Administrator, Author at Red Oak

What to do if you receive a Form 12

Wednesday, 04 June 2014 by Administrator

Revenue have announced that they will be writing to 40,000 PAYE taxpayers requesting them to complete a Form 12 to declare any additional income outside of their regular PAYE income. Whilst this is nothing new, it may be the first time many of you have even heard of a Form 12, let alone filled one

Published in Income Tax

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Potential USC Underpayment for Teachers with Medical Cards

Monday, 26 May 2014 by Administrator

Most people assume that their employer will sort out all their Income Tax, PRSI and Universal Social Charge (USC) for them as part of their payroll. But, errors can occur – and it’s these errors that we have noticed recently particularly affecting teachers. Over the past couple of weeks, we’ve had a couple of cases

Published in Universal Social Charge

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Free Dental Check-Up with PRSI

Friday, 16 May 2014 by Administrator

Whoever said PRSI was just another stealth tax can eat their words! Er, well maybe not – but there is a hidden entitlement that most of us are unaware of and so, are missing out on a freebie from the government. And who doesn’t love a freebie?! Before you get all excited though, it’s probably

Published in PRSI

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The Price of Single-dom

Tuesday, 13 May 2014 by Administrator

I was reading an excellent article by Lorraine Courtney in the Irish Independent yesterday which talked about being penalised financially for being single. As a single person, this got me thinking about how we singles are being treated for tax purposes and what is actually available to us to minimise the blow from Revenue. So,

Published in Employment Expenses, Income Tax, Medical Expenses, Medical Insurance, Rent Relief, Single Parents

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5 Things to Know Before Applying for the Home Renovation Incentive

Thursday, 08 May 2014 by Administrator

With the introduction of the new Home Renovation Incentive (HRI) Online System last month, some of the burden on the homeowner has been lifted. Last month, we reviewed the Home Renovation Incentive (HRI) and took a rather harsh view of the responsibilities imposed on the homeowner in order to claim the tax credit. Since then,

Published in Home Renovation Incentive

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Home Renovation Incentive – Revenue’s Response

Monday, 28 April 2014 by Administrator

Last month, we published an article on the Home Renovation Incentive Scheme which commented on some of the challenges the new scheme posed for tax payers. Since then, Revenue has released new positive developments in the scheme which aim to make the process simpler for homeowners. They got in touch with us last week to explain the

Published in Home Renovation Incentive

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Author: Administrator