Taxation

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Navigating the Irish tax system can be complex and time-consuming. Place Finance Services provides a professional taxation service for sole traders and SMEs, ensuring your tax obligations are met accurately, on time, and with the minimum stress to you.

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Why Get Professional Tax Support?

Irish tax legislation places significant obligations on self-employed individuals and businesses. Filing deadlines, surcharges, and Revenue audits are real risks for those who are unprepared or filing incorrectly.

Many sole traders and small business owners overpay tax simply because they are unaware of the reliefs and allowances available to them. A professional tax service ensures you are compliant while also making sure you are not paying more than you need to.

Outsourcing your taxation to Place Finance Services gives you confidence that your returns are accurate, submitted on time, and structured to make the most of what is available to you under Irish tax law.

Our taxation services include:

  • Income tax returns for sole traders and self-employed individuals

  • Corporation tax returns computations for limited companies

  • Preliminary tax calculation and planning

  • Capital gains tax (CGT) returns

  • Revenue Online Service (ROS) submissions

  • Identification of available tax reliefs and allowances

Our Approach

Based in Wicklow, Place Finance Services works with clients across Ireland both remotely and in person. We handle your tax affairs in a clear, straightforward manner — explaining what is due, why, and when — so there are no surprises and no missed deadlines.

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Frequently Asked Questions

When is the income tax return deadline for sole traders in Ireland?

The annual income tax return deadline for self-assessed individuals in Ireland is 31 October, or mid-November when filing and paying through Revenue's Online Service (ROS). Missing this deadline can result in a surcharge of up to 10% of the tax liability. Place Finance Services ensures your return is filed accurately and on time.

What expenses can a sole trader claim against tax in Ireland?

Sole traders can claim a wide range of allowable business expenses, including motor expenses, home office costs, professional fees, travel, and equipment. The specific reliefs available depend on the nature of your business. Place Finance Services will review your circumstances and ensure all eligible expenses are correctly claimed.

What is preliminary tax and do I need to pay it?

Preliminary tax is an advance payment of your current year's tax liability, due each October. It must be at least 90% of your final tax bill for the year, 100% of the previous year's liability, or 105% of the pre-preceding year's liability where payment is made by direct debit. Failing to pay the correct amount results in interest charges. Place Finance Services calculates your preliminary tax liability and ensures it is paid correctly and on time.

I have not filed tax returns for several years. What should I do?

It is important to address outstanding returns as soon as possible. Revenue's Voluntary Disclosure scheme allows taxpayers to come forward and regularise their affairs, often with reduced penalties. Place Finance Services can review your situation, prepare any outstanding returns, and liaise with Revenue on your behalf to resolve the matter efficiently.

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