Here on the moran mcnamara accounting blog, we will share tax tips and advice for small business owners, self employed, farmers, sole traders, landlords and more. Have a topic you would like us to discuss? Simply drop an email to info@moranmcnamara.ie and we will cover it!
A new Rent Tax Credit was introduced in December 2022 for people who pay for private rented accommodation. The tax credit is 20% of the rent you paid in a year, up to a maximum of €500 per person, or a €1,000, if you are a couple jointly assessed for tax. The credit is available for rent you have paid for:
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Employer Provided Cars From 1 January 2023, Benefit in Kind (BIK) on employer provided cars will be calculated with reference to CO2 emissions. Employers should review their benefit in kind policy and discuss these changes with their employees / directors who have employer provided cars. One notable change is with respect to electric vehicles; currently there is an exemption in
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The Sick Leave Act 2022 came into force from 1 January 2023. The new legislation gives both part time and full time employees the right to a minimum period of paid leave if they become sick or sustain an injury that makes them unfit for work. Employees will be entitled to a rate of 70% of usual daily earnings up
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Minimum wage rates in Ireland for 2023 and the new living wage From January 2023, minimum wage workers will see an increase in their pay packets of 80c per hour. This is the first step in a four-year plan for a National Living Wage to replace the National Minimum Wage. The new minimum wage rates, effective from 1st January 2023,
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The Temporary Business Energy Support Scheme (TBESS) is open for registration. Where a business has experienced an uplift of 50% or more its energy bills (i.e. electricity / gas bills) compared with the corresponding month in the previous year, it may qualify for relief under the TBESS. To be eligible a business must • be tax compliant • carry on
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Clarity from the Revenue Commissioners for employers who wish to pay their employees 2020 tax liabilities arising on the TWSS; for more information click on the following link: https://www.revenue.ie/…/ebrief/2021/no-0972021.aspx
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Are you in business? Do you pay rates? Have you availed of the Restart Grant? If not, there may be a minimum of €4000 available to you! There could even be as much as €25,000! It’s free to apply for the grant and it could be a huge help to your business. The deadline has now been extended to October
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Revenue have an announced a further extension to the Pay and File deadline for ROS customers. The deadline for submissions for those who pay and file their self-assessed income tax returns online has now been extended until December 10th. December 10th is also the new deadline for Capital Acquisitions Tax returns relating to gifts or inheritances received in the year
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Are you in business? Do you pay rates? Have you availed of the Restart Grant? If not, there may be a minimum of €4000 available to you! There could even be as much as €25,000! It’s free to apply for the grant and it could be a huge help to your business. You need to act fast as the deadline
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As part of our Build Back Better Campaign we’ve been taking a closer look at some of the recent government initiatives to assist businesses and individuals. One of those is the Restart Grant Plus which gives grants to businesses to help them get back to work. Here is everything you need to know: The grant will be based on
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