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Corporate Tax Payment & Filing – Ireland

Clare McNamara

Corporation Tax Returns

The Irish corporation tax system operates on a self-assessment basis. Therefore, it is solely the responsibility of the company to calculate and pay its corporation tax liability within deadline.

Any company liable to corporation tax must submit a CT1 Form which is a Tax Return containing details of profits, chargeable gains and other relevant information as outlined in Section 884 TCA 1997.

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40% Off Classes For CPE Credits From ACPEN

Kat Jennings

The new year is upon us, and it may be time to get some CPE Credits. If you are thinking about enrolling in a course, take a look at those offered through a partnership between TaxConnections and ACPEN. The courses offered by ACPEN cover a range of topics and ideas, and vary in time and price. If you only need a few CPE credits, you could easily manage to obtain those through a webinar that is provided.

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IRS National Taxpayer Advocate Report Released

Annette Nellen

The IRS National Taxpayer Advocate—Nina Olson—is required to issue an annual report to Congress. The 2016 report was released 1/10/17. These reports are always a great read. The report lists the mots “serious issues” in the tax system and makes recommendations for improvement. The 2016 report focuses a lot on the IRS “Future State” project and tax reform.

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Use Video For Your Business – Webinar – Jan. 19

Video

Understanding and using video is a powerful tool to have for your business. Looking at past trends, 2016 seems to be a huge year for using video. it has been reported that 61% of businesses in the United States have started using video as a form of marketing. About 66% of these business did not use video in 2015.

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Minimizing The Estate And Gift Tax Consequences

Ron Oddo

The key to transferring large amounts of wealth was discussed 2000 years ago by the patron saint of estate planning attorneys, Archimedes.

Regarding leverage he observed, “Give me a place to stand and I will move the earth.” Using leverage to move the earth—or to move your wealth—is the key to achieving noteworthy results. Each U.S. resident can give away, during lifetime, $5 million as well as the current annual gift exclusion.

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Tax Jobs Sponsored By TaxConnections

Tax jobs

Looking for a tax job? Trying to kick-start your career in a new city? At TaxConnections, we try to connect you with the best tax opportunities available. The tax job opportunities listed on our website are some of the projects that are available across the United States.

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Annual Report Released By The National Taxpayer Advocate

Kat Jennings

National Taxpayer Advocate Nina E. Olson released her 2016 Annual Report to Congress, recommending that the IRS revamp its “Future State” plan to adopt a taxpayer-centric focus and urging Congress to simplify the tax code. The report presents a series of proposals to improve tax administration, placing particular emphasis on changing the culture of the IRS. Olson explains that “to create an environment that encourages taxpayer trust and confidence, the IRS must change its culture from one that is enforcement-oriented to one that is service-oriented.”

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Corporation Tax Residence And Registration – Ireland

Claire McNamara

Registration

If you intend to set up a new company in Ireland in 2017, please be aware that you must register with the Irish Revenue Authorities within thirty days of incorporation. This can be done by completing the relevant sections of a TR2 Form:

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“You Haven’t Paid Taxes In How Long?!”

Barry Fowler

It’s a brand new year and you’ve decided to take a deep breath and finally address your unfiled and unpaid taxes.

Yes, it’s scary, but you know it’s not getting any better and your tax bill is getting bigger every day you ignore it.

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IRS Mileage Rate 2016 for Business, Charity, Medical

MileIQ

The IRS Mileage Rate 2016 is important for anybody looking for a driving-related deduction. Use this rate to determine how much your write-off can be for business-related drives, as well as charity driving and moving/medical trips.

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Using Video For Your Business – Webinar Jan. 19th

Understanding and using video is a powerful tool to have for your business. Looking at past trends, 2016 seems to be a huge year for using video. it has been reported that 61% of businesses in the United States have started using video as a form of marketing. About 66% of these business did not use video in 2015.

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DoJ Reaches Final Resolutions Under Swiss Bank Program

William Byrnes

The Department of Justice announced today that it has reached final resolutions with banks that have met the requirements of the Swiss Bank Program. The Program provided a path for Swiss banks to resolve potential criminal liabilities in the United States, and to cooperate in the Department’s ongoing investigations of the use of foreign bank accounts to commit tax evasion. The Program also provided a path for those Swiss banks that were not engaged in wrongful acts but nonetheless wanted a resolution of their status. Banks already under criminal investigation related to their Swiss-banking activities and all individuals were expressly excluded from the Program.

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