Written by Administrator on December 19, 2017
Below we detail the changes that will occur and how they will affect your payslip. The Budget was announced on the 10th of October 2017 and again this year there have been some favourable results but there are also some changes that tax payers may not be aware of.
The standard rate Income Tax is being increased by €750. This means an increase from €33,800 to €34,500 for single individuals and from €42,800 to €43,550 for married couples with only
Written by Administrator on January 11, 2017
2017 – What’s changed in your Payslip?
2017 Payslip Changes
2017 Changes to your Payslip
Have you received a Payslip for 2017 and noticed it has changed from 2016? Congratulations if it is for the better! Your Pay can change for a number of different reasons from one year to the next.
Here are the Main reasons:
If you were in employment for the majority of last year and continuing into this year, then the main reason your taxes will change is from Budget 2017
Written by Ray Byrne on November 25, 2016
2012 Tax Refunds
With the year-end approaching we are all starting to think about Christmas and all that it entails. It is also the end of the current tax year and with that, brings the deadline for being able to claim any 2012 Tax Refunds that you may be due. For this Blog Post, we have decided to highlight some of the 2012 Tax Refunds available to claim and a little bit about the Tax Refund process itself.
The Tax Refund
Written by Ray Byrne on October 12, 2016
PAYE Tax Credit Fix
We often come across errors in our customers taxes that need to be fixed and that lead to a tax refund. One of the most common is where they, or their spouse if married, are not receiving the correct PAYE tax credit or in some cases they may not be receiving it at all. In this post we will just explain a little about what the PAYE tax credit is, how it is calculated and go through
Written by Administrator on September 23, 2016
The eForm 12 has basically replaced the hard copy of the Form 12 itself, although this version is still available as well. The eForm 12 is a shorter version of the Form 12 and is part of Revenue’s push for people to use their online services. It was introduced from the 2013 tax year onward.
The form requests you to confirm your Personal Details, your PAYE Income, your Non-PAYE Income, your Tax Credits & Reliefs and then to confirm
Written by Administrator on January 20, 2016
Week 53 – Is this the most complicated part of the PAYE system?
Have you noticed this year a box called Week 53 ticked on your P60?
It could be ticked if you are weekly, fortnightly or paid every 4 weeks and your payroll date is a Thursday. And if ticked, this gives you bonus tax credits – but if dealt with incorrectly this could hit you with an underpayment.
The Tax impact of Week 53 adjustments can approx. 200e for weekly and
Written by Administrator on January 6, 2016
2016 Changes to your Pay
Have you Received a Payslip for 2016 and noticed it has changed from 2015? Congratulations if it is for the better! Your Pay can change for a number of different reasons from one year to the next. Here are the Main reasons.
If you were in employment for the majority of last year and continuing into this year, then the main reason your taxes will change is from Budget 2016 changes announced last October.
Basically, the Budget is
Written by Administrator on January 4, 2016
2015 P60 Updated to Prevent incorrect Tax Charge.
When you receive your 2015 P60 this January, a small change has been made to the P60 as a result of action by Red Oak Tax Refunds.
Find out more about this story which we broke last year here on independent.ie
This was to correct an error that existed in previous years P60’s which put the approximate 60.000 plus people in receipt of Illness Benefit at risk of being double taxed.
So what is this Change?
Written by Administrator on October 14, 2015
Now that we’ve all had time to digest the announcement of Budget 2017, you may still be wondering exactly how it will affect you come January 1.
Here’s our Budget 2017 highlights
Tax rates and Bands
No changes to income tax rates or bands
Universal Social Charge
The 1.0% rate will be reduced to 0.5% for the first €12,012 of income
3.0% rate will drop to 2.5% on increased threshold of €12,013 – €18,772
The 5.5% rate will be reduced to 5.0% for income in excess of €18,772 up to €70,044
Written by Administrator on June 11, 2015
You always hear about people getting tax refunds and yes, tax refund companies – like ourselves – always share stories of their top refunds with amounts like €10,000, €6,000 even €20,000 in some lucky instances. But the question remains, where do these refunds come from? And how do you know what kind of refund you could be due?
The short answer is, it’s hard to tell. There are so many factors that can impact on your tax bill, there’s no basic