Search Results for 'Taxation in the United States'

26 results found.

Are you entitled to a health contribution refund?

The Department of Social Protection is currently receiving a very high level of enquiries in relation to requests for refunds of the health contribution. The Department would therefore like to clarify the position in relation to health contribution refunds.

Relevant contract tax – are you aware of the changes?

Relevant contract tax is a withholding tax which applies to all those involved in construction, forestry, and meat processing operations. The legislation obliges the principal contractor to deduct 35 per cent tax from the amount payable to contractors/subcontractors engaged to carry out activities for which he/she does not hold a relevant payment card. In general, a principal contractor may include property developers, building companies, construction trades. Local authorities and public utilities companies established under statute are also deemed to be principal contractors. The principal contractor is also obliged to maintain records of all payments regardless of whether they have a relevant payment card on file for them.

A look at gifts and inheritance tax

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The issue of inheritance and gift tax (CAT) is becoming more important to many people because of the reduction in the amount an individual can receive tax free. When an individual decides to transfer his/her assets to another person, either by gift or on their death, assets over a certain value will attract CAT. The current rate of tax is 25 per cent, there is speculation that it will increase in the upcoming budget. It is important that individuals plan the transfer of assets in a tax efficient manner, as many people may be forced to sell assets they have been gifted or left on an individual's death in an attempt to pay the CAT liability.

Time to act on succession plans

Now may be a good time to transfer assets and/or family owned businesses to the next generation and avail of the potential tax benefits arising from reduced property values and current tax reliefs.

IFAC meeting

On March 28 several staff members of IFAC accountants Kilkenny, along with Ben Fogarthy, met with several members of Kilkenny County Macra clubs from Freshford, Mullinavat, and Kilkenny.

Westmeath social housing applicants must face new income thresholds - Minister

New limits for the means testing of incomes for the assessment of social housing need came into force this week, it was announced by the Minister for Housing and Planning, Willie Penrose.

Introduce exemptions for lower paid

Deputy John McGuinness has called on Ministers Brian Lenihan and Éamon Ó Cuív to introduce exemptions for lower paid workers who hold a medical card.

As tax filing deadline approaches talk to Paschal Bergin

That time of the year has come around again for getting your tax affairs in order. There are various taxes that need to be filed and paid in the coming weeks. They include the following:

Opposition to ‘immoral’ Child Benefit proposals

Any plans to cut Child Benefit in the December budget are being strongly opposed by children’s rights groups and public representatives.

Hospital consultant fails to declare private income

A Midlands medical consultant who failed to declare income from private sources has been convicted of failing to make tax returns.


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