Easiest way to declare extra income?

Corkie100

Hi,
I am a paye worker ( school teacher). A few years ago I was self assessed through ROS for extra music tuition I did at home. I ceased doing it a few years ago (not worth hassle!)
I also play music in my local church. This isn't a paid position, although there is a fund to reimburse for any expenses. I do it as a favour/ out of good will.
However, recently I've been asked to play at funerals a few times. There is a set fee for this (in any church) and the undertakers have handed me a cheque each time. (Haven't lodged any yet as am unsure what to do)
I presume I need to declare this, and if so, what's the easiest way? There would generally be v few in the year, I might make 500 euro if I'm lucky (before expenses of traveling, photocopying, buying music, etc). Do I wait until the end of the tax year or do something now?
I am absolutely clueless in this. The income is v small and I certainly don't do it for the money,when you take out the expenses it's v little, so might not be worth the hassle of doing it at all! Thanks in advance.

Sheep Shagger

Details here..

https://www.revenue.ie/en/additional-incomes/is-your-extra-income-taxable/index.aspx

doh1988

Sheep Shagger wrote: »

Details here..

https://www.revenue.ie/en/additional-incomes/is-your-extra-income-taxable/index.aspx

Is the 5K Gross or Net earnings?

I understand once you go over 5K you have to register as self assessed and submit a return yourself , is it worth paying a tax accountant for help/advice or is it something easily done yourself?

Sheep Shagger

doh1988 wrote: »

Is the 5K Gross or Net earnings?

I understand once you go over 5K you have to register as self assessed and submit a return yourself , is it worth paying a tax accountant for help/advice or is it something easily done yourself?

Gross.

Often it is worth getting an accountant as you can write their cost off as an expense (certainly as a landlord anyway).

The OP is well below that level...

Corkie100

Thanks. I was on that myaccount link, but still wasn't sure where the income would go, do I register it as 'new job'? Also what I'm wondering is do I need to do something immediately now or do it at end of year?

Sheep Shagger

Corkie100 wrote: »

Thanks. I was on that myaccount link, but still wasn't sure where the income would go, do I register it as 'new job'? Also what I'm wondering is do I need to do something immediately now or do it at end of year?

I'd need to have a look in my account again, it's been a while.

You have until 31/10 the year after the income was earned to file.

Some would say for such a small amount you shouldn't bother, that call is up to you...

y0ssar1an22

review your tax for 2019, request statement of liability, complete your income tax return, other income -> trading income.

gross income will be the total earned in 2019.

adjusted profit will be how much is taxable after accounting for expenses.