Seventy per cent paid too much tax

Would you believe it? Premier Accounting and Book Keeping Service’s had a massive response to their article a few weeks ago entitled Are you Paying too much tax?

Of the people who called into them, approximately 70 per cent had paid too much tax in the last three years. Refunds ranged from €300 to €4,500, a nice cheque to receive in the run-up to the Christmas season.

Married couples in particular usually end up paying too much tax each year, mainly due to the fact that these days both spouses are working and therefore keep their tax credits for themselves. However, if you were to fill in a tax return annually, especially in cases where one spouse is earning substantially more than the other, you would probably find yourself in a refund situation.

Tax relief can be claimed on your bin charges, tuition fees for third-level colleges, rent, medical expenses, including gluten-free products purchased in a supermarket for coeliacs, hearing aids, IVF, hiring a private nurse in the case of a serious illness, physiotherapy, chiropody, speech and language therapy, etc.

If you are a PAYE employee and think you are paying too much tax then give Premier Accounting and Book Keeping Services a call at the IPI Centre, Breaffy Road, Castlebar on 094 902 7300 and ask for Claire McManamon. They are currently offering a special deal to PAYE workers for the month of November – no refund, no fee. You never know, you could also be due a refund cheque from the Revenue.

They are also offering a range of services for sole traders and companies, income tax returns, VAT returns, RCT returns, book-keeping services.

Sole traders and companies receive a ten per cent discount for November and December. Call today on 094 902 7300.

 

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