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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 ...

Below are some of the “Cloud” small business services that we use or have used in the past.
Check them out and feel free to ask us any questions on them and if needed we can help to quickly implement them for clients.

If you own or run a small business, you owe it to yourself to take a look at the wide array of solutions these products have to offer – both in combination ...

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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Finance (No.2) Act 2011 introduced a second reduced VAT rate of 9% to apply in respect of supplies of certain goods and services for the period 1 July 2011 to 31 December 2013.

The 9% rate applies to certain goods and services previously liable at the 13.5% rate, including restaurant and catering services; hotel and holiday accommodation; admissions to cinemas, theatres, certain musical performances, museums and art gallery exhibitions; fairgrounds or amusement park services; the use of sporting facilities; hairdressing services; ...

With thanks to the O2 Ideas Room for blog posts…

While business plans are synonymous with startups, business planning is important for all businesses regardless of their age or maturity. A business plan is essentially a future oriented description of how you intend to trade as a commercially viable operation. Given that the plan is essentially predictive in nature, it will need to contain a number of assumptions which the reader will need to accept as being plausible in the context ...

With thanks to the O2 Ideas Room for blog posts…

At TaxandLegal we provide tax advice to SME owners on transactions, business structures, capital raising, pensions and more. The following are ten things we believe every business owner should be aware of:

1. If you have a patented invention or innovation, then the income derived from the exploitation of that patent can be exempt from tax.

2. If you purchase energy efficient equipment (approved by Sustainable Energy Ireland), then 100% of the ...