Many a time I have been asked to explain the difference between RCT and an Employee, writes Nuala McGowan,

RTE.ie has reported that the Government has agreed the payment dates for energy credits and extra welfare payments which were included in the cost of living package in last week’s Budget.

The Gov.ie website has published a high level overview of Budget 2024, which aims to explain how money will be raised and spent in 2024.

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…