Lesson 2 - Income Tax Registration procedures
Anita Sajkiewicz FCCA
I'm a mentor for burnt-out accountants who want to start an online business and work from anywhere, so they can improve their well-being and reclaim their freedom.
So let's continue! Here is the second chapter of our FREE course "Income Tax Return". Lesson 2 -?Registration procedures.
Prior to filing any returns, you have to register with the Revenue Office for income tax purposes. Usually this is done at the moment you intend to start trading as a self-employed person or you become a director of a limited company. You can register yourself through Revenue Online Service or your accountant/tax agent can do it on your behalf.?
If you want to do it yourself, first you need to create an account with ROS following the online instructions. This process can take a few days because Revenue Office will need to confirm your identity by sending special access codes to your home address.?
Once your account is active, you choose an option to register for income tax and give some details in relation to your business. (your own details, business contact details, business activity, date you want to commence trading, expected annual turnover).
Once your income tax registration is active, you will have an option to file your income tax return, no need to obtain any other permissions.
It is much quicker to use the help of your accountant, because they have instant access to Revenue records and can complete the registration fast.
To find out more take a look yourself...