What are the major tax deficits in this regard? Eg. COVID payments?
What do users need to watch out for?
The string of abuse you get over the phone when someone who thinks they are going to get €500 back, ends up owing money.
I've no idea of how that business model works. Maybe it works for fly-by-night operators, but a professional accountant who picks up work at €25-€35 a pop (on which VAT will be suffered) won't last a wet week in business.There are tax pros who run paid webinars and charge around €25-35 per guest.
I've no idea of how that business model works. Maybe it works for fly-by-night operators, but a professional accountant who picks up work at €25-€35 a pop (on which VAT will be suffered) won't last a wet week in business.
At a very minimum, before you do a tap of work for them, you need for every single new customer:
- completion of a money laundering risk assessment
- compilation and safe retention of photographic and address ID
- a signed engagement letter
- a signed Revenue agent link notification
- a full paper trail to protect against a complaint or negligence claim
- retention of client particulars for 7 years.
I've no idea of how that business model works. Maybe it works for fly-by-night operators, but a professional accountant who picks up work at €25-€35 a pop (on which VAT will be suffered) won't last a wet week in business.
At a very minimum, before you do a tap of work for them, you need for every single new customer:
- completion of a money laundering risk assessment
- compilation and safe retention of photographic and address ID
- a signed engagement letter
- a signed Revenue agent link notification
- a full paper trail to protect against a complaint or negligence claim
- retention of client particulars for 7 years.
Good luck to them. Doesn't sound like a sustainable business model though.If I was to make a checklist of bills users needed before submitting their tax return, where would I start
I think they get 10 - 15 users per Web session and they simply demo the process and ask general questions. For a one-to-one session the going rate seems to be around €175. Duration 50 mins.
Does this sound right?
I don't want to be unkind but this does not sound well thought out.
You really need to know a lot about tax. Go off and study it so that you can provide the service manually.
Then automate it.
Brendan
Not for me, an accountant required....though I can write his fee off against tax and over the years his insight has saved me money.Bottom Line:- Doing your yearly Tax Return online is an easy process for most of us.
1. Is the full accountants fee refunded by revenue?Not for me, an accountant required....though I can write his fee off against tax and over the years his insight has saved me money.
ThanksI welcome any assistance that will make any application easier. But, if you’re going to train to climb Mount Everest you don’t start your training by actually climbing Mt Everest. On-line claiming re PAYE is easy, let’s not pretend it is difficult. Some people have difficulty with any kind of online forms. Once that difficulty/fear is conquered the remainder re PAYE claim form is simple.
I’ve read through the website and to be honest it’s just OK (but readable; and I acknowledge you put some effort into it). We can do without the caped crusader input too - we’re all adults.
Bottom Line:- Doing your yearly Tax Return online is an easy process for most of us.
1 Yes...written off against rental income.1. Is the full accountants fee refunded by revenue?
2. If a qualified self employed accounts technician completes the claim is the fee refundable in full by revenue?
3. If either is refunded how is it shown by revenue?
That's not how it works. If you have trading or rental income it is normally possible to claim a deduction against taxable profits for the cost, in common with any other qualifying cost.1. Is the full accountants fee refunded by revenue?
The qualification status of the service provider is irrelevant.2. If a qualified self employed accounts technician completes the claim...
It is not a refund.3. If either is refunded how is it shown by revenue?
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