News

Reduced frequency of tax returns and payments

Extension to newly eligible VAT, PAYE/PRSI, & RCT customers

Reductions in the frequency of VAT, PAYE/PRSI, & RCT tax returns and payments for smaller businesses are being extended to eligible businesses from 1 January 2012.

• Businesses making total annual VAT payments of less than €3,000 are eligible to file VAT returns and make their payments on a 6 monthly basis;
• Businesses making total annual VAT payments of between €3,000 and €14,400 are eligible to file VAT returns ...
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A facility to pay tax (excluding Domicile Levy) to Revenue by credit card is now available [limited to VISA and Mastercard].

Arrangements to pay by credit card can only be made, for the moment, by telephone. Revenue’s dedicated payment by credit card telephone service is available Monday to Friday 9:00-17:00 hours on 1890 27 37 47 (international customers +353 1 828 8045)

A person wishing to pay by credit card must ...

A number of queries have arisen with regard to the calculation of the Amount for 2011 Preliminary Tax(PT) that appears on the 2010 Notice of Assessment.

The adjustment for the Amount for 2011 Preliminary Tax is to replace the amount of income levy and the health contribution due on the 2010 income with the amount of Universal Social Charge (USC) that would have been due on that income had the USC been in place for that year. No other adjustment is ...

With thanks to the O2 Ideas Room for blog posts…

Doing public speaking can be daunting for many people. However it is a great way to promote your business. It affords you the opportunity to present yourself, your business and your expertise to a captive audience. Here are some things to take away:
1. Be authentic. If you’re going to give a presentation representing your business, be yourself. You will have enough to worry about ahead of the talk besides having to ...

With thanks to the O2 Ideas Room for blog posts…

A QR Code (short for Quick Response) is a specific matrix barcode, storing information in both the vertical and horizontal directions, readable by dedicated QR barcode readers and smart phones / camera phones.

QR Codes were originally developed in 1994 and used in the vehicle manufacturing industry for tracking parts etc, but are now being used very successfully in integrated marketing campaigns across the globe. The technology has seen a huge uptake ...

TAX INFORMATION CHECKLIST

It’s that time of year again. We have prepared a checklist as a guide to what would normally be required to complete the Annual Tax Return (Form 11).

If you need a push, you might want to read our recent article on avoiding a tax audit here.

BUSINESS

1. Books & Records for your accounting year-end. You may have these on computer, if so please contact us to ensure we can open the files. Continue Reading →
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Most people hear the adverts on the radio come October each year informing you that the Income Tax filing deadline is looming, and you have until 31 October to file your Income Tax return. A lot of individuals probably aren’t fully aware of their obligations to file a return, and what are the potential ramifications of they fail to do so.

A large percentage of the working population in Ireland would be regarded as ‘normal PAYE’ workers. That is, they are ...

With thanks to the O2 Ideas Room for blog posts…

As the world economy teeters between double dip recession and recovery, it seems appropriate to reflect on what we need from the new business leaders that need to emerge in our society.

It is fair to say that leadership has failed us in recent years at a time when the world had its greatest need. Our newly emerging leaders must learn from the past mistakes and create a new brand of leadership ...

With thanks to the O2 Ideas Room for blog posts…

There were a couple of requests for more information on how to grow your Business Online and on Facebook & Twitter.
In April, Arabella Judd from Radical took us through ‘How to Build your Business Online’. In this webinar, Arabella discusses Consumer behaviour when buying online, how to engage with your customers, making sure your website answers your objectives, Search Engine Optimisation and ...

With thanks to the O2 Ideas Room for blog posts…

When you’re setting up a business you have a lot of things on your mind. The irony is that the most important part of the whole process, the business’s income and its tax situation, usually isn’t one of those things. The mere fact of not covering your setup costs properly can cost you a lot of money. You need experienced tax accountants to make sure your business isn’t paying a cent ...