Search Results for 'Taxation'

Would you believe it? Premier Accounting and Book Keeping Service’s had a massive response to their article a few weeks ago entitled Are you Paying too much tax?

While most businesses in the west of Ireland have full VAT recovery and therefore often say that VAT is not a “real” cost to them, many traders have VAT tied up in stock, debtors, and costs within their company. These areas could be better managed in order to keep the cash flow cost of VAT to a minimum.

Question

While most businesses in the west of Ireland have full VAT recovery and therefore often say that VAT is not a “real” cost to them, many traders have VAT tied up in stock, debtors, and costs within their company. These areas could be better managed in order to keep the cash flow cost of VAT to a minimum.

Sites for one-off housing with planning permission and land that is subject to a Compulsory Purchase Order (CPO) will not be affected by the new windfall tax that is being introduced by the Government, according to Cllr Andrew McGuinness.

The Fine Gael spokesperson on community, rural and Gaeltacht affairs Deputy Michael Ring has called for a reduction in VAT charges in order to stimulate new house sales. But Dep Ring is empathic the benefit should only apply to first-time buyers and not developers.

Q. My company has incurred significant R&D expenditure during the past few years. The product is now ready to go to market and I hope to be profit-making within two years. Can I claim tax relief for the expenditure incurred to date and how do I claim it? Are there special rules for claiming R&D costs?

The Fine Gael spokesperson on Community, Rural and Gaeltacht Affairs, Deputy Michael Ring has called for a review of the Artists’ Tax Exemption in light of the burden being carried by all other workers. Deputy Ring went on to say: “We are now in very difficult economic times, we can no longer expect exemption for artists, some of them making a lot of money. They should now pay their fair share to the economy like everybody else. I am calling on the Minister for Finance to immediately review this scheme and make a swift decision on this.”

The Revenue Commissioners have warned of the existence of a fraudulent e-mail purporting to come from Revenue seeking personal information from taxpayers in connection with a tax refund. The e-mail asks the recipient to submit personal details including date of birth and debit/credit card details. This e-mail did not issue from Revenue.

Did you know that you have four years to claim tax refunds? Thousands of PAYE workers fail to take advantage of tax breaks available to them annually.