Tag Archives: self employed tax returns

What is preliminary tax and why is it so important?

If you’re going to be doing a self-employed tax return, then you need to be prepared for preliminary tax. The reason it’s so important to factor into your thinking is because you actually pay it in advance of the following tax year and there are penalties if you don’t. While this might sound a bit… Read More

A simple guide to 2018 tax legislation for the self-employed

For self-employed workers, it is important to ensure keeping up – to – date with any tax changes coming into the new year. There are a number of important tax updates in 2018 that will impact self – employed workers. If you are thinking about registering as a self-employed business, want to know how to… Read More

Self-employed? Find out how to file your tax returns

Filing your tax returns can seem like a daunting prospect—there is much conflicting information online about self-employed tax returns. In fact, it can be difficult to know the circumstances under which the law stipulates that you need to file your own tax return. You want to ensure that you are paying the amount of tax… Read More

10 Tax Deductions the Self-Employed in Ireland can claim

If you’re self-employed (i.e. you work for yourself instead of an employer) or receive income from non-PAYE sources, you must register for self-assessment with Revenue. Self-assessment is where you calculate the income tax you owe for the tax year yourself, and it needs to be done every year when you file your tax returns. Fortunately,… Read More

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

This article 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: People who… 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. What… Read More

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