Archive for Category: Accounting

Outstanding Tax Liabilities for PUP Payment

As we know that the Pandemic Unemployment Payment (PUP) is a taxable income for each individual. The Revenue has confirmed that the preliminary statement 2020 will be made available to PAYE individuals from 15th January. It will reveal the outstanding tax liability for each individual on the Revenue myAccount...

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Brexit Impact on Company Directors

Brexit Impact on Company Directors Every Irish registered company is required to have at least one EEA- resident director from 1st January 2021. Alternatively, Sec 140: Real and Continuous Link Certificate The company may apply it to show that it has a real and continuous relationship in one or...

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Social welfare benefit for self-employed individuals

Social welfare benefit for self-employed individuals Jobseeker’s Benefit (Self-Employed) is a weekly payment to individuals who lose their self-employment. If you don’t qualify for Jobseeker’s Benefit (Self-Employed) you may qualify for Jobseeker’s Allowance. Rate of Jobseeker’s Benefit (Self-Employed) Average weekly earnings Personal rate Increase for an adult dependant...

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What is Unemployment Repayment?

What is Unemployment Repayment? Unemployment repayment is a payment which can be claimed by an individual who is out of work and/ or going abroad during the year, whether or not they plan to resume employment. This repayment enables the individual who has paid Income Tax and/or Universal Social...

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Payroll Guide

Payroll Guide Payroll is an essential feature in any and all companies. Payroll refers to the process of calculating and issuing payments to employees. This Includes both predominate activity of distributing payments into an employees account and all the work to back this up such as payslips, tax filing,...

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Director Umbrella compliance – An Update

Director Umbrella compliance – An Update As the previous article ‘Director Umbrella Solutions’ has mentioned, people who join Director Umbrella Structures as individual contractors are highly popular in the local Irish market. This structure gives self-employed people a quick and easy way to start their contracting experience as well...

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