Latest News

New Mileage and Subsistence rates from April 1st 2017

Revenue have issued new mileage and subsistence rates effective from April 1st 2017. In light of this we also separately provide an update on Revenues view of the tax treatment of the reimbursement of Expenses and Travel and Subsistence to Employees. Our mileage ...

Build Assets, Not Liabilities.

This simple principle, which is borrowed from a chapter of Robert Kiyosaki’s best-selling book, “Rich Dad, Poor Dad”, at first doesn’t actually sound that informative or effective. But after it is explained, it can transform the way you look at your future, and in turn, how you plan ...

Non Principal Private Residence (NPPR) Charge and rental profits

February 17, 2017 Latest News 0 Comment

For years there has been lack of clarity regarding whether the NPPR Charge is tax deductible against my rental income. Revenue and the Department of Finance had indicated that the payment of the NPPR Charge for residential properties is not an allowable expense in computing taxable rental income as it is not included on ...

How To Supercharge Your 2017

December 18, 2016 Latest News 0 Comment

A Free Gift From Steven McGeown Steven McGeown is a long time friend of mine, ultra marathon runner and businessman and currently he has a free offer I'd like to let you in on. If you head over to Steven's Website you can grab a copy of his Morning Miracle Makeover, where ...

VAT Treatment of Supplies of Bread

November 1, 2016 Latest News 0 Comment

The supply of bread may be liable to VAT at the Zero rate, Reduced rate or the Second Reduced rate depending on the particular bread product concerned and the circumstance in which it is supplied. Recently the High Court upheld a decision of the Revenue Commissioners to disqualify the bread served ...

Extended Deadline for ROS Customers In Respect of RACs, PRSAs and AVCs

November 1, 2016 Latest News 0 Comment

Relief may be claimed in respect of payments to a Retirement Annuity Contract (RAC) or a Personal Retirement Savings Account (PRSA) or for Additional Voluntary Contribution (AVC) payments, where the payments are made by the deadlines provided for in sections 787(7), 787C(3), 774(8) or 776(3), respectively, of the Taxes Consolidation ...

The Help To Buy Incentive For First Time Buyers

October 26, 2016 Latest News 0 Comment

The Help to Buy incentive (HTB) is designed to assist first-time buyers with obtaining the deposit required to purchase or self-build a new house or apartment to live in as their home. Time will tell whether or not this will provide a real financial benefit for first time buyers or increase property ...

Finance Monthly Awards Tax Planning Firm Of The Year

October 18, 2016 Latest News 0 Comment

Today we are pleased to announce Finance Monthly Magazine has awarded TRA Professional Services their 2016 award for Tax Planning Firm Of The Year. We are genuinely thrilled and I would like to acknowledge the role that you, our clients have played in allowing us perform to our potential and helping us achieve this prestigious ...

The Irish Budget Summary 2017

October 12, 2016 Latest News 0 Comment

Good afternoon and long time since we last communicated. The summer holidays are over and tax season is upon us. This week the focus will be on Budget 2017. We also have included an article on how to manage stress at work in light of it being mental ...

“Examinership Lite” – New Restructuring Options for SMEs

There are a number of possible restructuring options available for SMEs which have been outlined below. Examinership Introduction of VC or Angel investor capital Introduction of fresh investment to increase capital base Sourcing of additional or replacement working capital Debt for equity conversion for key creditors Dividend payments for trade and other creditors Restructuring of existing Bank Debt Bank ...

Little About Us

Joe Cunnane Practice Owner TRA Professional Services       Qualifications:  FCA Chartered Accountant & AITI Chartered Tax Advisor Joe has over 20 years experience working in both private practice and industry ... Read More »