Learning Outcomes

The objectives of the course are to help the participants to:

• Gain a clear overview of the Irish tax system for sole traders and small companies.
• Know the different types of business taxes and which apply to their business
• Understand their key tax obligations, filing and payment deadlines.
• Identify and correctly claim allowable business expenses.
• Learn how to use the Revenue Online System (ROS) for self- assessment.
• Remain compliant with Revenue requirements and avoid common pitfalls.

Content

• A breakdown of different taxes: Income Tax, Preliminary Tax, Corporation Tax, VAT, and Employer Returns (PAYE/PRSI)
• Determine the appropriate taxes based on business structure (sole trader vs. company), activities and thresholds.
• A detailed look at what constitutes an allowable business expense and the records required to validate a business purchase
• Calculating taxable profit and income/corporation tax
• Step-by-step guidance on the self-assessment process, preliminary/final tax and key filing dates and payment frequencies
• Practical demonstrations of how to navigate and use the Revenue Online System (ROS).
• Tax Clearance
• Detailed walk though of the year end income tax filing (Form 11) including a manual calculation of taxable income and deductions (PAYE, PRSI, USC)
• Overview of RCT for construction subcontractors; reverse charge VAT and RCT regime
• Employer taxes and filing obligations including real time reporting for payroll and employee expenses on ROS

Structure

• 1 x 6-hour session over 1 full day or 2 half-days/evenings
• Delivered in-person, online, or in a hybrid format

Delivery Methodology

The workshop will combine instructor-led explanations with practical examples and a live demonstration of the ROS platform.

Participants will be encouraged to ask questions and discuss their specific situations.

Recognising that people learn in different ways, and the diversity of experiences, financial literacy and cognitive profiles of our attendees, we aim to create an inclusive environment in which the individual feels safe, supported and empowered to learn. We design and deliver our programmes with difference in mind. We offer multiple ways to participate, process and respond, not only during the class but also outside the class. Participants are encouraged to contact the course leader directly with questions about the programme, raise concerns or clarify their understanding.

A comprehensive checklist of key dates and a guide to allowable expenses will be provided to all attendees. A spreadsheet will be provided to allow the participants manually validate the inputs and tax calculations on ROS.