Archive for September, 2011

Take Charge of the Universal Social Charge

The Universal Social Charge or USC came into being in January of this year and received as cool a reception from employers and employees as the ice that gripped the country during that time. A tax that replaced both the income and the health levy,...

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Average Irish Medical Expense Refund Over €250!

Medical costs are one of the most likely expenses which can be utilised by people in order to claim a tax refund in Ireland. Previous to 2009 you were entitled to claim tax relief in respect of these costs at the highest rate of tax...

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Experience is the name we give to our mistakes

 As you may recall, last December, the taxman announced that he intended to review 50,000 SMEs annually over the next 4 years with the hope of recovering underpaid tax and the loftier ideal of installing a more prudent approach to record keeping amongst the nations’ smaller business enterprises. The initial briefing...

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Don’t drag your heels over your tax affairs

“ I was thrown out of college for cheating on the metaphysics exam; I looked into the soul of the boy sitting next to me.” – Woody Allen  Cheat HMRC? Consider this: £3,558: The amount of tax evaded. £707,200: The penalty  First things first; yes those...

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