Self employed, also PAYE and susi grant

My friend's situation for 2024:

Has a part-time PAYE job with low income

Started a sports coaching business in September 2024

Registered for income tax as projected profits will be just over €5,000

Currently a full-time college student who has received SUSI grants for two years

The issue for 2025 SUSI application:

SUSI requires a full 12-month set of accounts ending in 2024 for susi applications made in 2025

They don't accept Form 11 tax returns

He will only have 4 months of business accounts (September-December 2024

Question: Given these circumstances, would it be better to only declare his PAYE employment on the SUSI application?

The situation is complicated because SUSI's website states they won't accept Form 11

and require 12 months of accounts from the previous year, but he won't have this due to only starting his business in September 2024.

I'm seeking advice on how to proceed with the SUSI application given these constraints

cally1990 said:

Question: Given these circumstances, would it be better to only declare his PAYE employment on the SUSI application?

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You mean submit a fraudulent application? I think you know the answer to that question...

Maybe use the Declaration of Documents Not Provided form to explain why accounts can't be provided?

ClubMan said:

You mean submit a fraudulent application? I think you know the answer to that question...

Maybe use the Declaration of Documents Not Provided form to explain why accounts can't be provided?

SUSI Forms

Download a form

www.susi.ie

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Thank you !

No I didn't mean it that way

, we would have planned to do( what you found via a letter ) with the information and just do PAYE on the form

But your pdf found above is exactly what he needs

Thank you !!

cally1990 said:

The situation is complicated because SUSI's website states they won't accept Form 11

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This isn't true.

cally1990 said:

and require 12 months of accounts from the previous year, but he won't have this due to only starting his business in September 2024.

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Neither, I'll happily wager, is this in the context of a 2024 startup.

Why do you consider it impossible for him to prepare 2024 accounts sometime in 2025?

T McGibney said:

This isn't true.

Neither, I'll happily wager, is this in the context of a 2024 startup.

Why do you consider it impossible for him to prepare 2024 accounts sometime in 2025?

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See screenshot

They say the form 11 *maybe* requested but as you can see not accept generally

And for the accounts

Also that's for this year applications so next year it will be accounts ending in 2025 which is my friends case

We can do 2024 accounts for the 4 months no problem but it won't be a full 12 months

cally1990 said:

Also that's for this year applications so next year it will be accounts ending in 2025 which is my friends case

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Again, that's totally wrong. SUSI 2025 applications won't be based on accounts ending in 2025.

cally1990 said:

We can do 2024 accounts for the 4 months no problem but it won't be a full 12 months

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Apart altogether from SUSI, your friend would be silly to do 12 months accounts for a business that started mid-year unless he wants to tie himself up in knots and likely end up paying tax twice on the same income.

He should get proper advice rather than depend on his mates and you should also be cautioning him that you're not very familiar with this area at all.

T McGibney said:

Apart altogether from SUSI, your friend would be silly to do 12 months accounts for a business that started mid-year unless he wants to tie himself up in knots and likely end up paying tax twice on the same income.

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No, That's correct.

I think the best thing to do is 4 months set of accounts
do his form 11 as normal before his susi application
complete the letter you provided form documents not provided and explained why (eg why it isn't a full 12 months), It's not possible anyway

I help a lady do her accounts who claims the Susi grant for her children. What they look for each year is the ITSA that is returned after she submits her Form 11. She has never sent accounts.

Brian O'Brien said:

I help a lady do her accounts who claims the Susi grant for her children. What they look for each year is the ITSA that is returned after she submits her Form 11. She has never sent accounts.

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Ah - I see now that SUSI say that accounts MAY be requested so maybe they only look for them in specific circumstances and not for every application from somebody with self-employment income?