REVENUE ON MISSION TO COLLECT EVERY CENT DURING RECESSION – DONEGAL TAX EXPERTS

first_imgAdvertorialRevenue in Donegal are targeting PAYE workers with additional income they may not have declared, including taxable social welfare, a leading tax consultant has warned.Noel O’ Donnell, Mabel McHugh & Michael Coll of The Tax Clinic.Due to the economic recession and the lower tax take from the business sector, the Revenue are on a mission to collect every cent they are owed, says Mabel McHugh from The Tax Clinic in Killybegs. Mabel says that there has been a huge increase in the number of PAYE workers who are being questioned by the Revenue about their different sources of income including those who have received taxable social welfare such as Jobseekers Benefit on which tax may be owed.She says if you are in receipt of any other income apart from your income earned as an employee you may have an obligation to declare this on what is called a Form 12.From her experience people are of the understanding that if they receive a P60 at the end of a year they are tax compliant. This is not the case in many circumstances as a P60 is only a document summarising your pay and tax details from a particular employment.It is important to note that it is each person’s own responsibility to review their tax affairs and ensure all taxes that are owed have been paid. Mrs McHugh says that you may have been sent out a Form 12 for the following reasons:• The Revenue may have obtained third party information regarding additional non- paye income such as payments from the Department of Agriculture, Rental Income, Dividend Income, Taxable Social Welfare etc.• You are in receipt of foreign income such as a U.K. State Pension.• You have had a gain subject to Capital Gains Tax during the year, for example property or shares sold.When should I complete and return my Form 12? Typically, you will need to complete your Form 12 by October 31st in the year following the tax year of assessment. i.e. For 2013 taxes, the Form 12 must be submitted by 31st October 2014.Her advice is if you have received a Form 12 do not ignore it. You must complete the form honestly ensuring that you declare your income from all sources. In all circumstances it may be beneficial to seek professional advice.WWW.THETAXCLINIC.IE was founded in February 2010 by Mabel McHugh & Michael Coll.The Tax Clinic is the only business in the Northwest that specialises in offering services to P.A.Y.E workers. Mabel says that “while working for over 20 years in the financial services sector she noted that there was no professional representation for P.A.Y.E workers”. With this in mind Mabel together with Michael, who are both members of The Irish Taxation Institute set up www.thetaxclinic.ie and have gained a huge reputation in this complex area of taxation. Mabel works in The Tax Clinic in Main Street Killybegs, while Michael works in their premises on the High Road Letterkenny along with The Tax Clinics third partner Noel O’ Donnell who has also located Noel O’ Donnell & Co Chartered Accountants in the same building.To find out more log onto www.thetaxclinic.ie or call into either the Main Street Killybegs or the High Road Letterkenny.Killybegs Office – 074 97 32055 (Mabel)Letterkenny Office – 074 91 60550 (Michael)REVENUE ON MISSION TO COLLECT EVERY CENT DURING RECESSION – DONEGAL TAX EXPERTS was last modified: October 19th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegalKillybegsletterkennyRevenueThe Tax Cliniclast_img read more

Northwest U.S. drivers won’t hand the wheel to self-driving cars

first_imgDonal Power A large number of drivers in the Pacific Northwest aren’t buying the hype that driverless cars offer a better future.GovTech.com discussed the findings of a survey by Pemco Insurance of drivers in Oregon and Washington states.58% of those surveyed believed that the will see autonomous vehicles on roads in the state with thin the next 10 years.However, more than 40% said they were not interested in buying a robot car, even when price considerations are removed.Self-driving naysayers represented the bulk of responses, while 23% saying they might consider an autonomous vehicle, and 34% responding that they were very interested in purchasing one.Perhaps not surprisingly the survey found that younger people were more excited about self-driving cars than their older counterparts. It found that almost half of drivers younger than 35 years old expressed a strong interest in buying an autonomous vehicle in the future.The Pemco survey polled 600 people in each Oregon and Washington states.Contrary to this localized antipathy to self-driving cars in the Pacific Northwest, another recent poll found that America as a whole was becoming more amendable to these vehicles.But most Americans are ready for self-driving carsA survey by Consumer Technology Association found that 70% of Americans are ready for an autonomous future.This marks one of the first large surveys to show an overall positive reception for self-driving cars.Previous results have shown mixed or negative views on full automation, and a worry that self-driving cars will not be able to make the correct decisions at key times.The CTA survey found that 82% were happy about potential reductions to driving under the influence of drugs or alcohol. The survey showed a positive reaction to potentially lower insurance rates, which is one of the expected advantages of self-driving.These survey comes as increasing numbers of players around the world are developing self-driving car technology.Currently in the U.S. robot cars are being tested in Kirkland, Wash. by Google and in Pittsburgh by Uber.At this stage in the development of the technology, human drivers are still present in the front seat, as a precaution in case they need to take control if necessary. Break the Mold with Real-World Logistics AI and… IT Trends of the Future That Are Worth Paying A… Related Posts center_img For Self-Driving Systems, Infrastructure and In… Tags:#driverless cars#featured#Google#IoT#self-driving vehicles#top#Uber 5 Ways IoT can Help to Reduce Automatic Vehicle…last_img read more

Activists arrest: Pune court orders police to comply with Supreme Court direction

first_imgThe sessions court at Shivaji Nagar here on Wednesday directed the Pune police to place under “house arrest” three of the alleged “urban Maoists” arrested on Tuesday, following a Supreme Court order.Arun Ferreira, Vernon Gonsalves and Varavara Rao were produced in the Pune court, where police sought 15-day custody for further interrogation. They were arrested from their homes in Mumbai, Thane and Hyderabad, respectively. The police said they would be taken to their homes on Thursday. Accusing the three of waging war against the Government of India and training youth and students in Naxal activity, special public prosecutor Ujjwala Pawar demanded their police custody. The state alleged that the accused were working under the guise of an anti-fascist front called the All India United Front to overthrow the government.Ms. Pawar said the arrests were made based on an investigation of an FIR filed on January 8 by Tushar Damgude against the organisers of the Elgar Parishad in Pune on December 31, 2017. The state submitted a total of seven letters to the court, allegedly exchanged between members of the banned CPI(Maoist), where the names of the three accused were mentioned. None of the letters was correspondence between any of the accused. According to Ms. Pawar these letters were retrieved from seized material after the arrests of Surendra Gadling, Shoma Sen, Rona Wilson, Mahesh Raut and Sudhir Dhawale in June. She said Varavara Rao was assigned the task of amassing weapons from Nepal and Manipur. Mr. Ferreira and Mr. Gonsalves were given the task of identifying young students, recruiting them, sending them to Naxal areas, training and using them against the Indian government.One of the letters read out by Ms. Pawar said CPI (Maoist) commander Comrade Ganapathy wanted to meet Mr. Rao. The prosecution said the CPI (Maoist) had developed links with separatist groups in Jammu and Kashmir.last_img read more