Contracting info
Are you a seasoned contractor considering the next phase of your career? This Small Business Saturday, why not make 2025 the year you establish your own Personal Limited Company? In this blog, we’ll explore the benefits of setting up a Personal Limited Company and guide you through the process.
Income Tax Return
Missing the income tax return deadline can be stressful, but it’s important not to panic—or ignore it! While filing late can lead to financial penalties, there are ways to minimise the impact and ensure it doesn’t happen again. Here’s what you need to know to get back on track and prepare for a smoother tax year ahead.
Icon News
At Icon Accounting, we are dedicated to evolving with the changing needs of contractors. Our recently updated app reflects this commitment, offering powerful tools and features to make managing your contracting career easier than ever.
Contracting info, Budget
The Finance Bill was released yesterday, October 10th. This bill is designed to implement the Budget changes announced on October 1st. However, it also includes some specific amendments to the tax code. Notably, there are significant updates to the Pension Legislation concerning PRSAs (Personal Retirement Savings Accounts). Read to find out more!
Budget
As part of Budget 2024, it was announced that PRSI (Pay-Related Social Insurance) contribution rates will increase from 1st October 2024. This adjustment will impact employers, employees, and self-employed individuals, including those in the contracting industry. Here’s a breakdown of what to expect and how these changes could affect your finances as a contractor.
Expenses
With evolving market demands and rapid technological advancements, contractors must stay competitive and relevant. Upskilling is one of the best ways to achieve that, and here's the good news: required courses pr training for contracts can be claimed as business expenses too!
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