D
Daffyduck
Guest
Okay.....I am a newbie here and so I have a few questions. Basically I was told not to do things the sole trader road as its dangerous etc...... So I was thinking private limited company but I have 1001 questions. If anyone can help it would be much appriciated! I'll break them up I suppose, into sections.
I am driving a taxi and have been keeping records of my expense and earnings but I have not got a clue about how being self employed works. What exactly needs to be contained in "proper books" can I do these myself? Do I need an accountant???
I have invested about €20,000 in total into things and just need a bit of advice.
I'll do a rough breakdown..... Car - €9250
Plate & licence €6390
Insurance €1500
Meter & sign €800
Tyres etc €225
Total invest - €18165
I would like to register a private limited company but I have a few questions. The above spendings are these "expenses" or what? and so can they be deducted from total earnings?
If I am a small time earner say under €30,000 a year, what what does PRSI, VAT and Corporation tax work, other taxes if any?
And claiming for day to day expenses i.e. Diesel, car services etc?
Also what way does a business bank AC work?
Any help much appriciated.....
I am driving a taxi and have been keeping records of my expense and earnings but I have not got a clue about how being self employed works. What exactly needs to be contained in "proper books" can I do these myself? Do I need an accountant???
I have invested about €20,000 in total into things and just need a bit of advice.
I'll do a rough breakdown..... Car - €9250
Plate & licence €6390
Insurance €1500
Meter & sign €800
Tyres etc €225
Total invest - €18165
I would like to register a private limited company but I have a few questions. The above spendings are these "expenses" or what? and so can they be deducted from total earnings?
If I am a small time earner say under €30,000 a year, what what does PRSI, VAT and Corporation tax work, other taxes if any?
And claiming for day to day expenses i.e. Diesel, car services etc?
Also what way does a business bank AC work?
Any help much appriciated.....