35 Wolfe Tone St Sligo info@mcdowellaccountants.ie 071 91 69647
McDowell & Co Accountants was established in 2007 and offers a broad range of accounting services. Working with clients throughout Ireland with McDowell & Co Accountants it's not just about the numbers we take everything into account and support you to make the best business and life decisions.
Learn MoreActing as accounting consultants for you, allow us file your tax returns, prepare your accounts and provide the financial service you need. We welcome clients from all sectors – PAYE, the Self Employed and Limited Companies.
Learn MoreMcDowell & Co Accountants strive to provide a personable service at an affordable price without compromising a professional and high quality service.
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. E…
The purpose of this eBrief is to clarify for employers and payroll practitioners how employer contributions to an employee’s Personal Retirement Savings Account (PRSA) are to be treated for Income Tax, PRSI and USC purposes. Benefit-in-kind (BIK) An employer contribution to an employee’s PRSA is treated as a taxable BIK for the employee. However, for…
Finance (No.2) Act 2011 introduced a second reduced VAT rate of 9% to apply in respect of supplies of certain goods and services for the period 1 July 2011 to 31 December 2013. The 9% rate applies to certain goods and services previously liable at the 13.5% rate, including restaurant and catering services; hotel and…
As part of the Minister for Finances drive to increase employment, from 1st July 2011 the rate of employers PRSI will be cut in half. The current rate is 8.5% on gross wages. This will apply to gross wages only up to €356.00 per week. This effects employer pay costs only and not employees and…
Legislative changes to give effect to the taxation changes arising from the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 are contained in Finance (No. 3) Bill 2011. The Bill was published on 9th June 2011 and it is expected to be enacted in July once debated and passed by both Houses…
The Minister for Finance Michael Noonan T.D. today published the Finance (No. 3) Bill 2011. The Bill provides for changes to existing tax legislation as a consequence of the passing of the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010. The Bill will allow registered civil partners to receive the same…
Please note that the Department of Social Protection have recently clarified their position in relation to the above. Previously it was held that as an Employers contribution to a PRSA on behalf of an Employee would be regarded as a Benefit in Kind and therefore the Employee would have to pay PRSI on the value…
The Revenue Commissioners have today (25/05/11) become aware of another fraudulent email purporting to come from Revenue seeking personal information from taxpayers in connection with a tax refund. This phishing email is headed “E-mail Fogra plus the recipient’s email address “. A link opens up a form seeking personal information, including debit/credit card details, that…
Questions have arisen in relation to the VAT treatment of donations to charity, usually for specific disaster appeals, made via mobile phones using SMS shortcodes. The purpose of this eBrief is to clarify the correct VAT treatment that should apply in respect of such donations. Overview: The provision of telecommunications services is liable to VAT…
Section 195 Taxes Consolidation Act 1997 empowers the Revenue Commissioners to make a determination that certain artistic works are original and creative works generally recognised as having cultural or artistic merit. The first €40,000 per annum of profits or gains earned by writers, composers, visual artists and sculptors from the sale of their work is…
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