Course Overview 

The aim of this course is to provide each participant with a clear understanding of what they must do to prepare for completing and submitting their Form 11. It will demonstrate the records and books that must be kept in order to prepare the business’s profit and loss account which will be the basis for calculating the income taxes due. The course will teach business owners their responsibilities as a self-employed person and give them an understanding of how their business fits into the self-assessment tax system. They will also gain an understanding of how Income Taxes are calculated
on their business profits with tips and advice to ensure they pay less tax.

Course Content 

• Get tax return ready! – Sales, Purchases, Expenses, Bank records & transactions
• Allowable Business Expenses and working from home reliefs
• Calculating Business Profits for taxation
• On what income do we actually pay income taxes on?
• Income Tax Thresholds and Rates
• USC and PRSI Rates
• Tax Credits, Reliefs and Capital Allowances
•  Preliminary Tax
• An Income Tax calculation - working example
• Important filing dates and deadlines
• An opportunity to ask specific questions of the tutor

This course will be delivered by Sarah McGuinness from SM Accounting Solutions.

While this course is open to everyone, if over-subscribed priority will be given to Leitrim based businesses.