April, 2010 | McDOWELL & CO ACCOUNTANTS

Self Employed tax tips #in

April 13, 2010

1. Employ a family member – make use of all family members tax credits who are not working and therefore reduce your liability by up to €4,000. 2. Form a partership with your spouse if they have no income, to stop your profits being taxed at the higher rate and save up to €6,000. 3….

Got a Cash Register ? Things you have to do..

April 13, 2010

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| Revenue Changes

Information Leaflet CASH REGISTERS and the obligation to maintain proper books and records to determine tax liability or entitlement to deductibility Table of Contents 1. Introduction 2 2. Obligation to keep records 2 3. Cash Registers 4 4. Requirements for retailers 5 4.1 Cash Register or EPOS system 5 4.2 Management of cash register data…

Tax Clearance Certificate Application

April 12, 2010

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| Revenue Changes

Tax Clearance A Tax Clearance Certificate is a written confirmation from Revenue that a person’s tax affairs are in order at the date of issue of the Certificate. You can apply online for a tax clearance certificate or to verify one. Apply for tax clearance certificate Please note: This service does not apply to PAYE,…

Tax payment difficulties

April 9, 2010

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| Revenue Changes

Revenue is determined to maintain the current high levels of compliance notwithstanding the more difficult economic circumstances in which businesses and taxpayers are now operating. Therefore Revenue expects that taxpayers and businesses organise their financial affairs to ensure that they pay their tax debts by the due date. Revenue also acknowledges that in the current…