Venue:
Attic Room, Temperance Hall, New Street, Longford.
Note:
Four evenings - 3rd, 10th, 17th and 24th October, 2018
Category:
Business Training
Carried out over 4 evenings, this course will help participants gain confidence in working with their business books and records.
This event is no longer available
Bookkeeping and Taxation for Small Businesses
Part 1 - An Introduction to Books & Records Systems Underpinning Bookkeeping
- Outlining some of the benefits of good bookkeeping systems in a small / medium sized business
- Records which need to be kept / maintained
- Introducing templates of books of first entry including purchases book, payments book, sales book, receipts book
- Resourcing the bookkeeping function - 'how’ and ‘who’ best to do it
- Advantages of good record keeping
- Case Study - writing up books of first entry and in doing so demonstrating the benefits that can accrue in so doing (including cash flow management)
- Emerging VAT, tax issues for small business from Budget 2016
Part 2 - Bookkeeping & Tax Compliance ~ What it Means
- Your responsibilities in a self assessment system
- Registration for tax (TR1, TR2) and ‘how’ to de-register - a walk-through forms TR1 and TR2, highlighting important aspects e.g. cash receipts basis for VAT and how & ‘when’ to register; and when a business should de-register for taxes
- Tax codes - an introduction to types of taxes that businesses / persons may be liable to
- Tax returns and tax payments (obligations)
- The Revenue Online System (ROS)
- Key tax deadlines for small business, incl’ (Sole Trader & Companies, VAT, Income Tax)
- Preliminary Tax - what it means, ‘how’ it is calculated and how to provide for this tax
Part 3 - Bookkeeping & Tax Administration ~ How it Happens
- Registration for VAT - the thresholds
- Invoice -v- cash receipts basis registration what they mean, how to decide what basis to choose
- Paperwork necessary in maintaining VAT records (including VAT 3)
- Exceptional VAT items (including two thirds rule)
- Revenue taxes and cash flow projections to pay the VAT bill
- Worked Case Study
- ‘When’ and 'How’ to register for payroll tax
- The ‘full’ cost of employing persons
- Setting wage levels including provision for tax credits, employee PRSI
- How best to maintain payroll records
- Worked Case Studies.
Part 4 - Outputs from a Good Bookkeeping System, Tax Planning & Preparation of Accounts
- Being proactive in accounts preparation and tax management - the advantages for the owner and business.
- Better financial analysis and financial management practices explained - Costing, pricing, debt management and bank management
Part 5 - Ensuring Good Bookkeeping Practices – the controls
- Overview of typical systems being used in small / medium sized businesses that work effectively.
- Identifying your needs in a bookkeeping design before buying into a system.
- Bookkeeping modules / areas necessary to control the finance function (incl’ stock, credit management).
- Controls that can be put in place - creditors management, bank management, debtor management, processes and packages that smooth financial outputs and costing effectively.
Course takes place over four Wednesday evenings - 3rd, 10th,17th and 24th October, 2018 from 7:00pm to 10:00pm.
You have sucessfully added an event to your cart
loading...
Are you sure you want to remove this event?