Contractors: Four Easy Ways To Save Money And Reduce Your Taxes
Here we give four easy ways to save money and reduce your taxes:
- Get Private Healthcare – Whether you use an limited company or an Umbrella, you can pay your healthcare bills through the company and reduce your taxes as a result. A tax saving of up to a 3rd of the cost on the premium applies. Accounting Pro will process this and even provide discounted healthcare options.
- Rent out a room – If you rent out a room to a lodger in your family home, you are entitled to “Rent a room tax relief.” That means you can earn a substantial amount of tax-free income every year.
- €500 tax free vouchers – You are entitled to a voucher to this amount whether you are using an Umbrella or an LTD. This is a great way to reduce your taxes, and Accounting pro will process this for you.
- Gym membership – If you like to work out, you can have your company pay your gym fee. Accounting Pro will help you arrange this payment via your company and you will receive a tax rebate of approximately 50%.
Accounting Pro is Ireland’s premier contractor accounting service. We are here to help, the busy contractor and company, with all your accounting and payroll needs. We are both an umbrella company and umbrella corporation and we can create your limited company. We are experts in contractor pensions, contractor health insurance, illness and sick benefit for the self employed and contractor expenses. To learn more about what we do please review https://www.accounting-pro.ie/ and contact us by email: firstname.lastname@example.org or phone us 01 6933370. For the UK see Accounting-Pro UK. “Contractors: Four Easy Ways To Save Money And Reduce Your Taxes” is an article written by Accounting-Pro Ireland for the benefit of everyone. Feel free to share it but please give attribution on a CC BY-SA license.