by ITAS Accounting | Mar 4, 2024 | General
As an accountant, it’s crucial to stay updated on changes that affect our clients’ financial futures. One such change impacting retirement planning in Ireland is the revision to State Pension regulations, with significant adjustments starting from January...
by ITAS Accounting | Feb 20, 2024 | General
From January 2024, the way in which Employee Share Purchase Plan’s (ESPP) are taxed has changed. Whether you’re an individual participating in an ESPP or a small business owner offering these plans, these changes affect you! What is an ESPP? An ESPP is a way for...
by ITAS Accounting | Feb 13, 2024 | General
The Minister for Finance has announced a significant change to the Tax Debt Warehousing Scheme that could provide much-needed relief for small businesses across the country. The interest rate on warehoused tax debt has been reduced to 0%. Introduced in response to the...
by ITAS Accounting | Jan 23, 2024 | General
In Budget 2024, a temporary Mortgage Interest Tax Credit (MITC) was announced to be introduced for eligible homeowners. This credit, applicable for the 2023 tax year, aims to provide financial relief to certain taxpayers with mortgage balances between €80,000 and...
by ITAS Accounting | Jan 18, 2024 | General
A recent update from the Revenue Commissioners, confirmed they have sent 142 letters to social media influencers. This letter served as a gentle reminder to make sure income, gifts, freebies, and even virtual currency or token payments – are properly accounted...
by ITAS Accounting | Jan 3, 2024 | General
The Revenue Commissioners has issued a warning to businesses with €1.8 billion in warehoused debt from the Covid-19 pandemic, advising them to engage ahead of the May deadline for payment. Businesses are encouraged to plan for repayment and, if necessary, establish a...
