by ITAS Accounting | Sep 19, 2022 | Advice
From 1 January 2023, a new method of calculating Benefit in Kind (BIK) due on company cars will come into effect. So, what is Benefit in Kind (BIK)? BIK is any non-cash benefit of monetary value that you provide for your employee. These benefits can also be referred...
by ITAS Accounting | May 17, 2021 | Advice
From January 2021, Revenue issued preliminary End of Year statements for all employees for the year 2020. This allowed for employees to review their income tax & USC liabilities (if any) due to receiving the TWSS (Temporary Wage Subsidy). Employers can pay some or...
by ITAS Accounting | Mar 26, 2019 | Advice
If so, you must remember that income tax is due on the amount at your marginal rate, including PRSI & USC. Employers are increasingly offering this benefit to their new employees, obviously easing the burden of renting in Ireland, especially if re-locating. As we...
by ITAS Accounting | Sep 4, 2018 | General, Uncategorized
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....
