In these tough economic times cash flow problems are at an all time high and are in turn causing great concern for taxpayers patricularly during tax deadline time.
Dealing with your tax affairs is crucial. With the income tax deadline 2012 around the corner, you must file your return on time and pay what liabilities you owe – if you do not do this you could face interest and penalties.
However if you feel that you will not be in a position to pay your liabilities the following tips may help;
If you find yourself in a position where you cannot pay the balance for 2011, you should contact Revenue as soon as possible. Revenue may agree for you to enter an instalment arrangement with them. If you find yourself in such a situation the following points may be of some help;
Contact Niall Dempsey OSK Tax for further information.
A video message from Tadgh O'Sullivan, Director.
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