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Forum: Tax 19-12-2014, 04:50 PM
Replies: 10
Views: 645
Posted By T McGibney
Accountancy & similar costs (professional or...

Accountancy & similar costs (professional or otherwise) are only allowable if they are incurred in the course of a trade or a rental activity.
Forum: Consumer Issues and Rights 19-12-2014, 11:00 AM
Replies: 18
Views: 660
Posted By T McGibney
Its all on their P&L, so it's all current cost. I...

Its all on their P&L, so it's all current cost. I find it strange too. A large % of the total comprises depreciation. I don't know either whether, or to what extent, fuel costs includes eg peat...
Forum: Consumer Issues and Rights 18-12-2014, 05:09 PM
Replies: 18
Views: 660
Posted By T McGibney
2012 Annual Report...

2012 Annual Report http://www.esb.ie/main/about-esb/annual-report-2012.jsp

ESB "total employee related costs" 626m (itself a staggering amount) out of total cost base of 3,066m, but almost equal...
Forum: Consumer Issues and Rights 18-12-2014, 05:07 PM
Replies: 18
Views: 660
Posted By T McGibney
Not so. 2012 Annual Report...

Not so.
2012 Annual Report http://www.esb.ie/main/about-esb/annual-report-2012.jsp

ESB "total employee related costs" 626m (itself a staggering amount) out of total cost base of 3,066m.
Forum: Property investment and tenants' rights 18-12-2014, 02:39 PM
Replies: 17
Views: 862
Posted By T McGibney
There's no guarantee that this particular Revenue...

There's no guarantee that this particular Revenue policy is legal or watertight, but on the other hand if the Airbnb activity closely resembles a B&B (multiple customers typically staying for 1/2...
Forum: Tax 16-12-2014, 12:36 PM
Replies: 25
Views: 1,003
Posted By T McGibney
Jack actually wants the overall income tax burden...

Jack actually wants the overall income tax burden to increase, for most people.
Forum: Central Bank consultation on mortgage limits 01-12-2014, 05:03 PM
Replies: 16
Views: 633
Posted By T McGibney
We can change governments Gerry but we can...

We can change governments Gerry but we can rarely, if ever, change the State. The ruinous State-engineered bubble and bailout attest to that.

Anyway this is totally off topic.
Forum: Central Bank consultation on mortgage limits 01-12-2014, 03:05 PM
Replies: 16
Views: 633
Posted By T McGibney
The State cannot get any of these right. In each...

The State cannot get any of these right. In each and every one, the State's actions have caused costs to balloon, and individuals and families pay the price.
Forum: Other financial issues 27-11-2014, 01:12 PM
Replies: 9
Views: 1,168
Posted By T McGibney
The notion of a poll tax on mobiles phones (which...

The notion of a poll tax on mobiles phones (which would presumably hit teenagers?) is bizarre, and if implemented would make Ireland a laughing stock.
Forum: Service Providers - Phone, Broadband and TV 26-11-2014, 11:29 AM
Replies: 85
Views: 3,288
Posted By T McGibney
But all these factors apply to the "proposal"...

But all these factors apply to the "proposal" launched by the Minister this week. So what's the big problem? :confused:
Forum: Service Providers - Phone, Broadband and TV 26-11-2014, 10:57 AM
Replies: 85
Views: 3,288
Posted By T McGibney
The corollary here is of course that universal...

The corollary here is of course that universal access to broadband allows the State save serious money in bringing its own operations online.



Quite.
Forum: Service Providers - Phone, Broadband and TV 25-11-2014, 11:37 PM
Replies: 85
Views: 3,288
Posted By T McGibney
I'm beginning to think this discussion is moot,...

I'm beginning to think this discussion is moot, as it has apparently emerged today that the government have announced this "plan" (itself a rehash of previous successive unfulfilled plans) before...
Forum: Service Providers - Phone, Broadband and TV 24-11-2014, 06:06 PM
Replies: 85
Views: 3,288
Posted By T McGibney
Of course not (that's not what motorways are for...

Of course not (that's not what motorways are for :) ), but we do have publicly-funded roads going to every cottage on top of a hill - urban and rural.
Forum: Service Providers - Phone, Broadband and TV 24-11-2014, 02:59 PM
Replies: 85
Views: 3,288
Posted By T McGibney
Isn't that the case though for all infrastructure?

Isn't that the case though for all infrastructure?
Forum: Tax 19-11-2014, 06:03 PM
Replies: 32
Views: 1,606
Posted By T McGibney
Hi Gerry I appreciate that. The reality is...

Hi Gerry

I appreciate that. The reality is that accountancy firms are not sheltered in the slightest - unlike certain other professions, anyone (qualified or otherwise) can hold themselves out as...
Forum: Tax 19-11-2014, 05:06 PM
Replies: 32
Views: 1,606
Posted By T McGibney
Gerry, please explain how exactly you consider...

Gerry, please explain how exactly you consider accountants to be "sheltered"?
Forum: Tax 19-11-2014, 05:04 PM
Replies: 6
Views: 562
Posted By T McGibney
You do, if you haven't paid the appropriate level...

You do, if you haven't paid the appropriate level of Preliminary Tax the previous October/November.

But, if this is an issue, it is possible to do the return earlier in the year and delay filing...
Forum: Tax 19-11-2014, 04:15 PM
Replies: 4
Views: 318
Posted By T McGibney
CGT was cut to 20% in 1997.

CGT was cut to 20% in 1997.
Forum: Tax 19-11-2014, 02:11 PM
Replies: 32
Views: 1,606
Posted By T McGibney
Come back to me after you've read my earlier...

Come back to me after you've read my earlier posts above.
Forum: Tax 19-11-2014, 01:58 PM
Replies: 32
Views: 1,606
Posted By T McGibney
You are making a lot of assumptions here, Gerry....

You are making a lot of assumptions here, Gerry. Did you read the earlier posts?

The OP has approved and signed returns prepared on a certain basis, over many successive years. Over this long...
Forum: Tax 19-11-2014, 11:07 AM
Replies: 32
Views: 1,606
Posted By T McGibney
I don't see any negligence here. If the...

I don't see any negligence here.

If the husband is the assessable spouse and if the rental income (lease, bills, PRTB registration etc) is recorded in his name, then it would be normal practice to...
Forum: Personal Insolvency, bankruptcy, etc 13-11-2014, 01:17 PM
Replies: 24
Views: 1,632
Posted By T McGibney
That particular requirement must surely be a...

That particular requirement must surely be a breach of EU law?
Forum: Work, Careers, Employment rights, further education/training 11-11-2014, 03:08 PM
Replies: 12
Views: 1,077
Posted By T McGibney
As you are ACA qualified, it will be compulsory...

As you are ACA qualified, it will be compulsory for you to go through the hoops of obtaining a practising cert, including having professional indemnity insurance from the outset. This is a...
Forum: Personal Insolvency, bankruptcy, etc 11-11-2014, 11:10 AM
Replies: 24
Views: 1,632
Posted By T McGibney
The reasons I gave stand up. I'm not going to...

The reasons I gave stand up. I'm not going to waste time arguing with you. If you want to let off steam, there is a forum for that purpose.
Forum: Personal Insolvency, bankruptcy, etc 11-11-2014, 10:42 AM
Replies: 24
Views: 1,632
Posted By T McGibney
Very simple: 1. two sides to every story:...

Very simple:

1. two sides to every story: "after claims they were misled"
2. libel laws.
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