Damien Malone

Working from home is an effective way to minimise your tax bill, but there are a number of important factors you should know. Here are some tips for claiming home office expenses. Firstly, you can claim the rent for a dedicated room. Your rent deduction will depend on the square meters of the room. Next, you will need to calculate how much GST/HST you need to claim.

When choosing a payroll software for your small business, you should keep a few things in mind. Payroll software for small businesses will need to be flexible with pay schedules, such as monthly, weekly or fortnightly payments. It should also offer customer support, as a small business will not have technical resources to troubleshoot a problem. Make sure that the payroll software you choose offers cloud-based service, as this will protect the data you store.

If you are wondering, “What Expenses Can I Claim To Reduce My Personal Tax Liability in Ireland?”, read on! This article will discuss Qualifying expenses, Non-routine medical expenses, Business expansion scheme, and Property loans. It will also explain what is considered “capital goods” and how they can be deductible. Once you understand these three categories, you can easily claim a tax refund and minimize your liability.

If you live outside the EU, company formation in Ireland can be an excellent option. However, there are certain tax issues that non-residents should be aware of. For example, you may be exempt from Personal Income Tax if you are a non-resident director of a listed company. Furthermore, you may not be taxed on dividends received from a listed company. To avoid these complications, we’ll go over some of the most common tax issues for non-residents.

There are several steps a company can take to qualify for 12.5% Corporation Tax in Ireland. While some of the requirements are common, some are not. Each business is different. Generally, companies must prove that they carry out at least a portion of their primary activities and control from Ireland. Documentary evidence is also helpful. Written records of meetings, receipts, and hotel booking confirmations are essential.

In order to save money on accounting fees, you can outsource some of your tasks, or even hire someone to do the job yourself. By tracking your cash inflow and outflow, you can make sure your accountant doesn’t make a mistake. Other ways to save money on accounting fees include outsourcing accounting services, and adding a student to your payroll. Here are some suggestions. Follow these tips to reduce your accounting costs.

If your employer has recently given you shares of stock, you may be wondering how to pay tax on these stock options. In Ireland, the default income tax rate is 40 per cent. Still, you can apply for a reduced rate by contacting your local revenue office. Then, your employer will let the Revenue know you have exercised your share options. Here are the steps to take:

So, let’s first unpack what the deduction is. The health care insurance deduction would allow the self-employed who qualify to write off 100 of their insurance premiums.

The first thing to know is that when you hear terms like sole trader and company in the context of a business, you’re looking at the business’s legal structure.

The Americans have lots of different products. They have 401ks, they have traditional IRAs and Roth IRAs, which I’m just going to focus on now.

Outsourcing your accounting function and just outsourcing, in general, has become really popular over the past couple of years, whether that be outsourcing your HR, or your legal department.

Your first foundation is figuring out your finances. One of the most important things to consider when starting your own business is your finances. Will you start your business as a side hustle, while working in your full-time or part-time job or do you have the finances to take your business full-time straight away?

I’m going to explain to you the four main taxes that you need to know about if you’re running a business in Ireland.

If you’re in your 20s or 30s, you’re probably not even thinking about retirement, it seems like a very, very long way away, and you’re right. However, there are some really good incentives to start investing in a pension. Early and reducing your tax bill is the main one.

If you’re looking to calculate employees’ weekly pay, then you’ve come to the right place. In this article, we’ll walk you through the process of calculating employees’ weekly pay in Ireland.

Whether you are in the process of hiring staff for your business or you are a director paying salary to yourself in Ireland, here are is a simple guide to