Starting a business can be an exciting journey, but it also comes with its fair share of challenges, especially when it comes to understanding taxes. One tax that you might come across if you’re involved in construction, forestry, or meat processing is the Relevant Contracts Tax (RCT). In this post, we’ll break down what RCT […]

Understanding Your Tax Status in Ireland: Residence, Ordinary Residence, and Domicile Explained Navigating tax rules in Ireland doesn’t have to be complicated. Here’s a straightforward guide to understanding three key terms that affect your tax duties: residence, ordinary residence, and domicile. Knowing these can help you manage your taxes better and avoid surprises. What Does […]

Attention all self-employed individuals and business owners: Revenue has announced an important update for those who file their taxes online via the Revenue Online Service (ROS). The traditional October 31 deadline for submitting your income tax returns and payments has been extended. Extended Deadline Details: For 2024, the new deadline to file your 2023 Form 11 […]

Are you embarking on a journey into the world of entrepreneurship, or perhaps navigating the complexities of self-employment for the first time? If so, you’ve likely encountered the term “preliminary tax” and wondered what it entails. Don’t worry; you’re not alone. Preliminary tax can be a daunting concept for newcomers to the business world, but […]

Are you embarking on the exciting journey of starting your own business? As you navigate the ins and outs of entrepreneurship, one crucial aspect you’ll encounter is Value Added Tax (VAT). For many new business owners, understanding VAT can be a daunting task. However, fear not! In this comprehensive guide, we’ll break down everything you […]

Choosing the Right Business Structure: Sole Trader vs. Limited Company Deciding to start your own business is an exciting journey, but one of the first and most crucial decisions you’ll face is choosing the right business structure. Two common options are operating as a Sole Trader or forming a Limited Company. Each structure has its […]