Business
Thousands of workers in line for tax refund of around €880
PAYE workers could be in line for a windfall average of €880 by simply submitting their tax refund applications for the Irish tax year that ended on December 31.
Tax professionals taxback.com say that their current average tax refund is €880 for a PAYE worker – but because the Government has gnawed away at various tax reliefs over the last few years, they expect that average to drop as the years go on.
“With the austerity Budgets over the last few years, it’s obvious that people are paying more tax than they were five years ago. This should really bring it home to people that they absolutely should claim back their entitlements,” said Christine Kiely of www.taxback.com
Taxback.com say that although there have been a variety of cuts to tax reliefs in recent years many people are unaware of the fact that you can still reclaim tax as far back as 2010 when the tax reliefs were perhaps more generous.
“There is still a long list of tax reliefs available to people that could result in savings of hundreds of Euro but many of these go unclaimed every year either due to a lack of awareness or apathy.
“A lot of people still find applying for a tax refund confusing or complicated, resulting in them paying more tax than is necessary and losing out on entitlements.
“Revenue has made attempts to educate taxpayers as to their entitlements regarding tax credits and reliefs. However, despite this we believe that there are still millions of euro going unclaimed each year,” she added.
Taxback.com say that three main reliefs that have been changed in the last few years – but can still be claimed for.
While the rate at which tax relief can be claimed on medical expenses has been slashed from 41% back in 2008 to 20%, the relief is still available and can be claimed on most medical expenses incurred and on qualifying non-routine dental expenses.
For more, read this week’s Connacht Tribune.
A Galway City student is celebrating success in her ACCA (Association of Certified Chartered Accountants) exams where she achieved first in Ireland and 19th place in the world in her Financial Management exam.
AccountancySchool.ie student Lucy O’Donoghue had completed a Masters in International Management from University of Galway and joined the graduate programme at the Central Bank.
And with her interest in the areas of business, finance and strategic management, she said the next logical step was to look at studying for ACCA qualifications with AccountancySchool.ie.
“When I was starting out on my ACCA journey, it was a bit daunting – twelve exams felt like a mammoth task and at times the road felt never-ending,” she said.
“So, I think the best advice I would give to someone in a similar situation would be not to get bogged down by how far you have to go – take it exam-by-exam and keep chipping away at it. Eventually it will all come together!”
AccountancySchool.ie – based on Fitzwilliam Street in Dublin – is a Platinum Approved Learning Partner of the ACCA, the globally recognised accountancy qualification.
As many as four out of ten female executives in Galway believe they have missed out on a raise or promotion due to gender – and a further 46% said their gender had also played a role in their missing out on a key assignment and more than half (56%) believe it impacted on a chance to get ahead.
That’s according to a new survey conducted by Galway Chamber, which revealed that one in five female executives also believe their gender had resulted in missing out on one or more of these opportunities over the last year – while three out of eight feel that men and women are not treated equally in their current workplace.
These results come from a Galway Chamber survey of more than 100 Galway based female corporate leaders and executives, which was conducted in advance of International Women’s Day.
The survey was conducted over a three-week period in February, issued to members of Galway Chamber.
More positively, it also found that almost two out of three (64%) female executives say they have seen a rise in the number of female corporate leaders in their company or organisation in recent times.
A total of 62% of female executives also believe that gender equality has increased in Ireland in the last year.
Although six out of ten (61%) female executives would characterise the level of gender equality in Galway as “positive, but more progress needed”, this is slightly down on the 64% who held that view when the same question was posed last year.
Also positive were the 92% of female executives who said they believe women have achieved more equal rights in the workplace over the last 10/15 years, up from 86% who were of that view a year ago.
When asked which aspects of equality they had seen progress on in their workplace since they began working with their current employer, 57% said they had seen advances in equal promotion opportunities, 53% on the equal treatment of genders and avoiding discrimination, 51% on the gender spread of leadership and 36% on equal pay.
For more, read this week’s Connacht Tribune.
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ALDI Ireland sourced €20 million of locally produced food and drink from Galway based suppliers last year, according to its annual Economic Impact Report.
The company said it also paid €7.5 million in wages and salaries last year and opened two new stores in Tuam and Mountbellew.
In 2022, ALDI partners with eleven local Galway producers, including key relationships with Sean Loughnane and Arrabawn Dairies – as it began working with 15 new Irish suppliers for the first time.
Operating eleven stores in Galway, ALDI employs over 230 full time staff in the county. All available job opportunities in County Galway can be found on the ALDI Recruitment website.
A total of 45 new jobs were created in ALDI’s new Tuam and Mountbellew stores in 2022. These new store openings form part of ALDI’s dedicated West of Ireland expansion programme which will see the company invest over €63 million and create 140 new full-time jobs and 350 construction jobs across Connacht over the next two years.
ALDI’s stores support multiple charities across Galway at a local level. Each store is part of ALDI’s food waste reduction programme, with ALDI’s Galway stores having donated over 74,000 meals through FoodCloud to local charities.
Each store is also part of ALDI’s Community Grants network with East Galway and Midlands Cancer Support and Voices for Down Syndrome Galway just some of the local charities that availed of the €500 bursary grant in 2022.
In addition to donating to local charities, ALDI also supports local communities through its tree planting initiative, with a commitment to planting one million native Irish woodland trees across Ireland by 2025. To date, ALDI has planted over 540,000 trees across the country. ALDI has planted 35,000 trees across County Galway.
ALDI Ireland Group Managing Director Niall O’Connor said the goal was to make a positive impact in every local community that their stores serve.
“We’re delighted to announce that we spent over €20 million sourcing locally produced food and drink from Galway suppliers in 2022, while investing over €42 million in the county since opening our first Galway store in West City Centre Retail Park in 2000,” he said.
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