Employed and sole-trader at the same time - Voluntary contributions, PRSI, Taxes

Kalada

New Member
Messages
8
I've been sole-trader this year and I've also been employed since October 3 days a week.

Is there anything that I should consider regarding to taxes?

Thanks
 

dublin67

Frequent Poster
Messages
262
You'll need to file an annual tax return - Form 11 most likely and this is for your income tax. You'll also need to consider preliminary tax. You'll need to consider vat if you are selling services/goods of more than €37.5/€75K per year (or expect to within the next 12 months). That is assuming that the sales are liable to vat in the first instance. General advice is get an accountant to do the first year or two and then copy it going forward.
 

notabene

Frequent Poster
Messages
363
I started in August 2018
So then from this year you’ll need to pay preliminary tax for the current year and balance out the previous year(though hopefully your preliminary has been a good guess and there isn’t much tidying up for the previous year) for your self employed earnings - no issue being a paye employee at the same time - have done this myself for many years - I found accountant well worth it when you find a good one.
 
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