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Changing to self assessment

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  • 20-01-2020 7:28pm
    #1
    ChoKuRay
    Registered Users Posts: 116 ✭✭


    I engaged an accountant last year to set me up for self assessment as I have a small business. I am also PAYE. However the business is not going in the direction as I had hoped and I am now going to keep it as a hobby. The income for 2019 was under €5000 and this year I expect similar as I dont have time to invest. I have notified the accountant I will be reverting back to self assessment and will just add my extra income in each year.
    How do I go about changing back with the tax office?
    What form do I need to fill out please?
    Tagged:


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    #2
    Calahonda52
    Registered Users Posts: 12,291 ✭✭✭✭Calahonda52


    IIRC he just has to sign off being your agent and when you create a ROS account all your stuff will be there, thats what happened when I took over doing my partners stuff from a paid accountant, I just log in ti=o her account and all the stuff he did on ros is there

    “I can’t pay my staff or mortgage with instagram likes”.



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    #3
    ChoKuRay
    Registered Users Posts: 116 ✭✭ChoKuRay


    Thanks. I have a ROS account already as I have always been PAYE. I just remember a lady in the tax office saying i needed to complete some form but I can find where I wrote that down now


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    #4
    Calahonda52
    Registered Users Posts: 12,291 ✭✭✭✭Calahonda52


    ChoKuRay wrote: »
    Thanks. I have a ROS account already as I have always been PAYE. I just remember a lady in the tax office saying i needed to complete some form but I can find where I wrote that down now

    I don't know.
    ps, based on the piece below I mis read your post :(

    “I can’t pay my staff or mortgage with instagram likes”.



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    #5
    Fireball81
    Registered Users Posts: 412 ✭✭Fireball81


    I was an accidental landlord in addition to PAYE, had ROS etc.

    When I sold the property and therefore became 100% PAYE, Revenue told me to complete a TRCN1 form and upload via my account and they deactivated by income tax status therefore I no longer needed to do a return etc.

    Google TRCN1 and Google should bring it up.


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    #6
    ChoKuRay
    Registered Users Posts: 116 ✭✭ChoKuRay


    Fireball81 wrote: »
    I was an accidental landlord in addition to PAYE, had ROS etc.

    When I sold the property and therefore became 100% PAYE, Revenue told me to complete a TRCN1 form and upload via my account and they deactivated by income tax status therefore I no longer needed to do a return etc.

    Google TRCN1 and Google should bring it up.

    Thats it. Thanks so much. I will do that asap


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