28/10/2010

- Count Down to the Tax Deadline

In current times when money is tight the looming tax bill still has to be addressed.

Important message to clients
1. Pay the balance of tax for 2009 as a Priority
2. If there is a cash flow problem and you cannot pay the 2009 Debt in time, contact the Revenue
3. If there is a problem paying the preliminary tax liability for 2010 pay as much as soon as you can
4. Even where you cannot pay your liability it is vital you file your tax return by the deadline.

It is important to remember that a surcharge of up to 10% can be charged on late returns and revenue may ultimately take steps to prosecute taxpayers who do not file returns.

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