Search Results for 'Taxation in the United States'

The move towards electric vehicles and hybrids is growing at pace, according to a new report.

Did you acquire a residential investment property that was vacant for a period of at least 12 months before it was first let? You may be able to claim a tax deduction for pre-letting expenses against rental income in the first year.

Is your savings plan generating little or no return? Consider converting it to a life assurance savings plan and have the option of saving 33% in gift tax in the future.

The Government has allocated €13 million in funding to further incentivise the uptake of electric vehicles next year.

The Government has allocated €13 million in funding to further incentivise the uptake of electric vehicles next year.

Considering retiring and passing on the family business or other assets to your children? Don’t leave them all with a large tax bill to pay.

Property: 80 Drumaconn

Well, what a varied number of conversation items we have this week.

In the first half of 2012 alone there were 639 income tax defaulters named on the Revenue’s tax defaulters list. Taxback.com say that this should strike a chord with self-assessed taxpayers in Westmeath at a time of year when thousands of self-employed, non-PAYE employees and a growing number of PAYE employees are dreading filing their tax return with just 2 weeks until the October 31 tax return deadline. Taxback.com say that in keeping with other years they expect that a large number of those who are due to file a tax return simply will not do so and a further group will file but will fail to meet the deadline. The latest Global Entrepreneurship Monitor (GEM) Report 2011 shows that 2,200 people started a new business in Ireland every month in 2011 which means that the number of those required to file a tax return is also growing.

Although Budget 2012 may not have provided much in the way of future reliefs for taxpayers the good news is that people still have an opportunity to claim the tax refund due to them for prvious years. This is according to leading tax specialists www.taxback.com who say that there is still a long list of tax reliefs available to people that could result in savings of hundreds of euro but many of these go unclaimed every year either due to a lack of awareness or unfortunately the apathetic nature of some people.