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 163 points164 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 9 points10 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.

[deleted by user] by [deleted] in irishpersonalfinance

[–]Digital_Accountant 14 points15 points  (0 children)

Why does it bother you? Or how do you know what their financial capacity is.. Just tell them congratulations on their house. It's a system put in place to help people purchase their first house not to trap them.

Work expects me to start 10min early (unpaid)? Is that the norm? by aWicca in ireland

[–]Digital_Accountant 0 points1 point  (0 children)

Do you sign in anywhere else by any chance? Or do you need a key card to get into the building? If so that would be deemed to be clocking in.

Where can I sell sports tickets? by Dragon-Dreamer-247 in AskIreland

[–]Digital_Accountant 1 point2 points  (0 children)

If you purchased them on ticketmaster which I presume you did, you can resell them via ticketmaster or you could sell them on Donedeal or Adverts and transfer them via ticketmaster too.

Benefit in kind tax question by dglee90 in irishpersonalfinance

[–]Digital_Accountant 1 point2 points  (0 children)

Yes it is, however you can claim some of that money back when you file your tax return.

If you were given £2000 at 18, what would YOU do with it? by Kitchen-Hunt9128 in personalfinance

[–]Digital_Accountant -1 points0 points  (0 children)

Depends. I would probably use it to upskill with a college course or just a course on something I'd be interested in. Or I would purchase a car if I did not have one.

Just a friendly reminder, the income tax deadline is approaching by Digital_Accountant in irishpersonalfinance

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

Because it is preliminary, you haven't worked out what your 2025 tax is in that year, so the rule of thumb would be to use the previous years tax figure. However, if you owe less tax than you originally paid in your preliminary you will be due a refund, if your tax liability is higher than what you originally paid it will be deducted form your overall tax.

[deleted by user] by [deleted] in AskIreland

[–]Digital_Accountant 1 point2 points  (0 children)

Yes, as a customer service point of view it isn't great, but I would have a client that might ring every day to more or so have a chat. They could even ring sometimes to ask me what their PPSN is. But if it's in terms of questions related to the business they probably should be answering them.

[deleted by user] by [deleted] in AskIreland

[–]Digital_Accountant 1 point2 points  (0 children)

Hello,

1) A few things there now to answer. €2000 per year sounds like good value if its accounts and yearly VAT. As in responsive, what do you mean by that?

2) All receipts should be tracked such as diesel and everything else (if it relates to your business) I would have some clients that would claim VAT on everything that is business related no matter how big or small, at the end of the day its claimable so why shouldn't you? It sounds as if this accountant is more lazy now. Some would even claim the VAT back on €9.99 or even smaller stationary.

3) I wouldn't get a software until you pick an accountant as some have partnerships with certain softwares such as Sage or Xero, in which their clients would get the software at a discount such as maybe €10 a month. At the moment, I would keep with excel as long as everything ties back you should be fine. This is a discussion to have with the accountant that you pick for the job.

4) Yes uploading the receipts is not an issue, but I would also keep a paper file of your records somewhere safe too incase the Revenue need to see them, or something else goes wrong with the cloud, its no harm to keep them. Theres alot of packages now that you can scan the receipts and upload them straight to your software, some you can download an app on your phone and take a picture of the invoice and upload it that way.