AM Quinn Accountants

27/06/2025

The income disregard for the Carer's Allowance rose from €450 to €625 for single carers, and from €900 to €1,250 for carers with a spouse or partner yesterday (June 26).

The reform is set to extend eligibility for the Carer’s Allowance to more people, while many existing recipients will see an increase in their payments.

As announced in Budget 2025, these changes mean a carer in a two-adult household earning up to €69,000 will now receive the full Carer’s Allowance, while those with incomes up to €97,000 may still qualify

06/06/2025

Dramatic spike in ‘safe account’ scam targeting Bank of Ireland customers
Fraud attempts at moving money into alternative accounts have surged this week

Reports of text scam to Bank of Ireland have been on the increase since the start of the year.

27/10/2024

💥Donegal Co Co will be holding a meeting in the Termon Complex Thursday 7th November 3pm -6pm All Welcome 💥

Donegal County Council is holding Drop-In information events to provide information on the supports available to refurbish Vacant and Derelict properties. Please come along and find out further information on the following supports – no appointments are needed:

Vacant Property Refurbishment Grant Scheme - up to €84,000 available to refurbish vacant and derelict properties

Repair and Lease Scheme. Grant of €80,000 per unit available to bring vacant properties back into use to lease to Donegal County Council for social housing in areas where there is a need.

Local Authority Purchase and Renovation Loan Scheme - Potential Loan for those first-time buyers who have been declined a loan from 2 traditional lenders and meet all the other qualifying criteria.

Find Me A Home In Donegal Scheme - Scheme to put owners of vacant properties in contact with those seeking to purchase vacant properties.

01/10/2024

MAIN POINTS FROM BUDGET 2025
Main tax credits will increase by €125 on personal, employee and earned income
Higher rate of tax rises €2,000 to €44,000
Universal Social Charge (USC) will see the 4% rate reduced to 3%
National minimum wage to rise by 80c to €13.50 an hour from January 1st 2025
Entry rate to 3% rate of USC will rise to €27,000
The changes mean a full-time worker on the minimum wage will see their net income rise by €1,424 annually
Inheritance Tax is increasing from €335,000 to €400,000 from a parent - €32,500 to €40,000 for Group B and €16,250 to €20,000 for Group C
Increase in the CarerS Tax Credit by €150
Single person Child CarerS Credit increasing by €150, Incapacitated Child Credit increasing by €300, Dependent Relative Credit by €60
Extension to 2027 of the general stock relief, stock relief for young trained farmers, stock relief for registered farm partnerships
Flat rate scheme for farmers being raised from 4.8% to 5.1%

05/09/2024

Part time Green Cert Qualification

12/08/2024

10/07/2023

What are the new SEAI grants 2023?
For 2023, the SEAI has divided its grants into three main categories, depending on your situation and what you might need: Fully Funded Energy Upgrade: 100% funded home upgrade grants. Individual Energy Upgrade Grants: Up to 80% funded home energy upgrades. One Stop Shop Service: Up to 50% cost

09/03/2023

Grants up to €30,000 to renovate a vacant property and an additional top-up grant of up to €20,000, if the property is derelict. The grant was initially only available for vacant homes in regional towns and villages. However, on 15 November 2022, the grant was extended to cover all areas.17 Nov 2022

13/02/2023

How much tax can I save by buying a tractor?
Working in the farm accounts business, I am familiar with the kind of profits farmers are making, but I often find it hard to understand how these costly machines can be justified and indeed afforded.
You can get back up to €52,000 of the cost of a €100,000 machine if you are in the high tax bracket – and avoid leasing

02/06/2021

Minister Donohoe announces further economic supports for businesses as they re-open
The extension of the Employment Wage Subsidy Scheme to 31 December 2021;
The extension and enhancement of the Covid Restrictions Support Scheme to provide additional support to businesses upon re-opening
A new additional business support scheme (Business Resumption Support Scheme or BRSS) for businesses with reduced turnover as a result of public health restrictions to be implemented in September 2021;
The extension of the tax debt warehousing scheme to allow the period where liabilities arising can be “warehoused” to be extended to the end of 2021
The extension of the reduced rate of VAT of 9% applying on a temporary basis to Hospitality and Tourism related goods and services until 1 September 2022;

11/01/2021

People unable to work due to childcare eligible for PUP
Workers unable to go to work due to a lack of childcare triggered by Covid-19 closures may be eligible to claim the Pandemic Unemployment Payment, according to the Department of Social Protection.