Preliminary tax and start-ups

What is it? Preliminary tax applies to self-assessed tax payers and companies. This article deals with preliminary tax for humans as opposed to companies. Preliminary tax is a payment of income tax in advance or on account. It must be paid on or before 31 October of the year to which it relates, eg the…

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SMEs need not apply

The Irish Government appears to recognise the importance of small and medium sized entities (SMEs) to the economy (despite, in my opinion, having too high a bias towards exporting businesses). This recognition is reflected in the various initiatives intended to support the sector: Various tax reliefs for start-ups Funding for start-ups Funding and supports for…

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Back to college: tax relief on tuition fees

If you are in the unfortunate position of not having your or your children’s college fees covered by a grant you may get some help by way of a tax relief. What is it? Quite simply – a reduction in your income tax bill! The reduction is given in respect of certain tuition fees paid.…

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