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

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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

What are pre-trading expenses ?

What are pre-trading expenses ?

WHAT ARE PRE-TRADING EXPENSES ? Pre-trading are expenses incurred by new start up businesses before they actually begin to trade Examples of which are: Cost of business plans Advertising Legal fees Rent & Rates Training courses Accountancy fees How pre-trading expenses are dealt under income tax and vat is set out below A. Income tax…

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What rental expenses can I write off against my rental income ?

What rental expenses can I write off against my rental income ?

What Rental expenses can I write off against my rental income ? Allowable expenses that can be offset against rental income include: rates you pay to a local authority for the property rents you pay for property such as ground rents Mortgage interest if registered with Residential Tenancies Board. insurance premiums against fire and public…

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WHAT TAXES DO I PAY ON CRYPTO GAINS ?

WHAT TAXES DO I PAY ON CRYPTO GAINS ?

WHAT TAXES DO I PAY ON CRYPTO GAINS ? Normally, for the majority of people who make money from buying and selling crypto currencies such as bitcoins or Ethereum, the gains on same are subject to capital gains tax. It is best explained by an example below: For example: On 27th May 2022, Jim Smith…

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