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Tax advise

  • 24-05-2017 4:37pm
    #1
    Thebigapple
    Registered Users, Registered Users 2 Posts: 3 ✭


    I haven't submitted any accounts as of yet. It's registered a business ( Sole trader) & did a bit of work. It did ok at the start but went downhill fast. Over the last 4 years Ive been getting help from the social welfare because its been so bad. Now the welfare are looking for tax assessment forms.

    I haven't made any returns to the tax office. Just feel I'm in a bit of deep S**t.

    Looking for advise.


Comments

  • #2
    thegolfer
    Registered Users, Registered Users 2 Posts: 346 ✭✭thegolfer


    Speak to an accountant.

    You'll need to get a drafted set of accounts for each year, and establish if there was a profit for the relevant years.

    Remember there is a difference between cash flow and profit.

    We're you VAT registered, or did you exceed the threshold, services 37500, goods 75000.

    An accountant will sort you out.


  • #3
    Thebigapple
    Registered Users, Registered Users 2 Posts: 3 ✭Thebigapple


    I wasn't Vat registered. I didn't exceed the threshold.

    I'll have to speak to one shortly.


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