Tax & VAT for Start-Up Businesses:

Objective:

To provide participants with a total understanding of why and how to register for VAT and how to operate the VAT system in a practical manner.  To provide participants with a good basic understanding of the Tax system, profitable income, tax calculations USC and PRSI.  Benefits of sole trader, partnership or Limited Company. Participants will have a practical and hands on training session which includes calculations of relevant profits, VAT returns and income tax calculations.

Content:

• Practical advice on registration forms, VAT limits, rates, forms and relevant dates.
• Advice on tax credits, rates of tax, USC and self employed PRSI.
• Aids to understand the benefits of self-employment - sole trader, partnership or Limited Company.
• VAT guidelines - limits, rates and dates to remember.
• VAT registration requirements and looking at Form TR1.
• Completing records for a VAT return, completing a VAT 3 form by hand and online.
• Comparing a sole trader, partnership and limited company - why and why not.
• Calculating income and expenditure and relevant profits.
• Self assessment form - how to complete it and basic income tax calculations, tax credits, USC and PRSI rates.
• Taking the fear out of dealing with revenue.
• Other relevant information
• Q&A.

This course will be held on Thursday, 17th and 24th February, 2022 from 2.00 to 5.00 pm

Trainer:

Geraldine Doyle
GD Accounts Training