The Government has introduced a series of phased PRSI increases under the Social Welfare (Miscellaneous Provisions) Act 2024, affecting employees, employers and self-employed individuals from 2025 onwards. These changes are designed to support the long-term sustainability of the State Pension and will impact payroll, employer cost planning and self-assessment calculations over the coming years.

As we move towards the end of 2025, it is sensible to take stock of any disposals you have made during the year and consider your Capital Gains Tax position. CGT arises when a profit is made on the disposal of certain assets, including shares, cryptocurrencies, investment properties, land, and other chargeable assets.

Recognizing and rewarding employees is key to fostering a positive and productive workplace. While cash bonuses are a common way to show appreciation, they often lose impact due to tax deductions. The Small Benefit Exemption Scheme provides a smarter alternative—allowing businesses to reward staff with tax-free benefits.

The 2025 tax year introduces a variety of changes that employers need to be aware of to stay compliant and manage their payroll processes effectively. While some updates provide tax relief, others bring new responsibilities.

As a self-employed individual in Ireland, understanding preliminary tax is crucial. This tax is an estimate of the amount you'll owe for the current trading year, covering income tax, Pay Related Social Insurance (PRSI), and Universal Social Charge (USC).

Taxes are a fact of life, but that doesn't mean you have to pay more than necessary. In Ireland, the government offers various tax credits designed to ease the burden on taxpayers. This guide explores some of the most commonly claimed tax credits, helping you understand what they are, who qualifies, and how to claim them.

For self-employed individuals in Ireland, the deadline for filing your self-assessment tax return is October 31st, 2024. However, if you've signed up for Revenue Online Service (ROS), you'll have until November 14th, 2024 to file and pay.