Here are some simple but very effective Tax updates as Tax season approaches;
The most common credits and expenses that are unclaimed each year are:
Unclaimed tax credits / expenses can be significant when you are filing your returns.
A taxpayer can only go back 4 years to claim a tax refund, If you are due money back from Revenue you can claim for the last 4 tax years.
As we are now in 2021, you can make tax refund claims for; 2017, 2018, 2019 & 2020
Who needs to make a tax return? .....Those of us who are,
Each of these groups must file an Income Tax return every year as you are in the self-assessment system.
While PAYE workers who do not have to file tax returns, they can submit one if they think they may be due a tax refund again take a look at some of the common credits and expenses that go unclaimed.
We look at how Revenue choose who to audit and why.
Ever wondered what Revenue know about you? We look at some instances where Big Brother may be watching:
We look at what Rental Expenses you can and can’t deduct.
How should you be assessed if you are married and what reliefs are you entitled to.