Posts Tagged 'self Employed'

Most of us wait till the 11th hour to file our income tax returns, but it’s worth getting a head start on them now. We explain how to keep on track…

1. File on Time. You don’t want to file too late.. A lot of people, it seems to be something they definitely don’t want to do and not their favourite time of year so they put it off as long as possible.”
2. Avoid paying extra. If you file past the October 31st ...
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   28
   JUN
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With thanks to the O2 Ideas Room for blog posts…

Cash flow is the lifeblood of any business and these days is even more important than ever.

Below are a number of simple approaches to use when operating your business.

1.     Minimum Stock Levels. Keep your stock to a minimum. Only hold the stock that you know you can sell in the next 60 days. A business that normally holds 100k of stock, reducing this by 25% will inject 25k into the ...

When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the mayonnaise jar and the 2 glasses of wine.

A professor stood before his philosophy class and had some items in front of him. When the class began, wordlessly, he picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. He then asked the students if the jar was full. They ...

With thanks to the O2 Ideas Room for blog posts…

Economic downturns tend to be self fulfilling. We all help to drive market conditions, so if we all decide to ‘batten down the hatches’, and become more risk averse we all contribute to prolonging a downturn. However though it may sound counter intuitive, an economic downturn is as good a time as any to start a new business.  This short article discusses how entrepreneurs can bootstrap their way to success, by ...

With thanks to the O2 Ideas Room for blog posts…

It’s not big. It’s not sexy. But simple is however a little bit clever when it comes to Marketing Communications.

Many People are coming to the conclusion that a lot of the marketing communications that were created towards the end of the Tiger were relatively flabby and lazy. Not sure what to say? Say loads of things! No idea what is the one real consumer benefit that will unlock sales? Well cram ...

As widely anticipated, the Budget focused mainly on cutting expenditure, but also included various taxation measures. The small business owner was saved from higher taxes but really there was no assistance or incentives given.

• No changes to income tax rates, income levy, or PRSI for 2010.
• Universal social contribution scheme to replace PRSI, the health levy, and income levy to be introduced in 2011
• No change to income tax bands, allowances or credits
• Increase in effective tax rate for ...
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  16
  DEC
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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.

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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 ...

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 ...

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17
OCT

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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. ...
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   13
   OCT
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