If you are one of the 706,000 individuals who are due a refund, as announced from the Revenue last week about your taxes, you probably went out and bought yourself a nice glass of wine. But if you’re in the other boat with the 633,000 other people who received the bad news, you’re probably hoping for a miracle to wipe away the tax liability that you now owe.
And to everyone who has been affected by the wage subsidies that the pandemic brought about, there are still ways you can look to in order to lessen the bill just a little. And as a reminder, if you have not claimed either of the two below since 2017, you can still be eligible for the past four years.
1: Flat Rate Expenses
This would be a huge win if you’re eligible and you have yet to claim it this year or in the last four years. These expenses were brought about into the market many years ago in order to be able to cover the many expenses that employees will incur …