Archive for April, 2011

Chartered Accountants

Recovery remains uneven – KBC survey

Apr 15

A new survey suggests that business sentiment has continued to stabilise during the first three months of 2011. A new survey suggests that business sentiment has continued to stabilise across the economy during the first three months of 2011. The KBC Bank/Chartered Accountants Ireland business sentiment survey indicates that the economy is ‘bouncing along the […]

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USC

Preliminary Tax for 2011 and Universal Social Charge (USC)

Apr 14

Normal rules The amount of preliminary tax that an individual is required to pay to avoid a charge to interest is the lower of: 90% of the final liability to tax for the current tax year, or 100% of the liability to tax for the immediately previous year, or 105% of the final liability to […]

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tax refund

GE to return $3.2 billion tax refund to US Treasury

Apr 13

Facing criticism over the amount of taxes it pays, General Electric announced it will repay its entire $3.2 billion tax refund to the US Treasury on April 18. GE uses a series of foreign tax havens that the company says are legal and that led to an enormous refund for the 2010 tax year. The […]

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Dublin Accountants

Incorporating a farm

Apr 12

As personal tax rates continue to increase there is a growing number of advantages for certain farmers to incorporate. While not for every farmer there may be significant tax savings for larger higher earning farmers . The largest advantage is capitalising the farmers own stock and machinery creating a directors loan inside the limited company which can […]

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Commencement Rules

Apr 11

When you start business as a sole trader / partnership there can be a significant period before you make your first tax return. It is important to remember that although you may not have to file a tax return you still must pay preliminary tax. This is best explained with an example New Business You […]

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