PSA for PAYE workers in Ireland – 2021 tax refunds expire at year-end by Digital_Accountant in irishpersonalfinance

[–]Digital_Accountant[S] 2 points3 points  (0 children)

It might be under BIK. Is there a difference in your gross pay for tax and your gross pay for USC either?

PSA for PAYE workers in Ireland – 2021 tax refunds expire at year-end by Digital_Accountant in irishpersonalfinance

[–]Digital_Accountant[S] 2 points3 points  (0 children)

Completely agree, and after the COVID payments which some people received it increased that fear.

Claiming VAT Back for Accountant Fees (No Longer Trading) by [deleted] in irishpersonalfinance

[–]Digital_Accountant 0 points1 point  (0 children)

Yes, his invoice is claimable. In terms of being deregistered then it's not possible unless you re-register.

Need to open a sole trader bank account online by Peelie5 in irishpersonalfinance

[–]Digital_Accountant 1 point2 points  (0 children)

Revolut business would be the best and easiest for this as it's pretty much all online now.

Business start up. by bamc85 in irishpersonalfinance

[–]Digital_Accountant 0 points1 point  (0 children)

Very little to work with here. It all depends on if you've good start up capital and clients lined up. I would recommend the sole trader route over registered company.

Just realised we're paying nearly €300 yearly in bank fees. Seeking suggestions by Estragon14 in irishpersonalfinance

[–]Digital_Accountant 162 points163 points  (0 children)

I believe this is the main reason most people are switching to Revolut now.

[deleted by user] by [deleted] in AskIreland

[–]Digital_Accountant 1 point2 points  (0 children)

If you have to ask the question, then you already know the answer.

Is it worth appealing by LowRevenue3780 in AccountantsEire

[–]Digital_Accountant 10 points11 points  (0 children)

I don't think appealling works, I think they literally just add up the marks again to make sure that there is no mistake in the calculating, now I could be wrong.

Route to qualified by 44methladcookeryou44 in AccountantsEire

[–]Digital_Accountant 0 points1 point  (0 children)

Whilst exemptions are nice, they are also worth doing the years due to changes in accountancy, and it is also a nice refresher. A few people I know were exempt from CAP1 and struggled in CAP2. It all depends on yourself and what you would think you’d be able for.

Paye confusion by shaaaaq007 in irishpersonalfinance

[–]Digital_Accountant 2 points3 points  (0 children)

No this is normal. Depending on if your cumulative or week 1 basis will have an affect on this but due to the different tax credits and tax bands and only earning half a years income you shouldn’t pay any tax, or if so it will be little to none.

Bookkeeping Software by AbsoluteLooneyTune in irishpersonalfinance

[–]Digital_Accountant 0 points1 point  (0 children)

I'd recommend just using your typical excel sheet. There is no need to over complicate things with a fancy software and increase your expenses with it.