Author: avid-partners

Home Renovation Incentive (HRI) Scheme Proving A Hit With Homeowners

 

The Home Renovation Incentive (HRI) Scheme was introduced to stimulate home improvement works. The scheme offers financial incentives to homeowners for home renovations and  has proved popular since its launch. It runs from 25 October 2013 to 31 December 2015. Qualifying expenditure is at the rate of 13.5% in the form of a tax credit.
To participate in the scheme the homeowner must be:

Fully up to date with their obligations regarding local property tax and household charges.
Must be able to show payment of income tax, whether PAYE or Self Assessed.
Must be able to show that the works in question are being carried out on the individuals primary residence.
The works must cost a minimum of €4,405 (before VAT)

For contractors to participate in the scheme they must be:

Fully RCT & VAT registered
Fully Tax Compliant and have a tax clearance certificate.
Registered with Revenues Online Service

The benefits for a business of being fully eligible for the scheme are that it opens up new revenue streams for eligible customers.  Non eligible companies will be at a competitive disadvantage in the marketplace as they will likely miss out to a registered contractor if the client is faced with a like for like decision (client saves 13.5% on a same value quote).  Don’t miss out on new business by not having your tax affairs in order.

Contact Avid Partners today to get your tax situation up to date and get registered for this customer friendly scheme.
If you don’t you will miss out on business opportunities that will be going to a competitor!
Email: advice@avidpartners.ie for further details or call us on 01 4286900.

  • Services

    Get a feel for whether Avid can make a real difference to your business.
    View Services

  • Pricing

    Find out how Avid could make a real difference to your business
    View Pricing

  • Request a Quote

    Find out how Avid could make a real difference to your business
    Request Quote

  • “Your business approach to clients is very impressive. I have always found that when explaining the types of service on offer, it is always concise and straight forward. The level of trust that clients place in your company and its staff speaks volumes.”

  • “Service is second to none; there is always someone at the end of the phone for any business advice. The staff are very easy to get along with, very approachable and know exactly what they are talking about”.

     

  • “We have total faith in Avid Partners looking after all our financial needs from week to week business accounting to yearly revenue returns and all taxation issues. Avid Partners have helped us through these difficult times with quarterly business development meetings and strategies to keep us focused on the changing economic environment. ”

  • “I wish to thank you for your support, advice and hand holding throughout the management buy-out. It is critical to have professional advisers who demonstrate a strong commercial and technical understanding of corporate transactions. You certainly showed strong understanding and ability and we look forward to continuing our relationship into the future.”

  • “Avid Partners – Accountants & Business Advisors are an excellent firm of accountants, their quality ethos is outstanding.”

  • AvidPartners ensures that my accounts are always up to date and accurate, so I can take care of my business, without the hassle of accounting, which I am not a fan of.

  • “In our dealings with Jamie and the other staff members, we have found them to provide a proactive and speedy turnaround service which enables us to maintain a strong financial culture within our company. We couldn’t ask for more.”

  • “I would like to take this opportunity to say how much we are impressed with your company’s professionalism, it has been a pleasure working with you all and we look forward to working with you in the future.”

  • “The team at Avid Partners – Accountants & Business Advisors demonstrate an ability to “think outside the box” and they have a clear understanding of what is required to deliver on their clients’ financial needs. They are always a pleasure to work with.”

  • “I would like to say I’m very happy with your service, especially the audit team, your staff are always friendly, helpful and a pleasure to deal with.”