Our aim is to help businesses grow, to increase their profitability, improve their cash flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on 021 4310266 or email us at email@example.com if you wish to do business with us
Merry Christmas and a happy New Year from all of us at Parfrey Murphy. This year we are making a donation to the Simon Community in lieu of sending Christmas cards.
So have a wonderful time with family and friends and we will see you all in 2018.
EMPLOYEES ANNUAL TAX FREE €500 BONUS
By Noel Murphy
mployers can reward employees under the Small Benefits Exemption Scheme with a non-cash bonus of up to €500 completely tax free this year 2017.
If guidelines are followed neither the company nor the employee will pay PAYE, PRSI or USC with a potential saving of over €650.
To qualify for the tax exemption, only one tax-free bonus may be paid to each employee in any one year. If more than one bonus is given in a year, it is only the first one that will qualify for tax-free status, even if this bonus is less than the €500 annual allowance - any used allowance cannot be carried over.
Let's take a look back and start planning for business in 2018...
As we approach the Christmas break, for most businesses the rush is on to collect money from customers, pay money to suppliers and get all records up to date.
We are approaching the end of another year and now is the time to look back at the business for the year that has been. It's a time to review performance as a whole, both the good and the bad, to ensure we capitalise on the positives and strive to eliminate the negatives next year.