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Some helpful tips regarding VAT, which may help improve your cash-flow: 1. Are you currently accounting for VAT on the invoice basis? This means you pay VAT based on the date of your sales invoices. This is the standard way most businesses account for VAT. However there is a second option called the cash receipts …

An increasing area of focus in Revenue audits is whether individuals hired by a business are correctly classified as employed or self employed.

The European Central Bank (ECB) has cut its key interest rates by a quarter of a percent. The move was widely expected and brings the rate to 0.75%, a record low rate. This is very good news for tracker mortgage holders and we await to see whether the banks will pass the rate on to …

The Home Carer’s tax credit may apply to more married couples today than it did in recent years as one spouse may be at home full time caring particularly for children due to the economic recession. The home carer’s tax credit is available to married couples who are jointly assessed, where one spouse stays at …

This is applicable to those who have investment properties, second homes and holiday homes etc. The fee is €200 and is payable to the local authority in which the property is situated. The website www.nppr.ie is easy to use and you can create an account to make the payment online. Collection of the Non Principal …

The Zurich Life Promotion is now a couple of weeks old and the 5% discount available on new mortgage protection, life assurance and serious illness policies or 2 months premium cashback is proving popular. If you have taken out mortgage protection, or life assurance in the last 10 years it might be time to review …

2012 NPPR Charge Due by 30 June 2012 This annual tax is again due for renewal, it seems to come around pretty fast ever year now! This is applicable to those who have investment properties, second homes and holiday homes etc. The fee is €200 and is payable to the local authority in which the …

2011 Income Tax Return Revenue have advised that the existing 31 October 2011 Pay & File deadline for 2011 Income Tax returns is being extended to Thursday 15 November 2012 for returns filed online via the ROS system. To avail of the extended deadline, an individual must, by 15 November File their 2011 Form 11 …

Zurich Life have introduced a new life cover product “Cancer Cover”. It pays a lump sum benefit on the diagnosis of cancer of specified severity. Cancer cover is available to clients aged 18 to 60 and is available on a single, dual or joint life basis. The minimum premium is €10 per month. The minimum …

Some time back I prepared a blog on saving money for children based on grandparents helping out and then transferring as a tax free gift. This blog can be found here. In this blog I am just going to look briefly at the funds that can be accumulated by investing the child benefit received by …