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This week’s tax news

We round up this week’s latest tax news below Bus, Rail and Ferry passes The Tax and Duty manual on the conditions relating to salary sacrifice arrangements has been amended. These amendments clarify that an employee may enter into ...

11 Steps to Financial Freedom

Recently Joe Cunnane, owner of TRA Professional Services, gave a talk at the 'Light at the End of the Tunnel' event held by the High Achievers Club. During this talk he outlines the 11 steps to achieving Financial Freedom.

Budget 2014 – Summary

PERSONAL TAX INCOME TAX RATES AND BANDS There have been no changes to the income tax rates and bands. USC There have been no changes to the USC rates and bands. PRSI No changes to the PRSI rates were announced. However, as ...

2012 TAX DEADLINE LOOMS

September 5, 2013 Uncategorized 0 Comment

Tax return deadline looms, but there’s still time to reduce your 2012 tax liability   It’s that time of the year again when the Income Tax filing deadline is looming on the horizon. The deadline for submission of paper tax returns is 31 October, but most taxpayers file on-line, so the deadline for ...

Annual Leave and Public Holidays

September 5, 2013 Uncategorized 0 Comment

All employees, full-time, part-time, temporary or casual earn annual leave entitlements from the time they start work. Most employees are entitled to four weeks’ paid annual leave per leave year. Your employer determines the timing of your annual leave, taking into consideration work and personal requirements and should consult you or ...

Maternity Benefit –1st July 2013-Change in Tax Rules

In the December 2012 Budget the Minister for Finance announced that Maternity Benefit would be liable for tax (paid by Department of Social Protection), but similar to other such payments, would not be liable to USC or PRSI. The legislation giving effect to the Minister’s announcement is included in Section ...

Revenue Contractors Project

Since early 2013 the Revenue Commissioners have been carrying out a review of individuals and companies who operate as contractors. Revenue have advised that they will be issuing audit letters to contractors in the East South East region later this week. The scope of the review includes sole traders, companies and ...

FREE FORMATION FOR NEW BUSINESS – Limited Offer – CALL TODAY

AN EXCLUSIVE FREE OFFER Setting up your own business? We are offering complimentary Company or Sole Trade business Set Up Save in excess of  €600.00 in Your First Year That’s GUARANTEED Please note that the offer and savings are based on TRA Professional Services providing you ...

Rules for Newly Incorporated Limited Companies per the Companies Office

              A guide to Irish Compliancy Requirements for Limited Companies Call us today for assistance – 01 6424208   Annual Return – can be prepared by your accountant The most important requirement on a company is that it must file an Annual Return with the CRO ...

Mileage and Subsistence Allowances

Issues for Contractors There is a lot of news at present regarding Revenue audits specifically with regard to contractors incorrectly claiming civil service mileage and subsistence allowances. Please note that the actual rules haven’t changed with regard to mileage and subsistence and these rules are summarised below. Mileage and subsistence can be ...