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Do I need an accountant?

  • 02-02-2017 2:23pm
    #1
    dtipp
    Registered Users, Registered Users 2 Posts: 102 ✭✭


    First the confession: I'm a moron when it comes to managing my own finances.

    But then, I always thought that wasn't a problem - as I'm a PAYE worker, and so is my wife. Whatever is in the pay slip is in the pay slip, I don't ever look for any other benefits, etc.

    I don't have a lot of other financial interests in or out - a few grand in stocks I stupidly bought many years ago, a mortgage, kids in school and college . . the normal stuff.

    Wondering would it be worth getting an accountant?
    Or would it be a waste of time for someone that's not self-employed.


Comments

  • #2
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    dtipp wrote: »
    First the confession: I'm a moron when it comes to managing my own finances.

    But then, I always thought that wasn't a problem - as I'm a PAYE worker, and so is my wife. Whatever is in the pay slip is in the pay slip, I don't ever look for any other benefits, etc.

    I don't have a lot of other financial interests in or out - a few grand in stocks I stupidly bought many years ago, a mortgage, kids in school and college . . the normal stuff.

    Wondering would it be worth getting an accountant?
    Or would it be a waste of time for someone that's not self-employed.

    What exactly are you looking to do?

    Your PAYE job looks after itself tax wise. Are you getting any return from the stocks?


  • #3
    dtipp
    Registered Users, Registered Users 2 Posts: 102 ✭✭dtipp


    Things like medical expenses/insurance, work expenses, college fees, anything that someone can claim tax relief on.

    I guess I'm wondering can a PAYE worker benefit from having an accountant, or (as you say) considering tax wise I'm already looked after, maybe it's just a waste of time.

    As for the stocks, they are worth less than they were a decade ago when I bought them.


  • #4
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    dtipp wrote: »
    Things like medical expenses/insurance, work expenses, college fees, anything that someone can claim tax relief on.

    I guess I'm wondering can a PAYE worker benefit from having an accountant, or (as you say) considering tax wise I'm already looked after, maybe it's just a waste of time.

    As for the stocks, they are worth less than they were a decade ago when I bought them.

    A bit of reading will help you. Unless you are declaring additional income or trying to claim something unusual, you can use the my account section of Revenue's website to do it yourself. It's very straight forward.

    Also in relation to medical insurance, you already get tax relief at source on it unless your employer pays it for you as a benefit in kind.

    http://www.revenue.ie/en/personal/index.html


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