Please take a couple of minutes of your time to read this. It may be of some help to you.
Are you paying the correct wage? Failure to pay the correct wage could cause you to lose any unfair dismissal disputes in the future and may also lead to fines.
Since 1st January 2016, the national minimum wage wage for an experienced adult employee is €9.15 per hour. An experienced adult employee is an employee who has an employment of any kind in any 2 years over the age of 18. There are sub-minimum rates for some people such as:
An employee aged under 18 is €6.41 per hour (70% of minimum wage)
An employee who is in the first year of employment since the age of 18 €7.32 per hour (80% of minimum wage)
An employee who is in the second year of employment since the age of 18 €8.24 (90% of minimum wage)
Click on the link below to learn more on this topic:
Tax Relief on Tuition Fees
The deadline has just passed for applications for SUSI grants. If you are not successful with your grant application remember that you can claim tax relief on tuition fees paid for third level education.
Relief is allowed per course, per student, academic year at a rate of 20%
The first €3,000 is disregarded with the maximum limited to €7,000.
More information can be found on the link below:
Have a spare room in your house you where thinking of renting out? Did you know that you can rent out a room in your house for €12,000 per year tax free.
The total income from the room must remain below €12,000 to be entitled to the relief.
If you would like any further information on the above then please give us a call.
Please feel free to forward this to any of your colleagues.
McMahon Keyes & Co.