This year will be the first year I (and my partner) will be filing a tax return in Ireland. Besides PAYE we’ve some other small things (shares, CG, expenses) as well. I’m trying to understand if it’s worth to hire an tax advisor or accountant or so, or do our returns on our own.
1) If I let someone else file it, we’ll be safe but don’t like the idea of paying for that service every year (sorry).
2) If we do it on our own we can learn it which will also save us money in the future.
If I make a mistake though and get a check from revenue I understand they recheck every little thing and you’d have to pay the difference+penalty. Which is completely fair.
I think what I’d like to understand is; if revenue does a check, and they notice you filed your tax return wrong, do they understand we’re just humans trying to learn? Will I be ok paying the difference+penalty afterwards in such a case? Or do they see you directly as a criminal?
Maybe a weird q but hope someone has a view on it! I just like to play safe and don’t want any problems in a country where I’m just a guest (for a few years).
1) If I let someone else file it, we’ll be safe but don’t like the idea of paying for that service every year (sorry).
2) If we do it on our own we can learn it which will also save us money in the future.
If I make a mistake though and get a check from revenue I understand they recheck every little thing and you’d have to pay the difference+penalty. Which is completely fair.
I think what I’d like to understand is; if revenue does a check, and they notice you filed your tax return wrong, do they understand we’re just humans trying to learn? Will I be ok paying the difference+penalty afterwards in such a case? Or do they see you directly as a criminal?
Maybe a weird q but hope someone has a view on it! I just like to play safe and don’t want any problems in a country where I’m just a guest (for a few years).