YesDo I still have to make a tax return?
You can do it yourself no need for an accountant, with no income your accounts should be very straight forward.Do I still have to use an accountant to do this? Can I do my taxes myself online if they're straightforward?
This is incorrect. You are legally obliged to register for self-assessment tax using form Tr1/Tr2 as soon as you commence self-employment.You don't really need to "set up" as a sole trader, just start doing business and pay tax on any earnings when you recieve the cash.
This is incorrect. You are legally obliged to register for self-assessment tax using form Tr1/Tr2 as soon as you commence self-employment.
Are you really, really sure, that you have to use that TR1/TR2?
One very simple reason: There are specific areas in Forms 11& 11E tax returns that refer to trading income. It is compulsory to complete these if the taxpayer is in receipt of such income. The Revenue routinely reject tax returns where these areas have been incorrectly left blank. The usual policy is to return the forms to the taxpayer for proper completion....if he wants to do the right thing, why can't he just declare it under Section 419. INCOME FROM SOURCES NOT SHOWN ELSEWHERE, or some other vague section....
So? Do you expect accountants to work, and provide their expertise, for free?who knows these things, an accountant does but he charges, and the income is so minute.
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