Understanding Your Business Taxes & VAT

Venue:
Online
 
Date:
18/02/2025
 
Note:
Tuesday 18th of February
 
Time:
10am - 5pm
 
Category:
Management Development
 

This program provides an in-depth understanding of basic taxation principles and introduces participants to the Revenue Online System.

€15
 
 

An introductory 1-day workshop, designed to empower participants with the knowledge and skills to confidently manage and prepare their VAT return, how to calculate wages/salaries, PAYE, PRSI and USC for their employees. The workshop will also show them how to calculate their own income tax, PRSI and USC and provide them with a better understanding of the accounts prepared by their accountants. This session is designed to provide practical guidance on various aspects of VAT and Tax management, ensuring compliance with Revenue requirements and covers essential aspects and reporting obligations.

The following topics are covered in detail:

  • Revenue's Definition of a Business Expense
  • Different VAT Rates
  • When to Register for VAT
  • How and When to Pay VAT
  • Record-Keeping Requirements.
  • Who Should Register for Income Tax Self-Assessment?
  • Understanding Preliminary Tax
  • Qualifying Business Expenses
  • Interactive Discussion and Q&A
  • Sample Trading Profit & Loss Account and Balance Sheet

By the end of this workshop, participants will have gained practical insights, tools, and knowledge to confidently navigate the complexities and understand how to prepare for a tax return. We aim to deliver an informative session where theoretical understanding meets hands-on guidance and leaves participants equipped to manage their tax obligations effectively.

An easy-to-understand manual is provided to each participant which includes practical information and guidance, comprehensive notes, together with templates and links for future reference.