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

Have late tax returns and tax owing, what can revenue do ?

Have late tax returns and tax owing, what can revenue do ?

If you have late income tax, VAT, PAYE/PRSI, RCT returns and associated taxes overdue to the Revenue Commissioner Powers available to Revenue can allow them to 1) Impose an estimated amount of tax owing and impose late interest on same as it is was an normal tax return submitted 2) Can impose penalties up to 4k each for…

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Number of revenue audits & interventions increasing !

Number of revenue audits & interventions increasing !

Based on the Revenue Commissioner report for 2014 published today there was: 437,181 audits and other revenue interventions undertaken by Revenue in 2014 from which they got €610 million, that works out at an average of €1,395 per case 437 taxpayers settlements with revenue published in the press with 1,199 brought to court, fined and…

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Watch out for the vat on property minefield !

Watch out for the vat on property minefield !

If you are thinking of: a) buying or selling a commercial property b) renting or leasing a commercial property for your business c) renting out residential property on which you or your company claimed vat then watch out for the very complex vat laws that will apply Otherwise you could be left with a large unwanted vat bill…

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