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Self employed or running a business, you still need to file your tax returns. All your accounting services under one roof
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facebook.comIt has been rather quiet this year but Budget 2017 is here. Below are the relevant changes to you; USC rates are to be reduced as follows; 5.5% reduced to 5%; 3% reduced to 2.5%; and 1% reduced to 0.5%. Those on the minimum wage will not pay USC beyond the lowest rate. The Earned Income Tax Credit is to be increased by €400 to €950. Home Carer's Tax Credit is to be increased by €100 to €1,100. DIRT to be reduced by 2% per year for the next 4 years eventually being reduced to 33% by 2020. The Start Your Own Business Scheme to be extended for a further 2 years. Rent a room Relief increased by €2,000 to €14,000 per annum. Capital Acquisitions Tax threshold on inheritances from parents increased by €30,000 to €310,000. All weekly Social Welfare payments will increase by €5 per week from March. A Christmas Bonus of 85% will be paid to social welfare recipients in 2016. No changes to taxes on alcohol but cigarettes to increase by €0.50 per 20 pack of cigarettes.
With only just 4 weeks to go to the October 31st deadline for filing your 2015 Income Tax Return and for paying Preliminary Tax for 2016, why wait until it's too late. If you need assistance with any of the above please don't hesitate to contact me for a free consultation. Thanks
TaxAssist Accountants Ireland
It's now just 6 weeks to go to the October 31st deadline for filing your 2015 Income Tax Return and for paying Preliminary Tax for 2016. If you need assistance with any of the above please don't hesitate to contact me on 085 2044730.
TaxAssist Accountants Ireland
Self employed or running a business in 2015, you will need to look at filing your income tax return by the 31st October 2016 in order to avoid interest and penalties from the Revenue. Contact me today for all of your accounting requirements.
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