Claiming for Tuition Fees
Wednesday Club Blog - Claiming Tuition Fees When's a Tuition Fee a Registration fee? Of the many questions we are asked regarding tuition fees, the most common relate to the difference between...
View ArticleMarried – How to be assessed?
Just Married? Congrats! This week in the Wednesday club we spoke about how you may have potential wedding pressies from the taxman! If your taxes are not updated you could be missing out on vital tax...
View ArticleLies, Damn Lies – and politicians quoting EuroStat
"50% of Workers not paying any Income Tax" This little snippit of fact has been one of the most frequently quoted up and down the country by Politicians in this last month. We hear it quoted as from...
View ArticleCredit Union Loans for Home improvement
Tax Relief on Home Improvement Loans Did you know you can claim tax relief on the interest paid on a loan used by you to purchase, improve, repair or develop your main residence or to pay off another...
View ArticleYour Employment contributions – how do they compare?
We talked previously about government representatives talking about how only 50% of workers pay income tax - and why this is not a good measure of the contribution low paid workers make to the...
View ArticleUniversal Social Charge
The ESRI published it's latest pre budget briefings and in it outlined a proposed Universal Social Charge. They are proposing that this be introduced in the next Budget as a Revenue Neutral Item. Why...
View Article2006 Tax Refunds
Last Chance to Claim 2006 Tax Back If you were working in 2006 and think you may be due a tax refund, the deadline for claims to be completed is in December. Officially its the 31st December, but last...
View ArticleBudget 2011 – Tax Cuts and Levy increases
So you have checked on the Budget Calculator how you are affected by Budget 2011 - see below how some other people are affected by the changes. Single person Earning €30,0000 - Better Off! Jenny earns...
View ArticleUniversal Social Charge and Medical Cards
Paying more Tax in 2011? For the years 2010 and before, if you received a Medical Card, you were exempt from having to pay Income Levy and Health Levy. However, under the new Universal Social Charge...
View Article2010 Tax Refunds
Start your Tax Refund Claim Now! Best wishes to all of you in this New Year. Revenue have now updated their systems and we can now start your full Tax Refund review for 2010. Just a few helpful...
View ArticlePaying Tax for the 1st Time?
You may be one of 140,000 to receive a nasty surprise in your first payslip of the new year 2011. The recent changes in tax from Budget 2011 will mean that many will see a tax charge on your payslip in...
View ArticleP60 Example 2010
Aaaaahhhh! It's my P60! So many numbers, so much information, I don't understand it, I think I'll file it away for now. If you were working at the end of the year, you should be getting a copy of P60...
View Article2011 – Pension Charges & Tax
What's new for Pension Contributions in 2011? in 2010, if you were a higher rate tax payer and made contributions to a pension, you were allowed relief of income tax at 41% - but also you did not have...
View Article10 things you should know about your 2010 P60
Welcome to 2011! If you were working at the end of the year, you will receive a P60 from your employer soon. 2010 P60 Probably the most important and most talked about bit of post you will receive...
View ArticleUniversal Social Charge & Over 70
Liability to Universal Social Charge (USC) The Universal Social Charge was introduced in Budget 2011 and will be charged on your income in 2011. It replaces the Income Levy & Health Levy charges...
View ArticleRent Relief – 2011 tax credit reduction
2011 Rent Relief Currently renting If you are currently receiving rent relief, Budget 2011 announced changes in the maximum amount of rent paid that you can get relief upon as follows: So, for a...
View ArticleJan 2011 Payslip Cuts
Budget 2011 changes in Monthly Payslips How much are you down? We've done an analysis of how much your pay packet will change for different pay levels and personal situations. Married, Single Income...
View ArticleTrends in Tax Refunds in 2011
Who's Claiming Tax Refunds in 2011? With all the changes in the Tax System in the last few years, you can easily lose track of what you can claim with in excess of 200 Tax Credits and Income Deductions...
View ArticleUSC & northern medical cards
Universal Social Charge limited to 4% This was brought to our attention on our facebook page (thanks to Rob for that). Under the USC, if you have a Northern Ireland Medical Card, you can avail of the...
View ArticlePublic Sector payslip 2011
Example impact of changes from Decembers Budget for a Teacher If you are working in the public sector, and particularly as a teacher, you will find the following video useful. It illustrates the...
View ArticleBudget 2012 – What’s rumoured
Latest Budget 2012 News Early Days yet, but already a strong message coming out as to what changes we will see in Tax and charges in 2012 from the Budget in December. Already in the Pipeline - Cuts in...
View ArticleCharitable deductions & Tax – Who Claims?
Giving to charity is good - and saves on tax! Giving to Charity and supporting charities, particular home based charities, is so much more in the public domain now, at least compared to my childhood...
View ArticleRevenue Error – Calculating Incorrect Tax Rumour
Have you seen this posted on your wall in facebook or on an email? I have recently found out that everyone who was working in ROI in the past 4 years can claim PRSI refund(not tax!). PRSI was counted...
View ArticleBudget 2012: Income Tax Change #1: Bins.
No Changes to Income Tax? The Minster of Finance has told us, repeatedly now, that there will be no changes to Income tax in Budget 2012. Should we bother with the Red Oak Budget 2012 Calculator...
View ArticleBudget 2012 – Possible PRSI Changes
PAYE Taxpayers to be charged PRSI on Unearned Income? It has been confirmed that PAYE tax will not be subject to much change in Budget 2012. However there are suggestions that an increase in PRSI is...
View Article2012 Tax changes to your Payslip
Why your net pay per payslip may change In Budget 2012, it was announced that no new changes to Income Tax would be introduced for 2012. So why has your Net Pay per your Payslip changed? Here are 8...
View Article2012 Tax Refunds
Claiming Tax Back from your P60 in 2012 Most people (in the private sector at least) will see their P60's arrive now or in the next few weeks, as the Tax Refunds season starts. So what are we...
View ArticlePRSI Refunds News
26,000 receive PRSI Refunds A Story that was quietly building across the last few months broke loose today, as it was reported that more than 26,000 people shared in PRSI refunds of over €10m. Exempt...
View ArticleWhat’s Changed in your Payslip in 2013?
New Year, New Payslip - and we all sit down and wonder "Why is that Different?"! When FF were in Govt they hit tax credits hard, the current FG/Lab administration have mostly looked elsewhere. None...
View ArticleExample refund of Income Levy
Example of a Tax Refund of Income Levy available to the holder of a Medical Card, Continue reading →
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