Contact Us
As we move towards the long-awaited ending of COVID-19 restrictions, the Ministers provided a relatively upbeat picture of growth for the economy.
 
Tax cuts were a little higher than signalled meaning all workers & the self-employed will have more money in their pockets next year. Businesses will be very glad to see the extension of the Employment Wage Subsidy Scheme (EWSS) albeit with amended conditions and reduced rates.
 
Here, we take a look at how Budget 2022 affects small businesses and the self-employed:
 
  • Personal Tax Credit increased by €50 to €1,700
  • Employee Tax Credit/Earned Income Tax Credit also increased by €50 to €1,700
  • Amount you can earn before suffering income tax at 40% increased by €1,500 to €36,800
  • Employment Wage Subsidy Scheme to be extended beyond December 2021 to 30 April 2022 albeit at reduced rates
  • VAT rate on hospitality and tourism sector to remain at 9% until 31 August 2022
  • Commercial rates holiday to be extended to end of 2021 with amended conditions meaning not all businesses will qualify
  • Amendment of Debt Warehousing Scheme which will benefit company directors
  • Working from Home – improved tax relief for utilities and broadband costs incurred by employees working from home
  • Corporate tax rate to increase to 15% for companies with annual turnover in excess of €750m from 01 January 2023 at the earliest. 12.5% rate to remain for all other companies.
 
For the full TaxAssist Accountants Budget Summary, please click here
 
For a 2022 Tax Rate Card, please click here.

 

 

Join us in three easy steps

1 Sample image

Get in touch

Arrange a free consultation in person or via video with your local accountant. It’s an informal chat to get to know you and find out more about the help you are looking for.

2 Sample image

Chat to an expert

We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.

3 Sample image

Get a fixed quote

Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

045 249 000

Or contact us