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drawings

  • 20-10-2010 2:54pm
    #1
    whelan1
    Closed Accounts Posts: 11,786 ✭✭✭✭


    got my figure for drawings of my accounts:eek::eek: god almighty i dont know where he got the figure from , its not as if we wine and dine the whole time or drive round in swanky cars... asked accountant for a breakdown of figures and i got 15 pages today:o now are pension , life assurance, doctors fees, vhi, wheelie bin, charitable donations , wages to spouse!! classed as drawings:confused:


Comments

  • #2
    5live
    Closed Accounts Posts: 4,438 ✭✭✭5live


    whelan1 wrote: »
    got my figure for drawings of my accounts:eek::eek: god almighty i dont know where he got the figure from , its not as if we wine and dine the whole time or drive round in swanky cars... asked accountant for a breakdown of figures and i got 15 pages today:o now are pension , life assurance, doctors fees, vhi, wheelie bin, charitable donations , wages to spouse!! classed as drawings:confused:
    Yup:D. And 1/3 of esb and phone bill too


  • #3
    dar31
    Registered Users, Registered Users 2 Posts: 1,704 ✭✭✭dar31


    the joys of it;) surely the accountant has some sort of imagination.


  • #4
    whelan1
    Closed Accounts Posts: 11,786 ✭✭✭✭whelan1


    i think i will be having a word with him


  • #5
    milkprofit
    Registered Users, Registered Users 2 Posts: 1,168 ✭✭✭milkprofit


    You should use seperate bank for PERSONAL drawings then no suprises
    transfer xxxxx per month


  • #6
    blue5000
    Moderators, Society & Culture Moderators Posts: 12,753 Mod ✭✭✭✭blue5000


    Hey Whelan is the pension not tax deductable?
    Does the yard have a wheelie bin?
    I'm no accountant but how much are you payin accountant a yr?
    What's the story with wages to OH, I thought you could pay a family member, or maybe that's just to children.
    I think some of the med expenses are allowable too, once they go over a certain level.
    Sorry about all the questions.

    If the seat's wet, sit on yer hat, a cool head is better than a wet ar5e.



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  • #7
    whelan1
    Closed Accounts Posts: 11,786 ✭✭✭✭whelan1


    blue5000 wrote: »
    Hey Whelan is the pension not tax deductable?
    Does the yard have a wheelie bin?
    I'm no accountant but how much are you payin accountant a yr?
    What's the story with wages to OH, I thought you could pay a family member, or maybe that's just to children.
    I think some of the med expenses are allowable too, once they go over a certain level.
    Sorry about all the questions.
    thats what i was thinking too... accountant gets too much and his error resulted in a tax audit this year:eek:


  • #8
    5live
    Closed Accounts Posts: 4,438 ✭✭✭5live


    blue5000 wrote: »
    Hey Whelan is the pension not tax deductable?
    Does the yard have a wheelie bin?
    I'm no accountant but how much are you payin accountant a yr?
    What's the story with wages to OH, I thought you could pay a family member, or maybe that's just to children.
    I think some of the med expenses are allowable too, once they go over a certain level.
    Sorry about all the questions.
    The pension is tax deductable to the rate of tax you are on ie 20 or 41% i think. You can pay wages to OH but their off farm income, if they have any, will have to be included so they may not have any spare allowances to offset against the farm income they are 'getting'. At least that is my understanding of it anyway


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