A Practical Guide to Income Tax (a)

A Practical Guide to Income Tax is an understandable introduction to tax administration for business owners and managers.

This short 3-hour course will deal with all tax codes, address tax registrations, deductible expenses and some of the preparation for and completion of the annual tax return. This course will teach the basics of complying and planning for tax obligations for your business. And, hopefully, take some of the fear out of tax for small businesses.

At the end of this course Trainees should be able to:

• list key obligations to Revenue

• registering with Revenue

• explain when to register for VAT and pros and cons of registering for VAT

• be aware of deductible expenses

• Understand how income tax is calculated

• Prepare for tax bill

• Tax dates, deadlines and when tax is due

Outline Content

• Contact numbers and revenue website

• Using ROS and/or My Account to register

• Self Assessment system explained – income tax compliance obligations

• Registering for tax

• Introduction to VAT

• List deductible expenses

• Difference between capital and revenue expenditure

• Capital allowances explained

• Identify how tax is calculated using practical case study

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

About the Trainer:

Ace Training Ltd. was established in 1998 by Bernadette Farrell, a practicing Chartered Accountant in Kilbeggan where she has a client base of small micro businesses, sole traders, companies and individuals. She has over thirty years’ experience in finance accounting and over twenty six years’ experience in adult education and training with over twenty four years’ experience training and advising start-ups and micro enterprise and working with LEOs

“A very gifted Teacher,. Excellent at painting the finance landscape for small business. Highly recommended” 

Costing, Pricing and Cashflow Trainee Cavan

“Bernadette was excellent at imparting her knowledge to the class A ++++” 

Basic Bookkeeping and Tax Trainee, Kildare

Places on LEO Sligo training courses are prioritised to Co. Sligo businesses