Tax and Bookkeeping for Sole Traders - 5th September

5th September

9.30am to 4.30pm 

Merits, Naas

The aim of the course is to give the participants confidence in working with their business’s books and records, and the knowledge needed to keep proper books of account and to deal with Revenue obligations.

• Self Assessment system explained – income tax compliance obligations

• Record keeping obligations – receipts, invoices etc

• Using technology to keep records, photos, apps etc

• Review deductible expenses

• Identify how tax is calculated

• Tax dates- preliminary tax, tax returns – Form 11

• Contact numbers

• Dealing with your Accountant

• Prepare of the following: Concentrating on Daybooks and day to day bookkeeping

• Basic bookkeeping and accounts terminology explained

• Practical application of Bank Receipts Book & Bank Payments Book (Bank Book)

• Reconciling to bank statements

• Templates provided linking to profit and loss account on Excel

• Sales book – demonstration, introduction and template 34

• Purchases book - demonstration, introduction and template

• Petty Cash Book or equivalent -demonstration, introduction and template

• Setting up daybooks above to ensure useful information available for tax returns and financial management - template provided

• Controls to ensure accuracy

• Manual v. Excel v. Computer packages Different types of accounting packages

• Using Revenue On-line System(ROS) and registering on ROS