Revenue confirm VAT plans on food supplements

VAT on food supplements   This week the Minster for Finance set out plans to examine the policy for taxation of food supplements. The Revenue have confirmed that the VAT on food supplements will remain unchanged until November the 1st this year. Due to increasing...

New Year – New approach to your business

  Getting your 2018 Tax return done early. It might not be on the top of your list at this time of year but getting your income tax return done early in the year has a lot of benefits. Business owners are getting organised by submitting their documents for 2018...

Budget Hikes

  Next weeks budget looks set to raise several everyday items such as fuel, cigarettes and hotel vat rate. Budget day is set for October 9th and as it draws closer it seems Minster for finance Paschal Donohoe has set his sights at the aforementioned targets....

How can Country Money help your business and staff?

What is country money? Country money is a tax free travel and subsistence payment that can be made to workers in the construction industry or the Electrical contractor sector. Whats it for? Country money or (Employees subsistence expenses) is intended for employees...

Travel and Subsistence Allowance

Allowances The Majority of business owners are focused on getting jobs completed and providing a high standard service to their customers. This focus can leave business owners open to higher tax liabilities and expenses as they grow their business, they can loose...

Budget 2018 : Whats in it for you?

We don't hate budget 2018 Generally speaking Budget 2018 has been well received with something for everyone but it seems one income families may have benefited slightly more than others with an increase of €100 in the home carers tax credit. However, the main savings...

Budget 2018 likely to show Tax cuts for middle income earners

Potential Changes for budget 2018 With budget 2018 just around the corner we look forward with great hope to minister for finance Paschal Donohoe telling us how much of our paycheck we will get to keep. We can't say anything definitive regarding the budget until it is...

Unclaimed tax returns due to confusion among home carers

Millions of euros lost due to unclaimed home carers tax credit Have you heard of the home carers tax credit? Due to a lack of public awareness there are millions of euros that go unclaimed each and every year in Ireland. The vast majority of people believe it applies...