Our aim is to help businesses grow, to increase their profitability, improve their cash flow and reduce their tax liabilities so that they have more disposable income. Please feel free to call us on 021 4310266 or email us at firstname.lastname@example.org if you wish to do business with us
EMPLOYEES TAX FREE €500 BONUS!
By Aoife Ní Dhubhghaill
Employers can reward employees under the Small Benefits Exemption Scheme with a non-cash bonus of up to €500 completely tax free this year 2015.
There is no particular rate required under legislation with regard to interest a company pays to its directors for the loans they advance to it. This means that it is up to the directors themselves to decide on the rate.
However there are tax implications to consider if interest is paid to directors by the company.