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A Layman’s Guide to Income Tax & VAT 23rd June

Venue:
Work IQ Innovation Centre, Belgard Square North, Dublin 24 D24E1TT
 
Date:
23/06/2026
 
Note:
Tuesday 23rd June
 
Time:
9:30am- 4:30pm 
 
Category:
Business Training
 

The aim of this course is to provide each participant with a clear understanding of their responsibilities as a self-employed person and an understanding of how their business fits into the self-assessment tax system.

€20
 
 

A Layman’s Guide to Income Tax & VAT 23rd June

  • Date: Tuesday 23rd June
  • Time: 9:30am- 4:30pm 
  • Venue: Work IQ Innovation Centre, Belgard Square North, Dublin 24 D24E1TT
  • Cost: €20

About the trainer

Sarah McGuinness, trading as SM Accounting Solutions was established in June 2004 as a training and accountancy practice.  Sarah is a chartered certified accountant and holds a BA (Hons) in Accounting & Finance and first-class honours Certificate in Training and Continuing Education from NUI, Maynooth.  She has over twenty years of experience and expertise in class-room training, mentoring, computerised accounting, business set-up and advice, accounts preparation and tax returns & compliance.

Testimonials:

'Thank you for the comprehensive training this morning. It was very helpful and gave me additional insight as to how our Company accountant has been inputting accounts data for the completion of the Form 11’-  previous attendee

'Just a quick line to say how excellent Sarah McGuinness was this week. I've completed so many online classes at this stage, and I have to say Sarah’s was one of the best. She engaged with each of us individually and adapted the content of both classes to suit our exact requirements. I would highly recommend Sarah for any future training given in this area. Thanks again to LEO for providing us with this opportunity' - previous attendee

 

Outline of course:-

The aim of this course is to provide each participant with a clear understanding of
their responsibilities as a self-employed person and 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. The VAT section will give participants a detailed
understanding of VAT and the implications of VAT registration on their business.

Income Tax:-


a) Who pays Income Tax?
b) On what income do we pay income taxes?
c) Business Profits/Losses
d) Allowable Business Expenses
e) Income Tax Rates, USC, PRSI
f) Tax Credits, Reliefs and Capital Allowances
g) Exempt Income
h) Preliminary Tax
i) An Income Tax Return working example
j) Important filing dates and deadlines

VAT :-


k) Registering for VAT – Why? When? The registration process
l) Allowable VAT expenses
m) The books and records that must be kept and for how long
n) VAT Thresholds
o) VAT Rates
p) VAT on EU transactions
q) VAT on Imports & Exports
r) VAT calculations
s) The VAT returns – VAT 3 and RTD
t) ROS demo – VAT 3

All participants will be given a full set of detailed notes at the beginning of the class

 

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