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Thousands of families face huge inheritance tax bills as home values rise
An article issued on independent.ie highlights the details contained in a recent survey completed by Coyne Research. ‘The survey shows 84pc of people in Ireland don’t know the current inheritance tax rate, which could seriously affect inheritance for their...
Legal and Tax Implications of Directors’ loan
Companies and their directors are seen as two separate legal entities. Therefore, when a director wishes to borrow money from their company for personal use even for a short period of time there are a number of legal restrictions and tax implications to be considered....
Audit Exemption – Who Qualifies?
Any company who has had to go through an Audit will know that it is both extremely time consuming and costly. Audits can only be undertaken by Registered Statutory Auditors. In recent years, audits have become more complex and the audit process itself has become far...
Revenue investigating Airbnb homeowners
As reported in the Irish Times on Monday, 11th June 2018, Revenue are investigating the tax affairs of several homeowners who have let rooms through the Airbnb accommodation website. The notice issued states that it is investigating all taxes and duties, including...