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SO2537a A Practical Guide to Income Tax for the Creative Sector

Venue:
Online via MS Teams
 
Date:
13/02/2025
 
Note:
13.02.25
 
Time:
14.00-17.00
 
Category:
Business Training
 

This short 3-hour course will deal with all tax codes, address tax registrations, deductible expenses and some of the preparation for and completion of the annual tax return. This course will teach the basics of complying and planning for tax obligations for your business, and, hopefully, take some of the fear out of tax for small businesses.

Free
Booked Out
 
 

SO2537a A Practical Guide to Income Tax for the Creative Sector

A Practical Guide to Income Tax is an understandable introduction to tax administration for business owners and managers.

This practical 3-hour workshop will deal with all tax codes, address tax registrations, deductible expenses and some of the preparation for and completion of the annual tax return. This course will teach the basics of complying and planning for tax obligations for your business, and, hopefully, take some of the fear out of tax for small businesses.

Workshop Content:

You will be given practical guidance on the following:

  • Contact numbers and Revenue website
  • Using ROS and/or My Account to register
  • Self Assessment system explained – income tax compliance obligations
  • Registering for tax
  • Introduction to VAT
  • How to list deductible expenses
  • Difference between capital and revenue expenditure
  • Capital allowances explained
  • Identify how tax is calculated using practical case study
  • Tax dates- preliminary tax, tax returns – Form 11

By the end of the Workshop, you will:

  • have an awareness of Tax dates, deadlines and when your Tax is due
  • be able to list key obligations to Revenue
  • know how to register with Revenue
  • be able to explain when it's appropriate to register for VAT and the pros and cons of doing so
  • be able to list your deductible expenses
  • be able to understand how your income tax is calculated
  • be able to prepare for your tax bill