January 2025

Happy New Year!

Drew Shiel
January 31, 2025

Happy New Year, and welcome to HTH Accountants’ monthly newsletter! We send this out once a month with information for our clients and friends about financial news in Ireland. We hope you made it through Storm Éowyn in one piece, and that January is treating you well.

How to take control of your tax affairs in 2025 (for Employees)

In a world where tax compliance often feels daunting, Revenue’s MyAccount offers a lifeline. Whether you’re claiming tax credits, filing a return or simply checking your tax position, MyAccount can simplify the process. Here’s our guide on how you as an employee can make the most of this invaluable resource.

Irish employers facing worst skills shortage in 20 years

Irish employers have reported the greatest difficulty finding candidates with the right skills in 20 years, according to recent research, and that’s backed up by conversations we’re having with clients and other companies. IT and data skills are the hardest to find, followed by operations and logistics, engineering, sustainability, and customer-facing skills.

Enhanced Reporting from January 1st

We mentioned this in December as well, but it bears repeating: Ireland has introduced enhanced reporting requirements for employers. The new obligations are to report to the Revenue details of several non-taxable expenses and benefits provided to employees and directors on or before the payment date to the employee. If you need help getting this in order for your company, get in touch!