Latest Irish Tax News
The ITAS Accounting blog brings you the latest Irish tax news and finance news, including the latest Revenue updates, amendments to legislation, tax deadline reminders, tax tips, business tips and more.
Unlocking Tax Savings: Your Comprehensive Guide to Reducing your Tax Bill
As the Income Tax Return deadline approaches this October, many individuals find themselves facing the prospect of taxes owed to Revenue. But fear not! In this informative blog series, we delve into a variety of strategies and opportunities to empower you in...
Unlocking Tax Savings: Your Comprehensive Guide to Reducing your Tax Bill
As the Income Tax Return deadline approaches this October, many individuals find themselves facing the prospect of taxes owed to Revenue. But fear not! In this informative blog series, we delve into a variety of strategies and opportunities to empower you in...
Unlocking Tax Savings: Your Comprehensive Guide to Reducing your Tax Bill
As the Income Tax Return deadline approaches this October, many individuals find themselves facing the prospect of taxes owed to Revenue. But fear not! In this informative blog series, we delve into a variety of strategies and opportunities to empower you in...
Enhanced Reporting Required by Employers
Starting in January 2024, employers will have an obligation to furnish specific information regarding payments issued to directors and/or employees. This obligation will be part of an Enhanced Reporting mandate imposed by Revenue. Where an employer makes a payment...
Five Money Saving Tips for Small Businesses
Running a small business? It's crucial to manage your finances wisely to ensure long-term success. Here are five money-saving tips to boost your bottom line: Review your expenses regularly and identify areas to cut costs. Keep your business finances in check by...
Rent Credit Eligibility
It has been reported that just over half of eligible individuals for rent credit are missing out and yet to register. To avail of rent credit, the landlord has to be registered with the Residential Tenancies Board, for the tenant to qualify. This requirement aims to...
Changes for Non-Resident Landlords
From 1st July 2023, the system in which non-resident landlords declare income tax on rental income received is changing. Currently, If you are a non-resident landlord, to pay tax on your irish rental income you have two options: engage the services of a collection...
Revenue Level 1 Compliance Intervention – Share Options
Revenue have recently written to a number of taxpayers with a ‘Notification of Level 1 Compliance Intervention Re: Tax Liability of Share Options Exercised’. Below, we will provide an explanation of what this letter means and the steps involved. So, what does this...
5 Perks of Having Your Accountant Manage Your VAT Returns
Your accountant can provide advice on VAT registration and help you identify opportunities to save money on VAT payments. Additionally, they can calculate and submit VAT returns on behalf of your business. By entrusting your VAT returns to your accountant, you can...
UPDATE -Extension of Director New PPSN Requirements for Company Filings
As per our previous blog, the date for all directors of Irish incorporated companies to have to provide their PPSN when completing certain filings with the Companies Registration Office (CRO) was delayed. The Companies Registration Office (CRO) have advised...
Extension to Director New PPSN Requirements for Company Filings
The CRO announced under the 2021 Companies (Corporate Enforcement Authority) Act, all directors of Irish incorporated companies will have to provide their PPSN when completing certain filings with the Companies Registration Office (CRO). This was due to come into...