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Tax tipsNational Insurance and VAT Cash Accounting and Flat Rate Scheme. Both of these special schemes for calculating the VAT you need to pay may reduce the cash flow impact of your quarterly payments. The entry rules are complicated. Call us if you would like more information. VAT – Defer Registration If you are starting up…
Tax tipsTax Administration July Tax Instalments – are you paying too much? If your taxable income has reduced this current tax year 2010/2011, compared to 2009/2010, you may be able to make a claim to reduce your payments on account due 31 January and 31 July 2011. Please call and we will advise. File your…
Tax tipsBusiness Tax Planning Capital Gains – Using Home as Office. If you claim tax relief for the use of a room as an office you can avoid any possibility of CGT on a sale of your home if you make sure that the room is not used exclusively for business. A portable TV and…
Tax tipsPersonal Tax Planning More Tax Relief – Use of Own Car! If you use your own car for business trips on behalf of your employer, read on! If you are paid a rate per mile which is below the Revenue approved rates you are entitled to make a claim on your tax return. Child…
