It seems everyone in the office here at Red Oak has been giving their teeth some good old TLC recently. In the last month, many of us have gone for routine dental check-ups and 3 of us have started the process of getting braces.
Of course, we are all aware of the tax relief we can claim back for the cost of some of our treatments, but it got me thinking that many of you out there
From time to time, we get asked why people should choose Red Oak to get their taxes checked. Of course, there’s loads of different options out there – you can try a bit of DIY, engage the services of an accountant or look at the various companies offering services such as ourselves.
For some people, the challenge of navigating the tax system themselves is a thrill – but for others, it’s a complete nightmare. If you fall into the latter group, then
Many are saying yesterday’s budget heralds the end of austerity in Ireland as, surprisingly, we are once again one of Europe’s fastest growing economies. For the first time since the start of the recession, the Government opened the purse-strings and gave some much-needed relief to struggling taxpayers.
Finance Minister Michael Noonan told us we are now entering a “new phase” where the focus is now ”on reforming the income tax system in a manner that positively contributes
In our last look at proposed changes to the tax system before the budget next Tuesday, we’ll put the spotlight on the tax bands – ie. the income levels where the Government applies different rates of tax to your salary.
Tax Bands apply to Income Tax, USC and PRSI.
Marginal Income Tax Bands
At the moment, Ireland has one of the lowest entry points at which employees become subject to the higher rate of income
The rumour mill continues to turn in the lead-up to Budget 2015, and with less than a week to go till the day of truth, we decided to take a look at a tax-break option which has consistently been the dark horse in the Budget race.
Today we’ll examine what would happen if tax credits were increased, and evaluate the savings to you across a range of income levels.
As we have one of the most
This is the second part of our Pre-Budget series, which is designed to help you navigate the maze of speculation surrounding tax proposals for 2015.
Today we’ll take a look at the well-run rumour of a cut to the Standard Income Tax rates using a 1% reduction, as this is the most common estimation. We’ll give examples across a broad range of salaries so you can estimate how much money you could save if these changes come
We’re just two weeks away from Budget 2015 and speculation and expectation are on everyone’s lips… Will there be tax cuts and who will get them? There is a lot of jargon being bandied about at the moment, so we thought we’d break it down for you to simplify the rumours that are out there and give some examples so you can see how this might affect you.
In the first part of our budget rumours series,
The ‘Red Oak Gives Back’ Campaign
Here at Red Oak we are proud of our origins and so thankful to the local community of Carlow for their support, which is why, we think it’s only fair we give something back! So this month, we’re running our ‘Red Oak Gives Back’ campaign.
Throughout the full month of September, we’ve partnered with a local worthy cause, the Delta Centre, to help raise much needed funds for them. We’re giving a €5 donation for every
There’s always that one friend. You know the one. The one that knows how to do everything – they’ll tile their bathroom, pave a patio area, make their own wedding invitations and do their own tax. They’re the friend that will always say – sure, what didn’t you do it yourself?
Many people are guilted into feeling they should be able to do these things themselves – but really, the truth is, you just don’t want to!
There’s not a day goes by when the tax experts at Red Oak don’t spot an error with somebody’s tax – whether they’ve made it themselves or it’s the fault of their employer or Revenue – mistakes are common and can have a huge impact on your possible refund. Here are the top 5 mistakes people can make with their tax!
1. Assuming the Information that Revenue has for you is correct
This is the most common mistake!