Advantages of contracting If you want to be a freelancer or contractor in Ireland, or you have been made redundant you need to look at your options If you are already self-employed, then you can see how much you can take home here: https://www.osamcquillan.ie/resources/blog/income-tax-bills-for-2018/ Whatever sector of industry you work in the are many advantages to being self-employed, so we …
The Companies Office in Ireland is responsible for keeping the Register of Business Owners. Who needs to have their information on the Register of Beneficial Ownership? If you own or control more than 25% of the shares/voting rights/ownership interest in an Irishcompany or through control via other means you need to include this information on …
RBO Ireland – What you need to know about the Register of Beneficial Ownership Read More »
What are tax credits? In Ireland, tax credits can be deducted from your tax bill. If you are paid a salary in Ireland, everyone receives Personal tax credits. Depending on your circumstances you may be entitled to other tax credits, like Employee tax credits, Earned Income tax credits and so on. Here is a list …
PAYE Modernisation was started as the new online payroll system in Ireland in January 2019. Employees including directors will no longer receive forms like P60s or P45s. Payroll will now be completed online and there is a filing every payday, allowing employees to see pay and tax in real-time on Revenue’s website through the employee’s …
The Irish Payroll System and PAYE Online Modernisation Read More »
What is Rent a Room Relief? Rent a Room Relief allows householders to rent a room or rooms in their property free of income tax, PRSI or USC up to a maximum of €14,000 per year. This amount includes any payments made to the householders for electricity etc. Do I have to live at the …
Bullet HQ is accounting software that is only available in the cloud. How much does Bullet HQ cost? This package is free but only if you have 5 or fewer invoices per month, so ideal for a side hustle or once a month invoice. For the paid version it’s $27 per month. Ease of use/jargon …
Xero is an accounting software that you can use to simplify your accounts. In this article we will talk about the cost of Xero, if it is easy to use and how it provides reports and its integrations. Pricing of Xero This package is $20 per month for the entry version ( Starter ) which …
There are many versions of Quickbooks, not least the offline but here we look at the cloud accounting version. In this review, we will talk about the pros and cons of Quickbooks Online. Pricing -How much does Quickbooks Online cost? This package is €15 per month for the middle version ( Essentials ) which has …
Quickbooks Online Accountant Review 2020(Pros and Cons) Read More »
This package was formerly known as Sage One, and is part of the suite of accounting and other programs offered by the publicly quoted company Sage. It includes core accounting, project accounting, expense management and compliance management and stores everything in the cloud. Try a 30-day free trail with Sage now How much does Sage …
There are new tax benefits available to companies for spending on research and development. The tax treatment in Ireland has changed recently to encourage such spending. We have set out below the tax implications of the old system and the new system. Old system The old system applied to accounting periods commencing on or before …
Research and Development Tax Credit Guidelines in Ireland (2020) Read More »
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