Dublin, Ireland087 634 52 96 or 087 238 81 65info@smithpearsontaxreturns.com

soletrader

Smith & Pearson are Revenue approved Tax Agents who are registered to act on your behalf.

We offer a complete end to end service for Sole traders and anyone with additonal income (unearned income over €3174) for example Rental Income or Dividends (from Shares)

Contact us for a free estimation and discuss what services we are in a position to offer you.

Let us take the pain out of Tax compliance and filing

We can file your paper or online returns:

* Form 11

* Form 12

FILING INCOME TAX RETURNS

A chargeable person is obliged to file an Income Tax Return (Form 11) with the Revenue Commissioners for the previous year.

The return should show the following information:

* Details of all sources of income.

* Claims for all allowances and credits.

The return must be signed by the taxpayer, or an agent of the taxpayer.

A self employed individual completes a Form 11 and an employed individual completes a Form 12. The Income Tax return must be filed by 31 October following the end of the year of assessment. This gives a taxpayer 10 months after the end of a tax year to collate all of the information required and finalise any accounts figures, before he must file his tax return.

When filing the Income Tax return for the previous year the taxpayer must also calculate their total income tax liability for that year and pay any balance due by 31 October. As the individual completes the Income Tax return and calculates the Income Tax, the system is known as self assessment

The same deadline applies for Form 12 as for Form 11, which is typically filed by those who receive self-employed income, i.e October 31st, 2014 for the 2013 tax year. So, you will have to file a return for income earned in 2013 by the 2014 deadline.

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