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I have a query about this entry; Q. Do contractors qualify for the Small Benefit Scheme? A. Yes. How they qualify just depends on how they get paid. If an external contractor is paid through your company’s payroll, then they can avail of the Scheme through you. If they invoice for their...

They've updated that FAQ https://www.allgo.ie/small-benefit-scheme/ and seem to have split that question into two separate questions; Q. Can self-employed workers avail of the Scheme? A. Yes, as long as they are in receipt of “Schedule E” income from their company on which income tax, PRSI and...

The Finance Bill seems to have been signed into law https://www.oireachtas.ie/en/bills/bill/2022/101/ Does anyone know if this now means that Employer PRSA contributions will no longer be combined with Employee PRSA contributions when taking into account age related max contributions? i.e...

I'm in the same boat and not happy about this news at all. US ETFs are distributing not accumulating - it's the same as owning shares. Does anyone know if there is a way to engage with Revenue to ask to explain their reasoning... Wishful thinking but is there anyway this could mean that US...

Sorry to resurrect an old thread - this page mentions that you can get the €42 contribution for spectacles and certainly that's the case when you order in Ireland. Does anyone know if it's possible to claim this expense if I order prescription glasses on the internet, rather than in-store in...

@cremeegg Thanks for the advice This was always the way my accountant managed it for me - he did the return and made payment. He never gave me the option of managing the sign/submit/make payment steps myself in ROS. Overall it feels like I'm being punished for something that wasn't my fault -...

I found [broken link removed] on the Revenue site which shows the screen that my accountant filled - with which he definitely chose to enter 0 for the preliminary tax amount without consulting me. Thank you @Fergal19 for highlighting this for me. Does anyone know in what manner the Revenue...

The accountant files the return and instigates the payment each year. Interesting point -

I don't think I have an engagement letter with him. Sorry it's interest - I've been describing it as a fine. And yes I paid it immediately as I thought everyday I waited it was continuing to get grow. At the time I didn't fully understand the mechanics of what it was for. I was kind of...

I was wondering if an accountant doesn't advise their client about paying preliminary income tax - then isn't this within their area of responsibility? Do I have any recourse with them or with the Revenue? Should I write a letter to the Revenue saying that my accountant didn't advise me...

I only use him for tax returns - so I haven't taken any action yet, as I I only contact him once a year around October time

I was wondering if I could get some advice please. I've been using the same accountant for many years now and have run into a problem regarding payment of preliminary income tax to the Revenue - I'm a sole trader / small business. I only ever made a preliminary income tax payment which was in...

Thanks for your response. My weak understanding of the area meant that I hadn't considered half of that, what you are mentioning (and what T McGibney mentioned) are the kinda factors that I am in. Yes & yes Just nominal losses at this moment - that could of course change in the future...

I really don't understand why you are getting upset. It is obvious that by putting ones professional name out there in forums or other media, that it can help with generating business. I was just holding a light to comment "none of us are getting paid for commenting here". And I'm not trying...

Yup, but it helps for those that have businesses related to the forum as it can potentially generate interest in their services. Yup absolutely. And I guess that's all I'm looking for is comments & angles before I talk to an accountant, which is what I said in my original post.

Ok. Country is Australia - the firm is a private one and the investment will be held in a trust. The distribution is a cash return pa depending on how the firm does. I guess I omitted this as I was thinking it would be ok to ask in a general sense rather than getting into too much detail...

I'm not quite looking for safe / rock-solid advice - it's an anonymous internet forum after all! :) Just exploring what possibilities are out there

Hi, I'm about to invest, say €150k, in a foreign private firm which is outside of the EU for the medium to long term. The investment will hopefully pay out a distribution annually all going well, say €12k p.a., as well as the investment worth accruing over time (all going well). I was...

>> The client whom he will be charging the €20k is based in France. > His business would best be described as marketing services and promotion. Slightly old thread and you may know all this already....but just in case Something to bear in mind in relation to VAT for services, it's a bit more...

Hi there, I've got most of my savings in deposit accounts and maybe about 10% in investment funds. However I feel that I have too many eggs in one basket... I've lost faith in the ability of the Irish and UK govts to cover several banks going thermo nuclear at once, so I'm looking for some...