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Hi Folks I'm just looking for some feedback/advice on the following: I have approx 180K sitting in a couple of very low desposit accounts (approx 2.5% PA). As the interest i'm earning on this amount is low and compounded by 33% DIRT, i was thinking of the posibility of buying a...

Thanks guys for the replies. I think initially i'll wait and see what this new accountant comes back with. His income for this year and most years has been something like this. Council Pension 12,500 (he drove a jcb for council for 45 years) State Pension 11,500 Farm Grants (approx 5,750)...

Hi Folks I'm really not sure if this thread is in the right location. If not, maybe somebody could move to correct location. It's a little longwinded so i'll try and make it as concise as i'm able to. My Father in law has been dealing with an Accountant now for many years. He is a man in...

Hi Folks My wife owns a beauty salon for the past 8 years. Her lease from the landlord has 10 years left. She is pregnant, expecting twins and she hasn't made her mind up whether to keep the business, sell it on (if possible) or close it. Just wondering, does anyone know, with regard to...

Thanks Guys for all the replies. Just to provide some info as there were questions asked: The 1,200 figure is inclusive of VAT. My wife is in business for 8 years. Accountant's fees have only increased once (that was after the first year). The amount of work required by the accountant...

Hi Folks My wife is a Sole Trader (going through tough times at the moment). She is covering all her bills but not making any wages for herself. It has been like this on and off now for 12 months. Basically she's working for no wages at the moment. I perform her bookeeping duties for her (Cash...

Hi Guys Just referring to the above. Does it make a difference whether you have monthly interest or annual interest applied to your deposit account. I have money on deposit with Nationwide UK whereby the interest is put on account every 12 months. i'm assuming this is annual interest being...

Just want to follow up on this Brendan. My wife is a sole trader and at the end of year, the actual costs relating to the use of her car (Petrol/Diesel) are factored in. However, at no stage has Car tax or Car insurance costs ever being included against her taxable income. Is this correct...

THanks Ciaran. That's what i thought.

Hi Folks Was looking to invest savings in an instant access deposit account where deposits were under UK guarantee scheme's not Ireland. Only bank i can find is Nationwide UK. I already have 100k on deposit with Nationwide UK and i believe 100k is all that can be guaranteed. Leeds - is 90...

Hi Folks I am just looking for some help with two recent changes made by the government in relation to Vat & Employers PRSI. My wife owns a small business and i do her book keeping for her. Just have couple of questions, if someone could help me out. VAT Vat rate has been reduced from...

Thanks Ciaran T. Think that's what i'll do. Looking at putting some funds into Nationwide UK 3% easy access & rest of savings into 3.6% investec - 1 year. Will print off application form and complete over the xmas. Thanks for your help.

Hi Folks Being reading some of the great advice that has been given lately on this site. Thus i have withdrawn all my savings from An Post Savings Certificate due to concern over the safety of these funds. Was reading Brendan's key post with regard to the safest banks to invest my savings...

Thanks Guys for all the excellent replies on this subject. Basically, what i was trying to do was gain as much information as i could, in case of worst case scenario happening. Lets hope it won't come to that. What should help her is that the Bank Loan she has been paying over the past 6/7...

She has always paid the PRSI contributions for her own employee's from the business, rather than take it out of their wages. She has only ever had two/three workers at any one time but she has always paid the employee prsi contributions herself. Think quiet a lot of Sole Traders with very...

Hi Guys Thanks for the replies. So, it looks like, she is entitled to nothing. She has to continue working in her business for no wages or alternatively close and sit at home and get no money. Does anyone know, what is there rationale for not paying someone whose business has closed down...

Hi Folks My Wife is a sole trader running a small business for the past six years. At the moment, she is finding it very tough and dreading the next couple of years. She is ok at present, but if things get any worse, she fears she may have to close. At present, she is paying her Rent, Rates...

Hi Folks About 6 months ago, i placed approx 200K in the 5.5 year Post Office Savings Certificate (all my Wife & My savings). Just wondering, how safe is this money at the moment, now that the IMF are bailing us out. If i remove this money, i will lose any interest that i have accrued and i...

Hi I was wondering if anyone would be able to tell me, if any irish banks at present have no fee's attached to their current accounts. My Bank has today decided to re start charging fees to my current account. For years, they had charges on this account, then approx 5 years ago they stopped...