17 July 2017

Revenue have recently revised the Civil Service mileage rates that can be also be used by employees outside civil service for business journeys. These are the maximum rates allowable. Note the rates drop dramatically after 5,500 km. Subsistence rates stay the same
Good news you can still claim 8 cent a km for business trips on your bicycle (and keep fit) !

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17 July 2017

You can claim expenses and deductions that are allowed under Irish tax law and that are fully related to earning rental income. You can claim capital allowances on the fitting out and furnishing of your foreign rental property.

 

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17 July 2017

The Companies (Accounting) Act 2017 came into force on 09/06/17 and, it will reduce the financial reporting obligations on small businesses. One of the more significant changes in the act is the creation of a new category of company called a micro company.

 

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