Best CRO Services for Proprietary Directors

Income Tax Deadline. Personal Taxes. Tax Returns for individuals and Directors. Self Assessment. Sole Traders.

The Revenue Commissioners acknowledge the on-going tax compliance efforts by taxpayers and agents and in light of the current Covid-19 developments, the Pay and File deadline for ROS customers has been extended to Friday, 19th November at 5.00pm.  As you’re aware, if you earn income as a self-assessed individual, a sole trader, a proprietary Director, or even if you are an employee but generate income in addition to your PAYE employment, you must complete and submit an annual self-assessment tax return within the deadline, to avoid interest and penalties.

If, however, you don’t manage submit your Form 11 Tax Return within deadline, you will be liable to the following late filing surcharges:

• If you submit your return between 31st October and 31st December, late filing will incur a penalty of 5% of your total tax due, up to €12,695.
• If you submit your return after 31st December, the late filing penalty will increase to 10% of your total tax liability, up to €63,485.

For full information, please follow link: https://www.revenue.ie/en/tax-professionals/ebrief/2021/no-2112021.aspx

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

CRO. Company Secretarial. Annual Company Returns. Financial Statements

The Companies Registration Office (CRO) have announced that the 28th May filing deadline has once again been extended.  The Registrar of Companies has decided to extend the filing deadline for companies with an Annual Return Date falling on 30th September 2020 or later until Friday, 11th June 2021.

The extension of the deadline from 28th May 2021 was in recognition of difficulties being experienced when trying to file Annual Returns in the run-up to the filing deadline, which the CRO are currently working to resolve.

As you may remember, the CRO previously announced that the 26^th February 2021 filing deadline was to be extended until 28^th May 2021 for companies with an ARD on or after 30^th September 2020. This was due to the Level 5 restrictions as well as issues experienced by Accountants and other Compliance Professionals with the new CORE system.

For further information, please click the link: https://www.cro.ie/en-ie/About-CRO/Latest-News/filing-extension?

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.