Tax Returns & Compliance
Managing your Revenue account is a serious business. If you allow this account to get out of control, the consequences are dire for you and your business as Revenue powers are draconian. Making sure your Revenue account is under control and that you and your business are compliant is vital.
Sole Traders/Self Assessed tax payers
Self-assessed tax payers are required to make a preliminary IT payment on or before 31 October each year. As late payment of IT leads to interest being charged, it is important that self-assessed tax payers have good book keeping systems to allow the early calculation of assessable amounts. If IT returns and accounts are not filed on time with the Revenue, late filing surcharges are imposed. We work with our clients to improve their book keeping system so that IT payments are paid on time and accounts and returns are filed by the due date.
Limited Companies to make a preliminary Corporation tax payment on or before one month prior to year end and file their tax return 9 months after year end. As late tax payments will lead to interest charges, it is important that a company’s accounting is reliable to allow the early calculation of profits and gains. If company accounts and tax returns are not filed on time late filing surcharges are also imposed. We work with our clients to ensure their accounting & are reliable. This helps to ensure tax payments are made on time and that accounts and tax returns are filed by the due date.
Revenue are not paid to advise you on how to organise your affairs and minimise your tax. If you want to be sure you are paying the correct tax, you need to consult with a tax accountant.
At D V Mannion & Co, we
-Complete your tax return
-Calculate your tax liability
-File the return online
-Liaise with you on the amounts to be paid and when they are due
-We analyse your tax return to see if any tax savings can be made.
We will review the form to see if there is anything that needs to be fixed before the return is submitted. This process helps to minimise your risk of a Revenue enquiry into your tax affairs. If you are experiencing cashflow problems, we can help you to defer your tax payments or negotiate a payment plan with Revenue.
We have worked with individuals and businesses across the country and abroad on their tax returns. We will give you a fixed, competitive price and we can take the worry away when it comes to self-assessment tax returns; allowing you to concentrate on running your business.
Dave Joyce MIATI