O'Donovan Keyes & Barrett

Accountant Cork ODKB, we will improve your business. Our clients will tell you that.

  • Home
  • How we work
  • Services
    • Audit
    • Annual Accounts
    • Solicitors
    • Taxation
    • Payroll Outsourcing
  • Accounting Login
  • Submit A Form
    • Personal Tax Form
    • Business Kickstart
    • Cashflow
    • Pay Online
  • Help Videos
  • Blog
  • Contact
  • Live Chat

Useful year end tips:

21/12/2017 By O'Donovan Keyes & Barrett

  • Use the tax-free voucher scheme of up to €500 per employee or director.
  •  Review your 2015 tax and claim any unclaimed allowances before 31 December. After that you can no longer claim anything for 2015.
  •  Count your cash & stock if your year end is 31 December.
  •  €3,000 annual gift exemption from Capital Acquisitions Tax – Use it or lose it.
  •  Make any company pension contributions before the company year end date if you want the payments included against taxable profits.

Post year end tip – Check your PRSI record

Most of us apply for a State Pension when we reach pension age without ever having checked our PRSI record. You can request a copy of your Social Insurance contributions record by completing a simple application form online at the following link: https://www.welfare.ie/en/Pages/secure/RequestSIContributionRecord.aspx

By providing us with a copy of this record we can check if you meet or are likely to meet the criteria for a contributory State Pension. We can also check:

  •  The rate of payment you are likely to receive (based on current rates).
  •  If it would be more beneficial for your spouse to get an increase for a qualified adult instead of you taking a pension in your own right.
  •  If you need to make voluntary contributions (must apply within 12 months of ceasing compulsory PRSI).

Filed Under: Latest News, Uncategorized

Latest Articles

ODKB proud to sponsor ARC Rovers

ARC Rovers recently secured the Jackie O'Driscoll Premier Division Cup after winning a thrilling cup … [Read More...]

Ireland’s gender pay gap reporting is changing

Another useful article from our Software Partner Sage on “How Ireland's gender pay gap reporting is … [Read More...]

Irish Accountancy Awards Finalist

We are absolutely thrilled to be nominated as a Finalist in two categories at tonight's Irish … [Read More...]

How to budget for pension auto enrolment

A useful article from our Software Partner Sage on "How to budget for pension auto enrolment" can be … [Read More...]

Navigating Investment Choices Amid Global Market Disruption

Imagine you're sailing a boat across a vast ocean. The weather is unpredictable, with sudden storms … [Read More...]

How to survive a Revenue Audit – top tips for your business

Another useful article from our Software Partner Sage on “How to survive a Revenue Audit – top tips … [Read More...]

More articles

CONTACT US

PHONE + 353 21 4628188
E-MAIL info@odkb.ie

ADDRESS
O’DONOVAN KEYES & BARRETT
Chartered Accountants & Statutory Auditors
Evergreen House Congress Road Cork T12 X792
Ireland

Copyright © 2025 · O'DONOVAN KEYES & BARRETT