Venue:
Athlone Education Centre, Moydrum, Athlone
Note:
Sept 11th, 18th, 25th & Oct 2nd, 9th
Category:
Business Training
Essential Tax, VAT, Bookkeeping, Cash flow, Pricing & Debt Collection for Your Small Business - Everything you need to know
This event is no longer available
Essential Tax, VAT, Bookkeeping, Cash flow, Pricing & Debt Collection for Your Small Business - Everything you need to know
Programme Aim
The programme aims to provide participants with guidance on how to maintain a set of books, understand the finances for their organisation and to equip participants with the necessary knowledge on how to fulfill their taxation compliance obligations. To help owners and / or key accounts staff to better understand and use the financial data that they may be presented with in-house or by an accountant.
Programme Objectives
- Different forms of taxation in Ireland, how to register for tax
- Self Assessment system explained
- Completing the Form 11 tax return
- Using Revenue On-line System (ROS)
- Explain tax implications for sole trader, partnership and company
- Record keeping obligations, Calculating tax liability, Deductible Expenses
- Capital Allowances explained – examples and exercises used
- Employer obligations, PAYE/PRSI for employees
- Important dates/Contact numbers – income tax, corporation tax, PAYE/PRSI. VAT
The progamme will assist you in:
- Understand the taxation obligations imposed on the self-employed by Revenue, calculation of tax liabilities and completing tax returns on line
- Explain accounting terminology
- Detail the different types of company formation and the factors to consider in selecting the most suitable type
- Be able to read financial statements, including Profit & Loss Account, Balance Sheet
- Keep proper accounting records, inc books of original entry – purchases, sales, cash ledgers etc
- Understand business cost drivers
- Prepare and monitor cash flow projections to anticipate cash flow problems
- Setting budgets, variance analysis and performance review
- Working Capital Management
- Setting Prices – influencing factors breakeven analysis
- Getting Paid - Credit approval and debt management techniques
Modules covered in the course are:
- Module 1a: Tax, VAT and Manual Payroll for Small Businesses
- Module 1b: Payroll and Payroll Taxes
- Module 2: Bookkeeping and Cash flows for Small Businesses
- Module 3: Pricing Strategy, Costing & Debt Collection
- Module 4: Completing your Tax Return and Reviewing your Year in Business
Participants will be provided with the following excel templates, which will be tailored to their needs:
- a cash forecast template to forecast and monitor their cash position
- a budget template to prepare a dynamic forecasted profit & loss account for their organisation
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