Company Tax Returns

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Company Tax Returns
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Well, we work alongside some great small and
medium businesses, both overseas and locally and
one of the main reasons people come to us is
because of Irelands company tax system. Why do
you ask? There are several reasons 1. The Irish
tax system is different to most jurisdictions. 2.
CRO, Revenue IT systems are not very customer
friendly but as Accountants, we deal with them
regularly. 3. We save you time and clients avoid
the chance of getting hit with
fines/penalties. 4. We can assist with the
company set-up and corporate obligations.
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• Firstly you must be registered and set up on
  Revenue Online Services (also known as ROS) This
  is the system you use to pay any tax due under
  mandatory e-filing in Ireland.
• You calculate the preliminary tax by the
  specified due date
• 3. Complete and file a CT1 Form and a 46G Form
  (Company) by the return filing date
• 4. Pay any balance of tax due to Revenue.

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A company must file its return and pay any tax
due nine months after the end of the accounting
period. The company must make this payment on or
before the 23rd day of the ninth month. Companies
that fail to pay and file electronically must
submit their return and pay any associated tax.
These companies must pay this tax on or before
the 21st of the month.
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Small companies must pay their preliminary tax in
one installment if they have a CT liability of
less than 200,000 in their previous accounting
period. This must be paid 31 days before the end
of their accounting period, and before the 23rd
of that month.
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For more update , visit us
https//peakaccountingsolutions.ie