Tag Archives: self employed tax returns

What Tax Relief is Available Under the Home Renovation Incentive?

All landlords have a legal duty to make sure their properties meet certain minimum physical standards. These standards were originally set back in 2008, but have since been updated, and came into force in July 2017. These new standards include some additional requirements for rental properties, with respect to windows located above a certain height,… Read More

Non Resident Landlord : Guide to Irish Tax Returns

The following blog post will act as a guide for non-resident landlords who need to learn about filing tax returns. The below guide will cover important issues, including: • The definition of a non-resident landlord: It is important to fully understand what exactly constitutes being classified as a non-residential landlord. • Tax paid by non-resident landlords:… Read More

Tax Breaks for Self-Employed People in 2017

With one in every six Irish workers earning a self-employed income, there was significant interest in how Budget 2017 would impact self-employed persons in the coming year. While many self-employed workers and advocates would argue that the budget didn’t do enough to level the playing field for tax breaks for self-employed versus PAYE workers, several… Read More

What is Self-Assessment?

All self-employed people, including individuals with revenue streams from all sources e.g. rental income and foreign investments, must make a self-assessment to Revenue. While it’s easy to see self-assessment in a negative light, the self-assessment process can actually give you greater control over your taxes and empower you to better manage your business-related finances. Share:

Filing your self-assessment tax return – important rules to note

Are you preparing to file a tax return? For many small business owners, sole traders and landlords, filing a tax return can prove a troublesome process. There are just so many documents to gather, financial figures to note and deadlines to meet. There’s also a lot of different “rules” to contend with which can cause… Read More

5 Things To Note When Filing a Rental Income Tax Return

If you receive income from rental properties or from renting out holiday homes, then you must declare these properties to Revenue. You will also need to file a rental income tax return related to any income earned from leasing out those properties. This includes rental income from properties abroad and rental income from an Irish… Read More

When Are Tax Returns Due? A Complete Timeline of Deadlines

Filing an annual tax return is a necessary task for every self-employed person in Ireland. In preparation for filing tax returns, there are a number of key dates and deadlines that you need to keep in mind. To help you remember these dates and ensure you are properly prepared, we have compiled a complete timeline… Read More

Self-Assessment and Income Tax Returns, What’s New?

The Finance Act 2012, introduced full self-assessment for taxpayers, via a part 41A of Tax Consolidation Act 1997. This new part to the tax legislation requires the taxpayer, or their agent, to self-assess when making income tax returns and allows for a penalty where no effort is made to file an income tax return. Full… Read More