Long Lizard
Registered User
- Messages
- 4
I'm currently unemployed, and I'm thinking of registering as a sole trader in order to work as a freelancer. Although I have no training in accountancy or business, I'd like to handle my own tax affairs; having read some of the Revenue Commissioners' documentation, I think I would be able to manage this.
I have 3 questions. Firstly, I would like to use the website RentACoder.com. The site allows a person who want work done to make a deal with someone willing to do it. If the work is successfully completed, the person who did the work receives his payment.
When the job is advertised, the fee is deposited in escrow with RentACoder.com, and when they pay the worker, they take a percentage of the fee.
Suppose I do a piece of work worth $200, and that the fee is $16, so that I end up getting $184. My question is how to handle this from a tax point of view. Hopefully, what I can do is to enter the $184 in my accounts as payment for a service, and not have to worry about the $16.
My second question is about the service provided by RentACoder.com: would it be classed as a Fourth Schedule service? If it is, then I would have to register for VAT, and that is a headache that I would rather avoid at this point in time.
My third question, which is also about Fourth Schedule services, is as follows. It might be useful to me to create a website in support of my work. As far as I can see, if the website is hosted outside the Republic of Ireland, then the web hosting will be a Fourth Schedule service, and I will have to register for VAT. Is this correct?
I have 3 questions. Firstly, I would like to use the website RentACoder.com. The site allows a person who want work done to make a deal with someone willing to do it. If the work is successfully completed, the person who did the work receives his payment.
When the job is advertised, the fee is deposited in escrow with RentACoder.com, and when they pay the worker, they take a percentage of the fee.
Suppose I do a piece of work worth $200, and that the fee is $16, so that I end up getting $184. My question is how to handle this from a tax point of view. Hopefully, what I can do is to enter the $184 in my accounts as payment for a service, and not have to worry about the $16.
My second question is about the service provided by RentACoder.com: would it be classed as a Fourth Schedule service? If it is, then I would have to register for VAT, and that is a headache that I would rather avoid at this point in time.
My third question, which is also about Fourth Schedule services, is as follows. It might be useful to me to create a website in support of my work. As far as I can see, if the website is hosted outside the Republic of Ireland, then the web hosting will be a Fourth Schedule service, and I will have to register for VAT. Is this correct?