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!
Taoiseach Varadkar announced yesterday that the Minimum wage will increase to €9.55 from 1st January 2018. Click on the following link for more –>> http://www.independent.ie/irish-news/politics/minimum-wage-set-to-increase-to-955-from-january-varadkar-confirms-an-important-step-in-the-right-direction-35943219.html
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According to a new report, the Government’s ‘Help-To-Buy’ scheme is helping drive the property market to heights not seen since the boom years. Click on the following link for more –>. http://www.irishexaminer.com/…/help-to-buy-scheme-sees-24k-…
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Last week, the Minister for Social Protection announced his plans to introduce a universal “SSIA-style” retirement savings plan by 2021, designed to increase the level of pension coverage in the private sector from the current 35 per cent. For more information, please click on the following link –>> http://www.irishtimes.com/…/prospects-for-varadkar-pension-…
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Self employed people are now entitled to a free dental and optical check-ups through their PRSI Contributions. The benefits will also extend to a worker’s dependent spouse, who will also have access to regular dental and optical examinations, free of charge, for the first time. For more information click on the following link ->> http://www.irishtimes.com/business/personal-finance/free-dental-visits-for-the-first-time-for-self-employed-1.3026284
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http://www.independent.ie/business/irish/tracker-mortgage-scandal-is-systemic-central-bank-governor-35592469.html
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Welcome changes to travel and subsistence rates effective from the 1st April for PAYE workers and Company Directors who are paid T&S in line with civil service rates. Click on the following links for more information ->> ->Motor Travel Rates – http://circulars.gov.ie/pdf/circular/per/2017/05.pdf ->Domestic Subsistence Allowances – http://circulars.gov.ie/pdf/circular/per/2017/06.pdf ->Subsistence Allowances Abroad – http://circulars.gov.ie/pdf/circular/per/2017/07.pdf
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Tax breaks for “accidental landlords” are in the pipeline in a bid to keep properties in the rental market and boost supply. The Department of Finance has set out a range of possible tax reliefs which might be applied to encourage landlords to remain in, or to enter, the rental market. http://www.independent.ie/…/tax-breaks-for-accidental-landl…
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If you are a property owner who opted to pay your Local Property Tax (LPT) for 2017 via a Single Debit Instruction you are reminded that the payment is to be deducted from your account tomorrow Tuesday 21 March.
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Interesting news about Non-Principal Private Residence (NPPR) charge being allowed as a tax deduction in calculating a property owner’s taxable rental income. That decision is now being appealed by Revenue so tax refunds are on hold. Click on the following link for more ->> http://www.independent.ie/…/dont-duck-out-claim-overpaid-ta…
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The SBCI Agriculture Cashflow Support Loan Scheme is proving to be very popular among the farming community and the demand for it is extremely high.The most attractive feature of this new product is it’s interest rate of 2.95%. The loans are available through AIB, Bank of Ireland and Ulster Bank and can be used for various purposes outlined in the
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