December 23, 2015
Do Revenue want you to be their slave - it appears so, when it comes passing on the burden of administration now being imposed upon building contractors today with the introduction of the new Site Identifier number or SIN as Revenue like to call it. The objective of the new system is to identify the locations of relevant operations at all times and who are working on those sites.
With this real-time system Revenue will probably know what site the Contrator is due to work on as soon as they know themselves (if not beforehand).
I am not suggesting they will be on-site before you, I am not suggesting they hold your shovel while you fumble for your paperwork, but what I am suggesting is that this system is now being imposed for Revenue's benefit, in their ongoing effort to effectively monitor the building trade.
We at, John Shanahan of John M Shanahan Accountants, Tullamore, Co Offaly outline how this will operate - and the usual T&C's apply when it comes compliance.
December 15, 2015
Employers can reward employees under the Small Benefits Exemption
Scheme with a non-cash bonus of up to €500 completely tax free this year 2015.
But of course there are conditions attached John Shanahan of John M Shanahan Accountants, Tullamore, Co Offaly outlines the safe path to ensuring the money is tax free.
December 9, 2015
Revenue are currently testing the defences along the B-I-K lines to see is there any weaknesses that can be probed. If they get through they can play havoc with your cashflow walking away with serious booty in the name of personal taxes interest and penalties.
Armed with this information it becomes incumbent upon you to review your defences to ensure there are no chinks in the armour and that every aspect stands up to scrutiny, John Shanahan of John M Shanahan Accountants, Tullamore, Co Offaly outlines the course of action you should take as part of your review.
December 4, 2015
When you look at your payroll function and ask yourself:-
Outsourcing can free up valuable resources and allow you to invest them in more profitable areas of your business. When you take staff cost, training cost and annual software cost into consideration, outsourcing your payroll can be a real saving to your business.