The Government has announced Budget 2024, with a number of changes under the taxation heading RTE.ie is reporting that: The Universal Social Charge has been cut from 4.5% to 4%, the first reduction in USC rates in five years. The point…

When calculating the profit for your business, you may be able to claim a deduction for expenses incurred. Expenses are claimed through the Revenue Online Service (ROS) on a Form 11 or Form CT1.

To facilitate clients wanting to settle their accounts by electronic means, we have added an e-commerce feature to www.mcgowanaccountancy.com

Employees could be put of pocket for weeks at a time under  on expense payments, it has been claimed. The Consultative Committee of Accountancy Bodies Ireland (CCAB-I) a group representing the main accountancy bodies in Ireland has written to Finance…

We have added a new feature to our website called “Request A Call Back” where you can contact us outside normal office hours.

A quick note to let you know that our new website is now live at www.mcgowanaccountancy.com. We hope you like it!  

In response to a number of enquiries from clients here is a quick explanation of Preliminary Tax. Preliminary Tax is an estimate of the Income Tax, Universal Social Charge (USC), and Pay Related Social Insurance (PRSI) that you anticipate owing for…