Small Businesses really are running out of  reasons to keep their records up to date.

A quick update of your income and expense history will keep your records straight and provide invaluable insight to you best customers, most frequent expenses, and the health of your business.

Outright.com will take care of the work; simply log in, record your income. and expenses, and go back to work.

Continue Reading →

Once again the Revenue have announced an extended deadline  ….

Revenue announced an extension to the return filing and tax payment date for self-assessment customers using the Revenue On-Line Service (ROS). For customers who file the 2008 Form 11 return and make the appropriate payment through ROS for:

• Preliminary Tax for 2009,
• Income Tax balance due for 2008,

the due date is extended to Monday 16th November 2009.

To qualify for the extension, customers must both pay and file through ROS. Where only one ...

Revenue are willing to delay enforcement action or collection of late payment of tax, in cases where a business is experiencing difficulties in meeting its tax obligations because of a delay in receiving a statutory redundancy rebate. Satisfactory evidence of the redundancy rebate due must be supplied to Revenue.

Revenue has advised that to ensure the above arrangements are applied promptly, the business should provide authorisation for payment of the rebate directly to Revenue by submitting a completed application ...

Cheer yourself up! One Easy low cost solution

Here are some ideas for an office spring clean:

• Archive, or even better, delete emails that have been sitting in your in-box for over six months.
• Save attachments directly on to your hard drive.
• Think about the paperwork you will need to keep, for tax and reference purposes, and shred the rest.
• Invest in a shredder to prevent identity theft.
• Back up your files and systems ...
  Continue Reading →
  17
  OCT
  0
  Share

There is  no point in spelling out what we already know is going on in the economy.

Here’s how I see it.  This year will see the demise of so many businesses, which could  good news for the survivors.  Opportunities will present themselves for those that want to step up and provide exceptional service to grab market share.

With  major stores claiming to be under pressure for sales, it’s still amazing to walk into shopping centres to see all ...

Continue Reading →

17
OCT

0

Share

Income Levy and Preliminary Tax 2009

An extract from Revenue  guide for completing Preliminary tax …

Preliminary tax for the income tax year 2009 is due on the 31 October 2009. To avoid interest charges, the amount of preliminary tax payable is the lower of:

1. 90% of final liability for the current tax year – 2009 or
2. 100% of final liability to tax for the previous year – 2008 or
3. 105% of final liability for the pre-preceding year. ...
   Continue Reading →
   13
   OCT
   0
   Share

What do FreshBooks, Shoeboxed, BatchBlue, MailChimp and Outright all have in common? Aside from being Web 2.0 businesses who serve the small business market, they are also the founding member organizations of The Small Business Web.

An exciting initiative that launched earlier this year, The Small Business Web is a partnership of businesses dedicated to upholding a central tenet: “A passion for customer service, an excellent ...

THE REQUIREMENT TO HAVE AN IRISH RESIDENT DIRECTOR IN ORDER TO INCORPORATE A COMPANY IS CHANGED TO REQUIRE A EEA RESIDENT DIRECTOR ONLY

The Companies Amendment Bill 2009 has been signed into law. Section 10 of the bill changes the requirement for an Irish resident director to a requirement for an EEA resident director. The EEA is all of the EU plus Iceland, Liechtenstein and Norway.

€200 PROPERTY TAX ON INVESTMENT PROPERTY AND HOLIDAY HOMES TO COME INTO FORCE
Yesterday Environment Minister John Gormley outlined the tax in the Local Government Charges Bill 2009, which will become law at the end of next month. Announced last October, it is expected to give local authorities up to €40m per year in additional funding. Owners of residential rental properties, holiday homes and vacant residential properties-apart from those newly constructed and unsold-will be liable to pay the charge.

Those who ...

Income Tax Changes

Tuesday, April 07, 2009

The income levy rates have doubled and the exemption threshold on which the income levy will apply will be reduced from €18,304 to €15,028.

Income Levies

The income levy rates have doubled and the exemption threshold on which the income levy will apply will be reduced from €18,304 to €15,028. This means that taxpayers with gross income over €15,028 will face the following income levies rates:
2% up ...