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

PLEASE NOTE: In the event that you book a place and subsequently do not cancel your booking at least ten working days prior to the commencement of the course and do not take up the place no refund or fee transfer will be offered.