deadline …
Local Enterprise Office & Support for Your Business
Colin Keane
Your local enterprise office (LEO) is a place to go if you need advice, support, and information to help grow or start a business in Ireland. This blog outlines what your Local Enterprise Office does, the types of LEO grants and supports available to entrepreneurs and …
€2,000 Voucher to Cover Energy Audit for SMEs
Sustainable Energy Authority of Ireland (SEAI), is encouraging Irish SMEs to take control of their energy use with the launch of a new support scheme. The Scheme will provide SMEs with a €2,000 voucher to cover the cost of an energy audit. An energy audit identifies tailored …
The Stay & Spend Tax Credit
The Stay & Spend scheme aims to support the hospitality industry, which has been impacted greatly by COVID-19. The Stay and Spend Tax Credit is available for the years 2020 and 2021. It may be used against an Income Tax or Universal Social Charge liability in …
Paying Tax on Rental Income
Income from renting out a property, or from another source that qualifies as rental income, is taxable. There are several requirements that landlords should be aware of. Landlords are obliged to register with the Residential Tenancy Board and submit income tax returns. You must declare rental income to Revenue under …
Tax Update Management Consultancy Companies
Recent Change in Tax Legislation Due to a recent change and update in tax legislation, Management Consultants should no longer be affected by an additional surcharge on any undistributed income from their Limited companies. Current tax rules provide for an additional charge of corporation tax …
The Small Business Assistance Scheme Extends Eligibility
The Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar has extended eligibility for the €60m Small Business Assistance Scheme for COVID (SBASC) to include businesses operating from non-rateable premise like a home business or yard. The Tánaiste is also relaunching the Micro Enterprise Assistance Scheme so that …
Explaining the Research & Development Tax Credit
What is the Research and Development Tax Credit? The R&D Tax Credit is a valuable incentive to encourage research and development in Ireland. Businesses performing R&D can benefit from a refund of 25% on qualified expenditure. The R&D Tax Credit is open to all companies …
Help to Buy Incentive
The Help to Buy (HTB) incentive is a scheme for first-time property buyers. It will help you with the deposit you need to buy or build a new house or apartment. You must buy or build the property to live in as your home. The …
Benefit in Kind Exemptions on Use of Company Vehicles
There are two scenarios where Benefit in Kind (BIK), may not be triggered for employees when using company cars. Car Pools If your employee uses a company car in a car-pool, they do not have to pay PAYE, PRSI and USC on this benefit. A car-pool exists …
