First ever self assessment

gearoidoc

Hi,

so myself and a few friends started a company in 2009 but it only got incorporated in March 2010. I had done work for the company from September 2009 to March 2010 and during this time, I have been told, that I was effectively self employed and contracting for the company.

I have had an accountant go over the details and he has filled out a Form 12 return for the period September 2009 to December 2009. However, I rang the Revenue yesterday as I just realised that my return was late and they said to fill out a Form 11.

I'm going to call into the Revenues office on O Connell Street today to try to get this sorted out but would really appreciate any advice that anyone could give me on the subject, ie. Do I need a Form 11 or 12? Do I need to do a return for the months worked Jan- March 2010 yet?

Im a complete noob at this so feeling a little lost at the moment!

Thanks.

sawilson2003

You need to File Form 11 for Sep09-Dec09 (was due 31st October 2010), Form 12 only applies to Employees, Pensioners & Non Proprietry Directors.

Jan-Mar 10 is part of your 2010 Income and not due until 31st October 2011

gearoidoc

I should have mentioned that I'm now back working as a PAYE employee.

The accountant I spoke to said to treat it as an additional income and that there would be no point in declaring myself as a sole trader for 6 month....is he right?

dbran

Hi

This all centres around whether or not you are a proprietary director who holds >15% of the share capital. If this is the case you are automatically subject to self assessment and must complete Form 11. Has the company ceased trading?

dbran

Alan Shore

gearoidoc wrote: »

Hi,

so myself and a few friends started a company in 2009 but it only got incorporated in March 2010. I had done work for the company from September 2009 to March 2010 and during this time,

Hi you can't start a company until its incorporated. You can't have worked for the company until it existed. So you must have been self employed.
So you should make a return for the period Sept 09 - Mar 10. If you were not required to file a return previously this return is due by 31 Oct 11 so not to worry.

kennyb3

@ dbran - if he was self employed as has been suggested its a form 11, forget the 15% stuff.

@ AShore - +1 to this man. As the basis period ends in 2010 you dont need to file until 31/10/11.

@ gearoidic - get a new accountant, one who knows what he is talking about and isnt getting you to misdeclare your income. Aslo you say you re now a paye worker. what happened the compay, is this still alive?