Your Tax Return Expert
This applies to any payment chargeable to tax under Schedule E that is made to an employee to compensate him/her for: A reduction or possible reduction of future remuneration arising from a reorganisation of the employer’s business, e.g., a loss of promotional prospects, with attendant loss of possible higher earnings A change in working procedures
Conditions to be satisfied by a company to get Audit exemption In respect of the financial year concerned: The company must be a company to which the Companies (Amendment) Act 1986 applies i.e. a Private Limited Company; The amount of turnover of the company must not exceed €8.8 million; The balance sheet total of the
The two thirds rule applies to a transaction which at first sight appears to be the supply of a service may nevertheless be taxed as a supply of goods if the value of the goods supplied in carrying out the work exceeds two-thirds of the total charge. Therefore, instead of 13.5% applying 23% applies to the
Oliver Niland & Co – Chartered Accountant
Unit 8, Royal Rock Park,
Ballybane Industrial Estate,
Galway.
Telephone: (091) 763817
Mobile: (087) 984 6979
Email: oliver@taxreturnhelp.ie
(Right across from Thomas McDonagh’s hardware store and directly behind the Royal Rock Café )