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Mistakes to avoid as a small business
Dependent Relative Credit
A taxpayer may claim dependent relative credit for maintaining a relative or spouse at their own expense. This relative may be incapacitated by old age or infirmity or a widowed parent. This relative is not required to be living in Ireland to qualify. This tax credit...
๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ฑ๐ญ๐๐ง๐๐ข๐ง๐ ๐๐ข๐ฅ๐ข๐ง๐ ๐๐๐ญ๐ ๐จ๐ ๐๐๐ ๐ญ๐จ ๐๐๐ญ๐ก ๐๐๐ซ๐๐ก ๐๐๐๐
The VAT Return of Trading Details (RTD) is being updated to reflect the temporary change in the VAT rate from 23% to 21% on 1 September 2020. The revised RTD will be available from 10 February 2021 and the filing date of the RTD is being extended to 10 March...
Minimum Wage Increase 2021
As of 1st January, as set out in the National Minimum Wage Act 2000, Irelandโs minimum wage has increased from โฌ10.10 to โฌ10.20 per hour or part thereof, based on age of employee. Source citizensinformation.ie Calculating hourly rate As stated in the National...