Tax Tom Maguire: Tax Commission’s SME advice is weighty, but right on the moneyThe Commission on Taxation’s recent report touted laudable changes to make the ‘dynamic trio’ of EIIS, R&D tax credits and Keep more effective in nurturing small and young businesses
Pandemic losses can have silver lining for sole traders too It’s not just companies that can claim tax relief upfront due to the Covid-19 crisis, the self-employed can aid cashflow in this way too
Our latest tax act comes with a silver lining on business lossesThe newly-introduced Financial Provisions Act means hard-pressed firms can now access the July stimulus tax reliefs
Tom Maguire: Much-vaunted stimulus package doesn’t go far enoughA dramatic drop in the capital gains tax rate could lead to a huge influx of revenue
We need housing tax law to work in theory and practiceSome loopholes in the existing Help-to-Buy scheme unfairly leave first-time buyers out in the cold
What will tax audits of the future look like?If the Revenue comes knocking, make sure that you and your business are ready for it
Tom Maguire: Parties have Covid-19 in mind with their blueprint for changeThe programme for government wants to review the tax environment for SMEs and entrepreneurs, so that Ireland remains an attractive place to sustain businesses and start new ones
We are all in this crisis together, and that includes the tax authoritiesThe OECD’s guidance for tax authorities in the time of Covid-19 says it is in taxpayers’ and Revenue’s interest to continue to make interactions as seamless as possible
Taxing our way out of recession: the business viewA Zoom chat with key leaders conjured up a host of suggestions from a big reduction in the hospitality sector’s Vat rate to fast-tracking the payment of R&D tax credits by Revenue
Tom Maguire: Tax changes we make now could help business for years The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures
Tax must play its part in post-Covid rebootWhile a full review of taxation is not possible in the current circumstances, a Strategic Commission on Timely Taxation could play a vital role in any national recovery plan
Tom Maguire: Speed is of the essence in the face of this crisisWe all want cash to be sloshing around the economy again as soon as possible, so help the Revenue out and get your tax arrangements sorted quickly
Tom Maguire: Tax needs a new rulebook for the post-Jurassic economyThe Revenue’s proposed measures to assist businesses with cashflow and trading difficulties as a result of Covid-19 are welcome, but more will be needed
Tax policy is likely to be a key focus of our next governmentWe need to do more with measures that help companies finance their activities
Cutting CGT could free up property and boost the economyIt makes sense that some political parties contesting the election are suggesting a review of capital gains tax
We need to change tax law so people can get their own money backEighteen cases where people were denied refunds is a disturbing trend
Receiving dividends from companies will result in more tax being paid earlierAs Minister for Finance Paschal Donohoe flagged in his budget speech, big changes to tax law are on the way
Get ready for the change in interest tax relief rules The European Union are saying we are infringing EU laws and a new restriction is likely in the next Finance Bill, which will increase the cost of financing
New cross-border transaction rates carry €500-a-day non-disclosure fineRevenue, taxpayers and their advisers are all in this one together, and resistance is futile
Entrepreneurial tax relief must be more competitiveThe high capital gains tax regime in Ireland has the potential to reduce economic growth
