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0761 06 6200

Basic Book Keeping and Taxation, Clonmel

The Clonmel Park Hotel, Clonmel
4 evenings 16, 23, 30 Oct & 6 Nov
6.30pm - 9.30pm
Business Training

The course which takes place over 4 evenings will cover the theory and practice of setting up a simple bookkeeping system. Tutor: Midland Business Training

This event is no longer available

Participants will cover the working elements to prepare Profit & Loss and Balance Sheets and will be introduced to revenue rules on calculating tax on profits and the other taxes that apply in business. The participants will achieve a working knowledge of book keeping, will have carried out worked examples and will be provided with tuition on revenue and tax liability.

The course will be broken down into 4 Modules as follows:

Module 1

  • Profit & Loss
  • Balance Sheet
  • Book Keeping
  • What records to keep
  • Writing up books & bank reconciliation
  • Practical examples

Module 2

  • Introduction and overview of VAT
  • Preparation of all books & posting to P&L and Balance Sheet
  • Analysis of a set of accounts for performance, profitability & solvency

Module 3

  • PAYE overview
  • PRSI overview 
  • USC overview 
  • Payroll
  • Cashflow projections
  • Budgeting

Module 4

  • What the entrepreneur should know about P&L and Balance Sheet when paying income tax or corporation tax to the Revenue
  • Different rules apply
  • Preliminary tax
  • Revenue regulations - what expenses can I claim?
  • Other taxes - RCT & PWT