Porsche356ss
Registered User
- Messages
- 6
Utterly unethical for an accountant or tax agent to take % based commission from tax refunds receivable by a limited company client or its owner.
Ditto to insist (or suggest) that repayments of USC/PAYE/Income Levy are paid into a bank account nominated by the agent
I think the OP is referring to the refund of their personal taxes to the agents bank account which revenue facilitate via PAYE A2 agent link http://www.revenue.ie/en/tax/it/forms/authorisation-form-paye-a2.pdf
I also think the OP is getting his wires crossed btw the fee for their personal income tax refund and the fee for the company accounts etc.
Are you mixing them up with the Tax refund companies who take a % of a rebate they get for filing your tax return?
Unless your company requires an audit or your are in a regulated sector then you don't need an accountant.
You can do the P30s, P35, VAT3s, CT1s, Form 11s, B1s, RTDs, 46Gs, Full Accounts and abridged accounts yourself.
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I've never heard of this, why would someone go down this route?
Brenbrady why would someone allow their accountant/advisor to get the refund, isn't it much easier to pay revenue directly and refunds back to tax payer also. My accountant calculates my returns and how much I owe, then does the figures in RAS, and revenue then take the money from my bank accountant but I have to sign for it first etc. I wouldn't like an accountant to have anything to do with managing actual monies.
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