by Kathryn Laing Kathryn Laing No Comments

Restart Grant for Small Businesses

The Restart Grant is designed to alleviate the pressure on businesses to cover fixed costs without being in a position to generate revenues & to contribute to reopening costs.

  • direct grant aid of between €2,000 minimum and €10,000 based on commercial rates bill from 2019
  • scheme applies to small businesses with a turnover of under €5 million and employing 50 people or less
  • scheme opens for applications on Friday 22 May through the Local Authorities

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by Kathryn Laing Kathryn Laing No Comments

eWorking Benefits

Like thousands of other people, you may find yourself working at home for the foreseeable future. Did you know your employer can make a payment of €3.20 per workday to an eWorker employee without deducting:

* Pay As You Earn (PAYE)
* Pay Related Social Insurance (PRSI)
* Universal Social Charge (USC)

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by walshgibbons walshgibbons No Comments

Capital Gains Tax Summarised

Introduction:

Capital Gains Tax (CGT) is a tax charged on the capital gain made on the disposal or the gifting of any asset.  Assets could be property, shares, etc.  CGT is paid by the person making the disposal. The gain (the difference between the price you paid for the asset and the price you sold it for) is the taxable gain, which is subject to CGT at a rate of 33%.

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Tax Free Vouchers for Directors and Employees

Would you like to know how directors and employees can be paid up to €500 tax-free? 

Under Irish Revenue’s Small Benefits Exemption Scheme, employers can reward employees with a non-cash bonus of up to €500 in value completely tax free each year (the limit was increased from €250 in the Budget passed in Oct 2015).

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