Firstly, congratulations on your recent or upcoming nuptials! While there are many things that you need to decide upon today, tomorrow and over the course of your marriage, one of the most important decisions you and your spouse can make is how you are set to be taxed. Your tax assessment options In the Republic of Ireland, married...
One of the most positive outcomes from Budget 2017 was the decrease in USC rates. The budget outlined cuts which will benefit people in all tax brackets, with the aim of completely phasing out USC payments over the next five Budgets. However, as Irish Tax Institute president, Mark Barrett, declared: “The greatest percentage tax saving was for those on lower...
Single Person Child Carer Credit (SPCCC) Are you a single parent or the primary guardian of a child/children? If so, you may be eligible to receive the Single Person Child Carer Credit (SPCCC), or the Single Parent Tax Credit as it is otherwise known. However, a great deal of confusion surrounds this tax credit, as many people are unsure of...
One of the most anticipated aspects of Budget 2017, the new “help-to-buy” tax rebate scheme was introduced on October 11th to assist potential first-time home buyers with gathering a deposit. With housing demand vastly outpacing supply, particularly in Dublin and other densely populated areas, the government is keen to stimulate the building of new homes and help thousands of interested and qualified...
Do you work in construction? In the past four years, have you been a PAYE worker? Like many of our customers who work as tradespeople, site managers or labourers in the construction industry, you may be due tax back. There are numerous tax reliefs in place for construction workers, so read on to discover three ways you could be getting...
Understanding Pension Contributions Tax Relief in Ireland Establishing a pension fund is an incredibly smart and forward-thinking move to ensure you have the financial means and support necessary after you’ve retired from work. Whether adding 1% or 10% of annual earnings to their pension funds, many people don’t realise that their contribution payments every year are eligible for tax relief....
Are you one of the estimated 400,000 people in Ireland who have health insurance fully or partially paid for by their employers? Did you know that you may be eligible to claim tax back on such health insurance schemes? Many people in Ireland assume that where health insurance is paid or part-paid by an employer, they are not eligible to...
Have you previously been employed on a short-term contract? Did you know, that even short-term workers such as students working for the Summer, construction workers contracted for particular works, agency temps or factory workers, could be entitled to tax back? Read on to discover three such reasons why you may be eligible to claim tax back on your short-term contract....
The Dependent Relative Tax Credit credit is just one of many you should be aware of. You could be owed hundreds worth in rebates if you have not yet claimed. If you’re one of many people in Ireland unsure about what the dependent relative tax credit is, and how you can get your tax refund, we’re here to help. This...
What is a Personal Tax Credit? Personal tax credits are due to every taxpayer resident in Ireland and serve to reduce the amount of income on which you are required to pay tax, ultimately lowering your overall tax liability. Personal tax credits are divided into various categories, and the specific credits applicable to you will depend on your marital status...
Every year, thousands of tax credits go unclaimed. During our tax reviews for clients, we have found this to be especially true for medical and healthcare professionals. Unbeknownst to many professionals working in the healthcare sector, there are a number of important tax credits that they should be claiming. 1. Education Fees Are you a student doctor/nurse? Do...
