Revenue Defaulters List

Revenue Defaulters List Q1 2011 Analysed

Jun 15

I’ve been reviewing the latest revenue defaulters list for Q1.(The list below relates only to cases were settlements were made. The court cases are a different file) In terms of settlements there’s a big geographical difference with €2M collected in Wexford and only €34K collected in Kerry There’s obviously still investigations going on into bogus [...]

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Aib Xero

Tool to convert AIB .csv file for Xero importation

Jun 15

One of my clients has grown impatient of waiting for Yodlee to set up bank feeds for his AIB business account; So he has developed his own tool to convert .csv files downloaded from AIB’s business banking into .csv files which can be uploaded into Xero. The tool is available at http://xero.kro.ie/ if you would [...]

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Civil servants pay cut

Jun 15

I’m reading this article in the Sunday business post http://www.thepost.ie/news/ministers-move-to-cut-pay-of-top-public-servants-56874.html it relates to ministers cutting the pay of top civil servants. This is all well and good; the pay should be in line with the private private sector, My concern is the actual number of civil servants. An example is the revenue commissioners. (Whom I [...]

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Wolters Kluwer Tax & Accounting acquires Twinfield

Jun 15

Wolters Kluwer Tax and accounting yesterday issued a press release announcing they have acquired the dutch provider of SAAS accounting Twinfield. Twinfield has 80,000 clients and is one of Europeans largest online accounting solutions. Riverwoods, IL. (June 14, 2011) – Wolters Kluwer Tax & Accounting today announced the acquisition of Twinfield, a Dutch-based pioneer and [...]

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Tax treatment of locums

Jun 14

The tax treatment of locums has been topical with the revenue for the last year or so. There have been a number of audits particularly to out of hours doctor services. The revenue have published some information in tax briefing 82 which clarifies the situation. Its important to remember that is a complex area of [...]

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Tax Calculator

Jun 13

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Free Online Accounting

Free online accounting software

Jun 9

I’ve been expecting a free online accounting software to pop up for a while now. The model is quite popular in CRM with Capsule and Zoho. But so far in finance I’ve only found free invoicing tools. Wave Accounting has a nice simple user interface, is very easy to use and even manages to handle [...]

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NPPR Charge

Jun 2

Its that time of year again. The NPPR (Non principal private residence charge) is due on or before the 30th of June 2011. The 2011 charge is based upon the ownership and status of the property on the 31st March 2011. What is the NPPR (Non Principal Private Residence) charge? The NPPR charge is an annual [...]

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PRSI Rates

PRSI Rate Reduction

May 30

From the first of July the rate of employers PRSI will be halved to 4.25%  for individuals earning less than €356 per week. This new rate of employers PRSI will remain in place until the end of 2013 . This in my opinion is not enough. A tax on creating jobs is always a bad [...]

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rent

Allowable expenses against rental income

May 25

When preparing tax returns I often have to remind my clients that they may not be claiming for all allowable expenses against their rental income. I have  prepared a checklist which may assist landlords in ensuring they are claiming for everything they should. Remember all expenses should be wholly and exclusively for the business purpose [...]

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