REMOTE TRAINING COURSE - A LAYMAN'S GUIDE TO INCOME TAXES via ZOOM

FOR COUNTY ROSCOMMON BUSINESSES ONLY

NOTE: In order to participate on Remote Training, you must have access to reliable Wi-Fi, have a microphone & camera on your laptop/PC. Having both your camera and microphone on facilitates an interactive workshop, thereby enhancing learning and making for a more enjoyable and worthwhile experience.

Date: Thursday 5th August 2026

Time: 9.30am to 1.30pm each day

Trainer: Sarah McGuinness, Smart Reckoning Ltd 

Summary:

The aim of this course is to provide each participant with a clear understanding of their responsibilities as a self-employed person and an understanding of how their business fits into the self-assessment tax system. They will also gain an understanding of how Income Taxes are calculated on their business profits with tips and advice to ensure they pay less tax.

Course Content: 

1. a)      Who pays Income Tax?
2. b)      On what income do we pay income taxes?
3. c)       Calculating Business Profits for taxation
4. d)      Allowable Business Expenses and working from home reliefs
5. e)       Income Tax Thresholds and Rates
6. f)        USC and PRSI Rates
7. g)      Tax Credits, Reliefs and Capital Allowances
8. h)      Exempt Income
9. i)        Preliminary Tax
10. j)        An Income Tax calculation - working example
11. k)       Important filing dates and deadlines
12. l)        An opportunity to ask specific questions of the tutor

Clear demonstrations by the trainer using Power Point and Excel.

User-friendly case-study used as the training tool.

Interactive learning.

All participants will be given a full set of detailed notes at the beginning of the class

Individuals wishing to start a business/ Individuals in business

*** This course works as a great appendage to the ‘Small Business Accounts’ course.