Er, Revenue audit settlements are published in the quarterly tax defaulters lists.
The tax defaulters list is a,
"List compiled pursuant to Section 1086, Taxes Consolidation Act, 1997...... of every person upon whom a fine or other penalty was imposed by a Court. "
No it's not - the list of court-imposed sanctions forms only part of the regular quarterly lists of tax defaulters.
This basic error exemplifies the "uninformed & prejudiced ranting" which I referenced above.
I didn't notice that, thank you for pointing it out.
The second part is a list
"OF PERSONS – in whose case the Revenue Commissioners accepted a settlement of the kind mentioned in Section 1086. The list also includes cases in which a Penalty Determination was made by the Courts in respect of the same period. "
Nothing to do with reporting on the adequacy or otherwise of the work of auditors of financial accounts.
A revenue audit for tax purposes is not at all the same thing as a statutory audit of the financial statements. Where Revenue does identify "holes", (good word, images of €€€ draining away), they would have no role in bringing them to public attention. Do we have any idea how many Revenue audits result in a restatement of the tax payable ?
I have been quoted by the accountant 400EUR +VAT to do my tax return this year.
I only have to do a CGT return of the disposal of some shares in 2015
and
income tax return for some income on the side of my full time employee job
400EUR +VAT seems expensive. Is not it?
I am tempted to give it a go myself and try to save the money, but the first time is a bit intimidating. Are there accountants that would review your "self made" tax return before submission for a more humble fee?
Thanks
Bringing the discussion back to the original query, €400 plus VAT is not expensive. If you're paying income tax and USC at the higher rates, it's worth noting that the cost to you would be €236. I paid a babysitter half that recently for a night out. We're talking about professional advice and assistance where the client can come after you if you make an error. Nickel and diming in respect of professional advice is an awful idea.
I don't really agree with the 'can I run something by you' comment being necessarily unpaid. I do my own accounts, small fry, very simple but I wanted to make sure I was doing it right. I asked an accountant how much for an hour of his time, we agreed a figure and for that hour I showed him what I was doing and asked any questions I wanted, I was never going to hire him to do every year, I just wanted basically an accounting grind.
Sure he got an hour's pay, I got answers, worth asking one.
Bringing the discussion back to the original query, €400 plus VAT is not expensive. If you're paying income tax and USC at the higher rates, it's worth noting that the cost to you would be €236. I paid a babysitter half that recently for a night out. We're talking about professional advice and assistance where the client can come after you if you make an error. Nickel and diming in respect of professional advice is an awful idea.
Thanks to you all for your replies...
and I am so sorry that I missed all of your replies until now. I had email notifications turned off by mistake for this thread so I assumed there was no activity... I feel really embarrassed...
Is this because you can deduct the accountant fees from the tax return?