This week in the Irish Farmers Journal we have everything you need to know about saving on your tax bill this year.
There have been important changes to the VAT rate and COVID-19 tax exemptions for farmers, and we have the details.
The old saying goes that there are only two certainties in life - death and taxes. And while nobody likes thinking too much about either certainty, there are some simple steps Irish farmers can take in order to claim tax breaks or deductions and reduce a farm’s tax bill for the year.
In this week’s Irish Farmers Journal, we publish a comprehensive list of 50 tax-saving tips. Compiled by farmer accountancy firm ifac, this comprehensive list will help you better understand how to reduce your annual tax bill.
From reducing your income tax to ensuring that inheritance tax and capital gains tax allowances are best used to reduce your taxable income, this is a must-read for all farmers.
The special feature includes advice on: