35 Wolfe Tone St Sligo info@mcdowellaccountants.ie 071 91 69647
Illness Benefit and Occupational Injury Benefit notification letters from the Department of Social Protection (DSP) Revenue have instructed employers that all taxable Illness Benefit and Occupational Injury Benefit payments paid to PAYE Employees by the DSP are to be included with taxable pay. DSP notifies employers of the taxable amounts of Illness/Occupational Benefits and of…
The Minister for Finance announced the Home Renovation Incentive (HRI) in his Budget 2014 speech on 15 October 2013. Following on from this, Revenue announced the launch of the new electronic system to administer the Home Renovation Incentive. HRI online is now available to both contractors and homeowners. HRI online is simple to use and…
Bonkers.ie provides a free service to consumers in the form of online comparisons and switching service. Bonkers will help you to compare the costs on a range of products and services such as Gas & Electricity, Broadband & Home Phone, Credit Cards, Personal Loans, Mortgages and Bank Accounts. The aim of bonkers is to help…
Minister Hayes announced this week that farmers can receive the Single Farm Payment and the Forestry payment on the same land. The announcement means that farmers can plant their land safe in the knowledge that it will not affect their Single Farm Payment. This is great news for the farming sector especially those farmers who…
If you are a PAYE (Pay As You Earn) worker your employer will deduct tax from your earnings. Most people don’t know that they may be entitled to a refund of some of the tax paid during the year. You could be due to claim Irish tax back for various reasons such as you were…
Employers: – the P35 Deadline is fast approaching. The deadline is February 15th. File your return and associated payment the easy way through ROS – the extended deadline if you both file and pay through ROS is 23rd February. If you need assistance call Jason or Catherine at McDowell & Co Accountants, Stephen St…
If you rent out a room (or rooms) in your home to private tenants, the rental income you earn will be exempt from income tax, provided this income does not exceed €10,000 in a tax year. This is called the rent a room relief. To get rent a room relief: The total (gross) rent you…
A new single Person Credit was introduced in the latest Finance Act. It has replaced the One Parent Family Tax Credit from 1 January 2014. Tax Credit Certificates for 2014 are being issued to taxpayers whose PAYE deductions may be affected by this change. Where Revenue has enough information, the new credit has been given…
This is an article I found on the Dolls House Studio Facebook page which makes good economic sense and is well worth a read!!!! Today I learnt a lesson in economics This Morning a Lady paid me €200 for a dolls house and I ordered some signs from a local printers and some advertising materials cost…
Are you fed up with the expensive medical bills for you and your family? Do you know that a lot of people overlook the tax relief available to them on medical and dental expenses? All you need to do is to fill out a Med1Form. You are entitled to tax back on expenses incurred…
Precious Lite 2022 | All Rights Reserved. Precious Lite theme by Flythemes