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PJQ did you get an answer to this question? Amazing how no one replied. Joe

If you were VAT registered and you had claimed VAT on the acquisition of the van you will have a vat liability on the value of the van when you cease to trade or de-register for VAT. Value of Van x 23/123.

Delays are long. The Revenue have a responsibility to deal with your affairs in a timely manner - Tax Payers Charter. In practice this means nothing and like a lot of legislation you are totally at the whim of the departments involved. The Revenue staff are a pretty disillusioned lot. There is...

Minimum of €1,500 plus VAT assuming everything is smooth. Previous figure of €500 - run a mile. Whoever would be doing this would be getting paid less than the minimum wage after all costs, database maintenance and such like are paid. Whilst high prizes dont guarantee quality, very low prizes...

In practice the landlord is not always in such a strong position and you should seek legal advice. Most of my clients in similar situations have been able to extract themselves from this problem. VAT may also be a problem as it appears her lease is quite long and she should speak to her...

At this level (€360k p.a.) you should get a proper contract drawn up by a legal firm who specialise in this area. Getting standard templates and such is crazy.

Check this topic. http://www.askaboutmoney.com/showthread.php?t=165683

Graham is being kind I think. 52% is very low even for a rural pub. Obviously the GP depends upon the mix of drinks being sold and whether it is a 'pints' type of pub or is there a lot of shorts, bottles, wine being sold. IMO it should be showing closer to 58%. If you have concerns you should do...

Brilliant to hear about this kid. Kind of story that gives you hope for the future. Sorry I can't offer solutions - just encouragement.

Far too high.

+1. As regards a settlement it is cheaper to use any other borrower other than revenue. Do not look for credit from the Revenue unless you have no alternative. Otherwise good advice from Ryan.

1. Yes you do need to register yourself as an employee to extract money from the company. Also consider paying expenses in line with civil service rates for milage, accommodation, subsistence, etc.. 2. Accountant or not. This is a much discussed thread on AAM. I say you do. Others say no. I am...

If you use a car for your business you can claim milage costs of the company. Providing you use a proper claim form and use the civil service rates and the trips are business trips the money paid can be paid to you without deduction of any taxes or other levies. The claim form must contain the...

Smeharg is right. You need only include the gross income on the tax return. Exempt income section. You should also do your simple set of accounts to see how your business is doing. In a self employed situation banks will not solely accept bank statements as proof of income.

To qualify as an EIIS you will need to get Revenue approval beforehand. I would be interested to hear other accountants opinion on this post. Are the OPs figures correct?

While you may be right in general that there should be more resources available to help people starting out, I don't see why it should be Revenue's job, do you? The revenue is usually the first interaction that new business owners have with the state. It would be beneficial for the Revenue that...

If all the tax returns are up to date contact mystrokeoff.ie who will wind the company up for very little money (no connection with company). Heart breaking story - best of luck.

+1 to Purple. No offence to Zumba. Nobody gets everything right. People need to be a bit more clued in when going into business. The level of knowledge of people entering business is very low. It makes one question is it too easy to enter business in Ireland? Other countries have restrictions...

No need for software. Add up your income if this is less than 15k your income is exempt from tax. Add up your business expenses - include some light and heat, phone, travel (estimate amount used for business). Total expenses. Take net profit (total income minus total expenses) and put in the...

Firstly they cannot to continue to trade if their business is to continue to lose money. So they have to reverse the losses or get out. Perhaps the business may be worth something if they were to introduce a younger partner. Seems a shame for so much experience to be wasted. But if it has to...