Accounts

Accounts board - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

Tax Returns

Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

Start up/ New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

EII Scheme – how it can work

EII Scheme – how it can work

Example of how EII scheme works: Company A Ltd wants to expand into new markets, but will need an investment of €100,000. Seamus, is a director and sole shareholder of Company A Ltd. There are no other employees and no debts apart from an overdraft and HP agreement. Seamus leases a commercial property to the company and gets €20,000 a year. He…

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Bike to work scheme –

Bike to work scheme –

How often can an employee avail of the bike to work scheme? The tax exempt benefit-in-kind may only be provided to an individual employee once in any period of five consecutive tax years. The tax year in which the bicycle is provided is counted as the first year. If an employee avails of the scheme for even a…

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What medical expenses cannot be claimed for tax ?

What medical expenses cannot be claimed for tax ?

The following medical expenses are not allowed for tax relief: 1) The cost of sight testing and the provision and maintenance of spectacles and contract lenses 2) Routine dental treatment which is defined as “the extraction, scaling and filing of teeth and the provision and repair of artificial teeth and dentures” 3) Cosmetic surgery (unless the surgery or procedure is…

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