What Expenses Can you Deduct as a Sole Trader?
Amanda Souza
When calculating the profit for your business, you may be able to claim a deduction for expenses incurred. Expenses are claimed through the Revenue Online Service (ROS) on Form 11. …
Revenue’s Business Division Level 1 Compliance Project
Revenue has announced the launch of a Level 1 bulk compliance project targeting two specific taxpayer cohorts based on their 2022 income tax returns. In the coming weeks, affected taxpayers will receive letters asking them to review and amend their returns if necessary. …
Your Complete Guide to Irish VAT Rates for Easier Returns
Navigating the world of Value Added Tax (VAT) is a fundamental aspect of business operations worldwide. While the concept of VAT seems straightforward - adding tax to goods and services - the reality is often more complex. Businesses face challenges in determining the correct VAT …
When is your Tax Clearance Certificate Withdrawn ?
A Tax Clearance Certificate is confirmation from Revenue that your tax affairs are in order. This section outlines the different circumstances where you will need a Tax Clearance Certificate. …
How to Know if You Are a Resident for Tax Purposes
Understanding your tax residency status in Ireland is crucial for ensuring compliance with tax obligations and optimizing your financial planning. At Gallagher Keane, we want to simplify this process for you. Here’s a comprehensive guide on determining your tax residency status in Ireland. …
How Long do I Have to Claim R&D Tax Credits?
The company must ensure that the R&D claim meets all the requirements before applying. …
Foreign Earnings Deduction (FED)
Are you a resident in Ireland for tax purposes but occasionally work abroad? If so, you might be eligible for a valuable tax benefit known as Foreign Earnings Deduction (FED). Understanding the ins and outs of FED can help you optimize your tax situation and …
2024 Changes to the R&D Tax Credit
The modifications detailed below will be effective for accounting periods commencing on or after 1 January 2024. …
Share Option Changes in 2024: Essential Information for Employers
This is what employers need to know about share option changes in 2024. …
What’s the Best Way for me to Pay a Christmas Bonus?
A great option for small business owners to pay a bonus at Christmas is through the Small Benefit Exemption Scheme. The Small Benefit Exemption Scheme allows businesses to give employees, and directors, up to €1000 annually without incurring any tax. …
