What we’re talking about

  • How to reduce tax on rental income?

    Accountants | T S Associates | 05/10/2008 | 0 comments

    If you rent out property you will pay income tax on the difference between the rents you have charged in a tax year, less any allowable expenses and charges. Allowable expenses include: Repairs - If you pay to maintain your property in its existing condition, you can claim for the expenditure incurred. However if you improve the specification of the property, say replace kitchen units with a more expensive design, then the Revenue may try and argue that the expenditure is an improvement. The cos...

  • Cost Savings....Where to Start?

    Accountants | Charity Business | 02/10/2008 | 0 comments

    Over the past 3 months the economic news just seems to get worse and worse and for the charity and not for profit sectors. This is really the first time in 15 to 20 years that it will be affected by the downturn.  At Charity Business we are conscious that with the downturn in the economy it will become harder for our clients to raise money whilst at the same time trying to balance the increasing costs as a result of inflation running at 5%.  Over the next few months we will be bringing a series ...

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