A Layman's Guide to Income Tax

The aim of this course is to help business owners understand their obligations in relation to their Income Tax liabilities within the ‘Self-Assessment System’ as well as important Revenue deadlines for tax returns and payments. It will also give participants an understanding of how their Income Taxes will be calculated, based on their business profits, with tips and advice to ensure they pay less tax.

Course Content:

• Who pays Income Tax?
• On what income do we pay tax?
• Business profits/losses
• Allowable Business Expenses
• Income Tax Bands and Thresholds
• Income Tax Rates, USC, PRSI
• Tax Credits and Capital Allowances
• Preliminary Tax 
• An Income Tax Return working example
• Important filing dates and deadlines
• An opportunity to ask specific questions of the tutor

Delivery Method: Clear demonstrations by the trainer using Power Point slides and Excel for calculations. A user-friendly case-study will be used as the training tool and the trainer will guide the participants through all the course material in a jargon-free, user-friendly, open manner, allowing for them to ask questions on the subject at any stage as this fosters an environment where they feel comfortable and confident to ask specific questions and get the best out of the sessions as possible.

Interactive learning. All participants will be given a full set of detailed notes/ class slides at the beginning of the course –  emailed to them.

Participant Profile: Individuals wishing to start a business AND established business owners.