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doing tax return without accountant

  • 26-05-2021 8:36pm
    #1
    Captain Bob
    Registered Users, Registered Users 2 Posts: 89 ✭✭


    After a few years doing tax return with accountant decided to do it myself (as self-employed)
    Could you please advise on steps.
    Appreciate all help.
    Thanks


Comments

  • #2
    hold my beer
    Registered Users Posts: 2,005 ✭✭✭hold my beer


    Captain Bob wrote: »
    After a few years doing tax return with accountant decided to do it myself (as self-employed)
    Could you please advise on steps.
    Appreciate all help.
    Thanks

    Log into ROS. Complete tax return.


  • #3
    hold my beer
    Registered Users Posts: 2,005 ✭✭✭hold my beer


    Above was tongue in cheek. Did your accountant prepare sole trader accounts for you?


  • #4
    ulster
    Registered Users Posts: 209 ✭✭ulster


    Captain Bob wrote: »
    After a few years doing tax return with accountant decided to do it myself (as self-employed)
    Could you please advise on steps.
    Appreciate all help.
    Thanks

    Is it Form 11 you have to fill out?


  • #5
    Captain Bob
    Registered Users, Registered Users 2 Posts: 89 ✭✭Captain Bob


    hold my beer wrote: »
    Above was tongue in cheek. Did your accountant prepare sole trader accounts for you?

    yes, a few years. Now I am gonna do it myself.


  • #6
    Captain Bob
    Registered Users, Registered Users 2 Posts: 89 ✭✭Captain Bob


    ulster wrote: »
    Is it Form 11 you have to fill out?

    no idea


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  • #7
    StevenToast
    Registered Users, Registered Users 2 Posts: 3,670 ✭✭✭StevenToast


    If you dont know what a form 11 is.....you really need to get a professional to do it for you...

    "Don't piss down my back and tell me it's raining." - Fletcher



  • #8
    SEPT 23 1989
    Registered Users, Registered Users 2 Posts: 43,028 ✭✭✭✭SEPT 23 1989


    For the money you are trying to save now it could work out much more costly in the long run


  • #9
    Jerry Attrick
    Closed Accounts Posts: 243 ✭✭Jerry Attrick


    OP, having read this thread carefully, might I gently suggest that you consider renaming it "Repairing a cavity without employing a dentist"!


  • #10
    jimmycrackcorm
    Registered Users, Registered Users 2 Posts: 14,345 ✭✭✭✭jimmycrackcorm


    SEPT 23 1989 wrote:
    For the money you are trying to save now it could work out much more costly in the long run


    It depends on whether there is anything complicating the return, such as what qualifies as a taxable expense.
    But if it's the same every year then it's ok to do it on ROS.


  • #11
    LawBoy2018
    Registered Users, Registered Users 2 Posts: 1,162 ✭✭✭LawBoy2018


    Lol he had us until the Form 11 post tbf! Do yourself a favour and give your accountant a call.


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  • #12
    Sesame
    Registered Users, Registered Users 2 Posts: 508 ✭✭✭Sesame


    I was actually thinking of doing the same this year as my sole trader income was much decreased for 2020 after a few good years. I can't afford the accountant, and the total revenue is quite small for the year.
    Obviously I don't have the travel expenses of previous years but other than that, I expect the taxable expenses should be pretty similar to before. Can I print of previous returns and copy what the accountant did before, with new figures?
    Sounds straightforward, ros.ie scares me I must admit, probably irrational I know.


  • #13
    mickdw
    Registered Users, Registered Users 2 Posts: 23,460 ✭✭✭✭mickdw


    I do my own but i use paylesstax template at 99 euro or so.
    I find it ok for simple enough return where its straight forward sole trader accounts.
    Ive recently added some personal rental income so considering using an accountant to make sure im handling that best way possible.


  • #14
    Jerry Attrick
    Closed Accounts Posts: 243 ✭✭Jerry Attrick


    Sesame wrote: »

    Can I print of previous returns and copy what the accountant did before, with new figures?

    Yes you can.
    Sesame wrote: »

    Sounds straightforward, ros.ie scares me I must admit, probably irrational I know.

    I was moved to Form 11 (ROS) from Form 12 (PAYE employee) four years ago.

    I struggled with the online form for the first couple of years (having to revise it and then ask Revenue to cancel it and allow me submit a new version) before getting the hang of it last year and I've recently filed my 2020 return without any problem.

    Have you tried ROS offline? If not, I suggest you download it and play around with it. It's a very useful way of getting to know the form without actually having to file it. (And you can download a pre-populated version of your own Form 11 which makes the task of filling it easier.)


  • #15
    duffysfarm
    Registered Users, Registered Users 2 Posts: 851 ✭✭✭duffysfarm


    accountant in practice here.
    it always amazes me the mess that other unqualified accountants make of some tax returns which i see when ever i take over as agent. These are mistakes that people who claim to be accountants make, never mind the business people themselves.
    BTW - i make mistakes all the time and dont claim to be perfect but some of the mistakes i see are just plain crazy.


  • #16
    Snow_White1987
    Registered Users, Registered Users 2 Posts: 152 ✭✭Snow_White1987


    I'm self-employed over two years and honestly, it's very difficult to do this without an accountant when you take into account expenses and Preliminary Tax etc.

    I have a brilliant accountant for only €400 for the year (you can include this fee as a work expense and get something back, too) and it's worth every cent. Bearing in mind, I don't earn much by any stretch! Ask around for an accountant who is reasonable, I found mine from a fellow self-employed friend.


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