OUTLINE CONTENT

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

Preparation 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

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

This training will be delivered by Bernadette Farrell of ACE Training