CxC is 5% of invoiced hours or 300euro per month max
Retain 80% plus of gross ?
Are you joking ?
Perfectly and legally doable. I've been contracting for eight years and have never retained less than 75%. All my accounts and tax returns are prepared by my accountants, who are satisfied I and my company are fully tax-compliant.
Would this be through the use of a pension if you don't mind me asking?
Other than pension ,an IT Contractors tax deductible expenses are generally minimal except when they have large travel expenses
Very iffy in most cases, imho, but depends on circumstances[*]1/3 of household light, heat & fixed line phone costs, if you have a home office
Very iffy in all cases, imhogonk;433549[* said:magazines & newspapers
Dittogonk;433549[* said:non-cash benefit of up to €250 annually (I usually give myself a gift voucher at Christmas!)
I think you are confusing the rules regarding tax-free benefits to employees with the rules governing allowable deductions for trading companies.
If you manage your own tax and returns even using a private a/c practice rather than a managed contractor company you are in my opinion more likely to be audited
Also you have to be careful with the house/office situation as you want your home to be still regarded 100% as your PPR
Of course
But my question is what percentage of your income is ending up as taxable income that you have to pay out through Paye/prsi system
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