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!
This week along with the rest of the country, we watched with great interest as Minister for Finance Mr Noonan presented Irish Budget 2016 and outlined wide ranging adjustments to the personal tax regime, primarily on focused USC. The minister also announced steps to begin equalising the tax treatment of the self-employed and employees, together with proposals to support entrepreneurship. Find out more about
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This is a question we are often asked, Sole Trader or Limited Company – what best for me? The answer very much depends on what your business is as there are some pros and cons for both.The simple table below shows some of the differences between the two. We hope this helps you decide which option might be best for your business.
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A new RTE investigation has revealed that farmers are by far the most numerous tax offenders, accounting for more than 10% of all convictions. They were followed by company directors (4.7%), builders (3.5%), building contractors (3.2%), carpenters (3.1%) and plasterers (2.1%). Roscommon also makes headlines having the highest rate of offenders in the country! The RTE investigation also found that farmers came out
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Farm Accounts causing you stress? Figures not adding up? Our accounting services for farmers are just what you need! We understand and more importantly, we can help! Both Sheila and Declan have extensive knowledge of farming taxation derived from working with a large farming client base over the last number of years. As well as this knowledge and experience,
Read more →We were delighted to receive these fantastic words of support from such an esteemed Accountant. Our thanks to Padraig Browne for his well wishes. “I have known both Declan and Sheila for many years. As an Accountant myself I know that both are highly educated in Accountancy, Taxation, and Business/Finance in general, and have consolidated their undoubted technical knowledge base with
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The Home Renovation Scheme has been extended to landlords and now provides for tax relief by way of an income tax credit equal to 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a landlord’s rental properties. For more information, click here or call us on 071 9671524 to find out more about how we
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We can advise that the income limit in respect of the letting, for residential purposes, of a room or rooms a persons’ home has increased from €10,000 to €12,000 with effect from 1 January 2015 as introduced by Finance Act 2014. The relief can apply in the case of lettings to students, but not in the case of guest accommodation.
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