Raising Capital

Jul 9

Recently I was discussing with one of  our clients as to whether they needed investment or not and I realised very very few of our clients started their business with outside investment. Before you go looking at raising capital I would strongly suggest looking at the following.   Can you adjust the business model slightly […]

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Employer paying course or exam fee’s

Jul 6

Refunds of course or exam fees to an employee which have been paid by the employee, or direct payments of course or exam fees by the employer, will not be treated as giving rise to a taxable benefit where the course undertaken is relevant to the business of the employer. A course is regarded as […]

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Employers gift to employees / Christmas Bonus

Jul 6

Where an employer provides an employee with a small benefit (that is, a benefit with a value not exceeding €250) PAYE, PRSI and Levies need not be applied to that benefit. Only one such benefit given to an employee in a tax year will qualify for such treatment. Where a benefit exceeds €250 in value […]

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Tax on Spanish Rental Income

Jul 6

Irish residents with Spanish rental property must make two income tax returns one in Spain and one in Ireland Tax Residency You are considered tax resident in Ireland if you spend at least 183 days here per year or 280 days over a two year period. As an Irish tax resident and Irish domiciled person […]

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Comparison of online accounting software

Jun 21

Notes 1. Price above for Xero is single currency, Multi currency is €39.94 per month 2. The development team in Bullet are adding a fixed assets register, developer API and bank feeds in soon 3. Bank feeds are not available for all Irish banks, Noteably Bank of Ireland and AIB 4. Multi Currency in Kashflow […]

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How can I become self employed

Apr 6

Becoming self employed in Ireland is very simple. You fill in a form TR1 and you are self employed. You can also contact Do My Books on 01 – 4800531 or email hello@domybooks.ie and we will advise you on registering and file your form for free. Once you are self employed you are obliged to […]

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Why I want to be a landlord

Apr 5

Taken from http://www.reuters.com/article/2012/04/04/us-personalfinance-realestate-landlords-idUSBRE8330T720120404 The first call my husband and I made after closing in March on a two-family house in Brooklyn, New York, was to a rental agent. We were becoming landlords and we wanted to get tenants into the ground-floor apartment before our first mortgage payment was due. After hearing throughout the housing downturn […]

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How to pay your tax bill

Nov 7

The revenue have added a few new ways to make it a little more convenient for tax payers to make payments You can go the traditional route and post a cheque Collector-General’s Division ,Sarsfield House, Francis Street, Limerick. I generally wouldn’t recommend this as it doesn’t provide a proof of payment like some of the other methods and […]

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Sole trader loss

Sole trader losses

Oct 27

One of the most common questions new clients ask before starting their business is should I incorporate a company. I have covered the advantages of a limited company over a sole trader in the past. But if your business (like so many others) looks like it will make a loss in the first few years […]

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Employee or Self Employed

Oct 27

The issue of employee or self employed was very topical with the revenue comissioners early this year. In particular in relation to locums. This blog post is a quick reminder of the questions which employers should ask them selves when determining whether a worker is employed or self employed. If you hire sub contractors on […]

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