Can I claim my accountant's fees as a business expense in Ireland?

Yes — accountant's fees are fully deductible as a business expense in Ireland. Revenue allows deductions for costs incurred wholly and exclusively for the purposes of the trade, and professional fees for preparing your accounts and income tax return clearly qualify. This includes: preparation of annual accounts, Form 11 completion and filing, bookkeeping services, payroll, and business tax advisory work. Fees for personal tax matters unrelated to your business are not deductible — but in most cases for self-employed sole traders, the accountant's work is substantially business-related. Claim accountant fees under 'Professional fees' on your Form 11. Keep all invoices.

  • Accountant's fees for business accounts and Form 11: fully deductible
  • Also covers bookkeeping, payroll management, and business tax advice
  • Purely personal tax matters unrelated to your business: not deductible
  • Claim under 'Professional fees' on Form 11
  • Keep all invoices from your accountant

Related Questions

  • Are legal fees tax deductible for self-employed sole traders in Ireland?
  • Can I claim professional membership fees as a sole trader in Ireland?
  • What is the Form 11 filing deadline for self-employed in Ireland for 2024?