Before an entrepreneur actually commences trading, there would be   preparatory, research and marketing expenses that would be incurred. The revenue commissioners allow such expenses that are incurred within 3 years of commencement to be offset against income arising from the new trade.

The following is a list of less obvious medical items which can be claimed once you have a written recommendation from your GP – an exercise bike, computer, orthopedic bed, wheelchair, lifts, hearing aid, glucometer machine, guide dog.  

    This is a great relief for people who have been unemployed for more than a year and hope to start their own business. The relief gives an exemption from tax on the first €40,000 of profits for first two years of business. This scheme is subject to qualifying conditions.