Can I claim for expenses before my business starts to trade ? A tax deduction is available in respect of pre-trading expenses which are incurred in the three years prior to commencement of your new trade or profession, Only pre-trading expenses which were wholly and exclusively laid out or expended for the purposes of the…
Do I pay tax on share options at work ? A share option is a right that your employer grants you to acquire shares in the company. The shares may be at no cost to you (nil option) or at a pre-determined price your employer sets (the option price). You must pay on any gain you make on…
I am subbie and our principal contractor has increased the RCT deduction rate ? Why is this ? The reason why your RCT deduction rate has changed could be due to a twice yearly review done by revenue on all subbies compliance records. Revenue calls this a RCT Bulk Rate review (BRR) Revenue currently carries…
