We can take the stress and worry out of your tax return.
Let’s face it, nobody enjoys completing a tax return.
Thankfully we can help you escape the stress and tedium, and make the entire process as simple and streamlined as possible for you.
Your Income Tax Return
If you are self-assessed for Income Tax, you will need to file an Income Tax Return by 31 October each year.
Don’t worry if your return is complicated or if you don’t fully understand your income or allowances and tax credits.
We will work with you to resolve all your queries and then calculate your tax position for the year, complete your tax return and schedules and present them to you for approval and signature.
Once you give us the go-ahead, we will then file your return with Revenue.
Once Revenue process your return, they will issue an assessment to you based on your tax return. We will check this for you and ensure that your income, allowances and credits are all stated correctly.
If any figures are omitted or if there are any other loose ends, don’t worry, we will contact Revenue and resolve these for you.
Your PAYE Refund Claim
If you’re a PAYE worker or pensioner, you may wish to file an Income Tax return, claim a Tax Refund, or correct tax credits or allowances.
It is possible to make late claims for refunds for up to four years. We can review your existing tax record for past years and submit to Revenue, your claims for additional credits and allowances. If a query arises, you can relax! We will contact Revenue and resolve it for you.
Your Gift/ Inheritance Tax
Capital Acquisitions Tax is the tax charged on gifts and inheritances.
If you receive a gift or inheritance, we can advise and assist you in preparing your Capital Acquisitions Tax return and in calculating and processing your CAT liability.
On the other hand, if you are planning your will, or considering making a gift, you may also wish to plan the transaction in a manner which leaves the recipient with the minimum tax liability possible.
The due date for filing your Capital Acquisitions Tax Return (Form IT38), and paying your liability, is 31 October each year.
Your Return must include all gifts and inheritances with a valuation date in the 12 months ending on the previous 31 August.
As experts in Capital Acquisitions Tax we can guarantee you excellent expert advice and assistance in all areas relating to the taxation of your gift or inheritance.
Where, feasible we can help you in advance of receiving your gift or inheritance, to plan and arrange the transaction in the most tax-efficient manner possible.
Once the gift or inheritance becomes a reality, we will methodically and correctly calculate your CAT liability, ensuring at all times that your returns and computations comply fully with tax law and Revenue requirements and will robustly withstand any future Revenue enquiry or audit.
Throughout the process we will assist and advise you in keeping your CAT liability to the minimum.
Your Capital Gains Tax
If you have sold or disposed of an asset, we can advise and assist you with your Capital Gains Tax Return, and any associated Capital Gains Tax (CGT) liability.
If you are self-assessed for Income Tax, your Capital Gains Tax return forms part of your annual Form 11 Income Tax return, although the calculation and payment procedures for Capital Gains Tax differ in many respects to Income Tax.
If you are not self-assessed (eg a PAYE worker or pensioner) you must instead complete a Form CG1 Capital Gains Tax Return.
The due date for filing a Capital Gains Tax Return is 31 October annually.
The deadlines for payment of your CGT liability are as follows:
- 15 December for disposals in the period January-November each year.
- The following 31 January for disposals in the month of December.
An integral part of our Capital Gains Tax Return service is the quality, expert advice and guidance we are committed to offering you. This includes:
- helping you in advance of the transaction, to plan and arrange your disposal in the most tax-efficient manner possible;
- methodically and correctly calculating your liability, taking into account all relevant factors, using processes purposely designed to withstand any future Revenue enquiry or audit; and
- helping you throughout the process to keep your liability to the minimum.