Need Some Help to Understand Preliminary Tax?

Are you seeking expert knowledge on preliminary tax? Have you discovered you are eligible to pay preliminary tax but aren’t sure where to start? Whether you are an individual or business that has been faced with preliminary tax payments, finding a new, professional accountant that you can count on can really benefit you. We would like to offer you the knowledge and professional services of our dedicated experts here at Bond & Co.

We are a reputable firm of chartered certified accountants and statutory auditors located in Swords, Dublin. We specialise in the delivery of professional, friendly and uniquely tailored accountancy services to national and international clients in the form of individuals, small and medium sized business or newly established businesses. 

We pride ourselves on being able to provide our customers with the simplicity and transparency they need when it comes to their preliminary tax payments, tax registration and sole trades, VAT, payroll, help with revenue audits, tax returns and advice, accounts, RCT returns and much more. Simply visit our website today to find out more information about the services we offer that could benefit you now and in the future.

Understanding Preliminary Tax

Preliminary tax is an essential element of the tax system in many countries. It refers to a form of advanced payment made by individuals and businesses to the tax authorities based on their estimated tax liability for the current financial year. The purpose of the preliminary tax is to ensure that taxpayers meet their tax obligations in a timely manner, ultimately preventing the accumulation of a significant tax liability at the end of the year. 

Typically, preliminary tax payments are made periodically throughout the year, with the final payment due before the tax return filing deadline. These payments are based on an estimation of the taxpayer’s income and deductions, therefore allowing the tax authorities to collect a portion of the expected tax liability in advance.

While preliminary tax can pose a challenge for individuals and businesses in terms of cash flow management, it plays a crucial role in ensuring the smooth functioning of the tax system and facilitating the timely collection of revenue by the government.

Leave Your Preliminary Taxes to the Experts

We understand you may think that preliminary tax is all well and good but how are you meant to know what to do in this situation, should you be eligible to pay preliminary tax? Our dedicated, highly knowledgeable experts at Bond & Co are on hand to assist and guide you through the process of keeping on top of your preliminary tax; or better still handling it all for you.

In order to opt for our support when it comes to your preliminary tax as an individual or business, we highly recommend getting in contact with us today. This can be done by giving us a call on 01 840 9173 or 0873091046, emailing us at john@bondandco.ie or by filling in the relevant information into our online contact form.