21.03.2010
Tax Advice
Under self assessment anyone who has a tax liability must inform the Revenue and pay the additional tax. For the majority of employed taxpayers this does not apply as tax is collected by their employer every month and any adjustments are made in their tax code. The opposite rule however does not apply as the Revenue is not obliged to tell you if you have overpaid, so if you are in doubt it makes sense to check which you can do on the Revenue website or ask your accountant to do. Some people such as directors of companies and the self employed must complete a tax return. read more
12.03.2010
Tax Advice
I have just signed up a client who has a limited company which he set up over a year ago although he did not start trading until the current tax tax. From previous posts you will be aware that one of my recommendations for the biggest tax saving opportunities read more
22.12.2009
Tax Advice
For partnerships and the self employed there is no laid down rule for claiming motor expenses, it is up to the taxpayer to decide whether to claim for tax purposes a proportion of their motoring costs, or the Revenue authorised mileage rate. Obviously you want to claim the maximum tax relief and it pays spend some time looking at which will be most beneficial for you. read more
