Bradán Accountants

Tax Services

Income Tax Services

Reliable income tax services for individuals and sole traders in Ireland, helping you register, stay compliant and claim every deduction available.

Free calculator included. Try our Income Tax & Pension Relief calculators below for an instant estimate — no sign-up needed.

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Income Tax: Key Facts

  • 1Income tax is levied on earnings from your sole trader business or other income you earn in Ireland.
  • 2Sole traders must register with Revenue within 30 days of starting their business.
  • 3Returns are due by October 31st (with an online extension to mid-November via ROS).
  • 4Accurate records and claiming the right deductions keep your income tax bill correct.

Overview

Income Tax for Sole Traders & Individuals

Income tax is a tax on your earnings from your sole trader business or any other income you earn in Ireland. As a leading provider of accounting services, we help our clients navigate the complex landscape of Irish income tax regulations and ensure they stay compliant with the law.

It’s essential to keep up to date with any updates from Revenue, the Irish tax authority, as income tax rates and bands change every year. Our team of experienced accountants can help you stay informed and updated with any changes that may impact your income tax liability.

If you’re a sole trader, you will need to register for income tax with Revenue within 30 days of starting your business, easily online through the Revenue Online Service (ROS). We can help you with the registration process and ensure you have all the necessary documents and information to register with ease.

As a sole trader, you will also need to file an income tax return every year, detailing your earnings and any tax deductions you’re eligible for. The deadline is October 31st of the following year, usually extended to mid-November when filing online. Our team ensures you meet the deadline and avoid penalties.

Income tax return preparation and deduction claims

Quick Information

Ready to optimise your finances?

An initial discovery call helps us understand your situation and what you want from our engagement.

Why Choose Us

How We Help with Income Tax

From registration to filing and deduction claims, we make income tax straightforward.

Registration

Register for income tax with Revenue within 30 days of starting your business, online through ROS or on your behalf.

Annual Returns

File your income tax return every year ahead of the October 31st deadline (with the online extension to mid-November).

Deduction Claims

Identify the deductions and expenses you are eligible for, including business expenses and pension contributions.

PAYE & PRSI

Handle PAYE for employers and ensure PRSI and USC obligations are met accurately and on time.

Revenue Updates

Stay up to date with changes to income tax rates, bands and regulations from the Revenue.

Record Keeping

Set up an efficient record-keeping system so filing your return is simple and accurate every year.

Oct 31

Annual Filing Deadline

30 Days

To Register with Revenue

ROS

Online Filing System

15+ Yrs

Tax Experience

Useful Tools

Personal Tax Calculators

Estimate your income tax, USC and PRSI, and see the tax relief available on pension contributions.

  • Income tax, USC & PRSI
  • Pension tax relief
  • Take-home pay estimate

Income Tax Calculator

Estimate your Irish income tax, USC and PRSI, and see your take-home pay.

Income tax€7,200
USC€1,040
PRSI€2,050
Total deductions€10,290
Net annual pay€39,710
Net monthly pay€3,309
Effective tax rate20.6%

These calculators provide estimates for guidance only and are not financial, tax or legal advice. Rates and thresholds are for 2025 and may change. For advice specific to your circumstances, please contact our accountants.

Our Approach

Staying Compliant & Claiming Every Deduction

As a sole trader, you may be eligible for deductions such as business expenses or pension contributions. Our team helps you identify these deductions and claim them correctly.

If you have employees, you will also need to deduct and pay PAYE on their behalf through the Revenue Online Service. We help you comply with all relevant regulations.

Keeping accurate records makes filing your return easier and ensures you pay the right amount of tax. We help you set up an efficient record-keeping system and track all relevant information.

Get Started Today

Ready to Get Your Income Tax Under Control?

Speak to our Galway and Dublin accountants about reliable income tax services tailored to you.

Call (091) 450 705

FAQ

Income Tax FAQs

Answers to common income tax questions for Irish individuals and sole traders.

What is income tax?

Income tax is a tax on your earnings from your sole trader business or any other income you earn in Ireland.

Who needs to pay income tax?

If you are resident in Ireland and earn an income here, you will likely need to pay income tax. The amount depends on your earnings and any tax deductions you are eligible for.

How do I become tax resident in Ireland?

You are resident in any tax year where you spend 183 days or more in Ireland. There is also a look-back rule for 280 days across the current and preceding year.

When do I need to register for income tax as a sole trader?

You must register for income tax with Revenue within 30 days of starting your business, online via the Revenue Online Service (ROS), or we can do it for you.

When are income tax returns due?

The deadline is usually October 31st of the following year, with an online filing extension to mid-November when filed via ROS.

What deductions can I claim as a sole trader?

You may be eligible for deductions such as business expenses and pension contributions. It is important to keep track of these throughout the year.

Do I need to pay PRSI and USC?

Usually PRSI of 4% applies to cover social insurance benefits. USC starts at 2%, rises to 8% above €47k income, and an extra 3% applies on non-PAYE income over €100k.

What happens if I file my return late?

You may face penalties and interest. A 5% surcharge applies automatically for late filing, increasing to 10% after two months.

Reviewed by Aonghus Sammin, Director and founder of Bradán Accountants — ACCA-certified accountants in Galway and Dublin.