Taxation for Small Businesses

Programme Aim

For those not familiar with paying tax as a self-employed person it can be a daunting part of running your own business.   This course will take you through all the steps in registering your business for tax, completing the necessary paperwork and learning how your income tax is calculated.

One to one mentoring is available following completion of the course.

Programme Content

This introductory course will teach you about:

• How to register your business with the Revenue Commissioners
• The Self Assessment tax system
• Introduction to VAT, and Employer’s taxes,

A more detailed look at Income Tax, including:

• When to file your tax returns and when to pay your taxes
• Calculating Taxable profits and looking at allowable expenses
• Capital Allowances – what are they and how are they calculated
• Calculating your Income Tax liability
• Social Security taxes (PRSI & Levies) - what are they and how are they calculated
• Practical examples of calculating your Income Tax liability.