This is a common question from landlords. Is LPT an allowable deduction against rental income?LPT is a self-assessed tax charged on the market value of residential properties in the State. Liable persons must pay their LPT liabilities on an annual basis. Unfortunately the answer is no local property tax is not an allowable deduction. […]
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FLAT RATE EXPENSES 2018 2017 € € Agricultural Advisers (employed by Teagasc) 671 671 Archaeologists: (Civil Service) 127 127 Architects employed by (a) Civil Service 127 127 (b) Local Authorities 127 127 Airline Cabin Crews 64 64 Bar trade: Employees 93 93 Building Industry Bricklayer 175 175 Fitter mechanic, plasterer 103 103 Electrician 153 153 […]
1. Go to https://dashboard.stripe.com 2. Click on payments on the left 3.Click export on the right
Cliniko: More than just an online diary Cliniko is a cost-effective practice management solution that allows healthcare practitioners to: Manage schedules: Cliniko makes it easy to access and change your schedules, create and modify patient bookings, track waitlists and even manage group appointments. It also allows users to manage multiple locations and monitor patient recalls. […]
When we meet a potential new client one of the key areas for the client is our price, this makes sense. They want a great service but they also want value. Accountants are all different, but imagine if you we’re choosing something where all suppliers had the exact same thing. Money. The CSO released the results […]
Keep receipts for ALL allowable expenses, In practise we find some clients aren’t careful about keeping receipts, This means they have less tax deductible expenses and end up paying more tax. Have a system for recording your expenses. It’s very easy to snap a photo of a receipt / invoice using your phones straight into […]
If you have are trying to create a pivot table and are getting the error “Data source reference not valid” It’s ususally caused by excel sheets with square brackets in the title [ remove these and it should work fine]
If you have a section 23 property and you dispose of it within 10 years of the first qualifying lease the relief already granted is clawed back. All relief previously granted is treated as rental income in the year you dispose of the property.
Revenue are running their taking care of business event again in 2014. This is a great free event which I highly recommend for Small Business owners The dates are 11 March Limerick Strand Hotel 25 March Galway Radisson Blu 1 April Cork Silver Springs Further details are available on the revenue website http://www.revenue.ie/en/business/taking-care-of-business-event.html
No. Revenue have indicated that the household charge is not an allowable expense for Case V rental income