Revenue risk assessment letter

sarajayne100

Hi guys this is going to be long winded so I appreciate if you read it all! :)

I started an onlyfans during the pandemic as a faceless model and made quite a bit of money from 2020-2022. I had a baby in 2021 so in 2022 my earnings were a lot lower than the previous years.

I had an idea about tax, but to be honest I was just ignorant and thought because I wasn’t earning as much as others I’d be fine.

But I am not fine lol. I got a letter from revenue in February level 2 risk review saying they were aware of an online income. So straight off I went and googled an accountant and rang the first one with good reviews.

My accountant since has been feeding off my anxiety and has been taunting me a bit. Also asking really inappropriate stuff about my money, what I bought, asking what customers wanted from me etc. also texts late into evenings and weekends “what’s the craic” as if I’m just a friend. Not professional AT ALL

so anyway, it came all in all to 12k I owed back. I had 11k in savings so cleared the most of it. Revenue then went and whacked me with a 6k late fee. That’s totally fair, it is my own fault after all.

So for 2023 - I actually made a substantial amount of profit from paypigs on Twitter. I also claimed 1 parent family during 2023 but never even crossed my mind about tax - didn’t really realise you had to pay tax on gifts, which is what paypigs do.

So my accountant kept saying 2023 won’t be a problem as all I made on onlyfans in 2023 was €1100. The rest came off a different site and into my Revolut. So he said he would definitely help me with that. Now he’s saying no, my income was too much and he won’t help me? Then agreed to do it for 5k. I obviously said no.

I don’t do the work anymore, and I’ve spent all the savings I have on previous years taxes. Is there anything I can do? Will revenue know my earnings for 2023 if they came into Revolut and my pps is not linked ? I’m honestly on the brink of unaliving myself I’m so so so stressed so please no lectures. I know I f’d up.

I am a single parent and really rely on my one parent payment now, so I’m terrified of losing it :( any advice / recommendations for a good accountant welcome!

Calahonda52

Ditch the accountant.

Are the paypig payments from a company or directly from each client?

The SPA is means tested

This means that you can earn up to €165 per week and qualify for a full One-Parent Family Payment. If you earn between €165 and €425, you may qualify for a reduced OFP payment. If you earn more than €425 your will not qualify for any OFP payment.

When did you finally settle with e Revenue, have you got the final letter yet.?

The reason I ask is that Revenue and SW work closely together so you are at risk of having a SW audit.

Are you all done with any income outside the SPA?

Geuze

If you have fairly simple self-employed income and expenses, you do not need an accountant.

Simply keep track of all income and expenses.

Declare the profits in your Form 12 or Form 11 income tax return.

SureYWouldntYa

https://www.boards.ie/discussion/comment/122055030#Comment_122055030

This also depends on someone's knowledge of what is an allowable expense for tax purposes

I currently work as an accountant, I've had more than one sole trader tell me they made no profit because they think drawings are an allowable expense, or that because they bought a new car that year they made a loss

Geuze

And these people are in business!!!! Jaysus.

sarajayne100

I have my revenue bill and any penalties paid in full now.

It’s just 2023 I’m left with which is the biggest fear of all

https://www.boards.ie/discussion/comment/122108836#Comment_122108836

You have until mid November to resolve 2023. Find a new accountant, give them all of the details re 2023. Engage with Revenue. Do not stick your hand in the sand. Revenue are fine to deal with once you talk to them.

sarajayne100

I don’t mind revenue it’s social welfare I’m terrified of. I contacted another accountant who deals with online creators and he said revenue don’t normally get involved with sw once you pay the tax on it , shouldn’t be a problem. I’m scared though haha

tohaltuwi

Do have a chat with

https://www.citizensinformation.ie/en/

and especially

https://mabs.ie/?gad_source=1

They will help you sort through a payment plan and get you on an even keel financially.

Beware of “accountants” you might see online, not all are fully qualified as such and cream off a profit for doing what you could do yourself. A good fully qualified accountant would go through things with a fine tooth comb but also duly charge for the time.

StormForce13

https://www.boards.ie/discussion/comment/122109173#Comment_122109173

Don't have a chat with the UK CITIZENS ADVICE people linked above!

But do have a chat with the IRISH CITIZENS INFORMATION people. This is the link:- https://www.citizensinformation.ie/en/

First phone them and then, if you live near one of their public offices, maybe make an appointment and arrange to call in.

tohaltuwi

https://www.boards.ie/discussion/comment/122109347#Comment_122109347

sorry posted wrong link there, apologies!

https://www.citizensinformation.ie/en/