Hi,
I'm hoping someone out there may be able to help me.
I was made redundant in February '09 and, rather than sitting around doing nothing, I am attempting to set up a business. My business idea has been well received by prospective customers and there is nothing like it in Ireland at the moment, so I feel happy enough to go ahead with it. However I need a little advice, if you can help me at all!
(1) Since Feb '09 I have been receiving Jobseekers Benefit. There seems to be a Back-to-Work Scheme which helps unemployed people set up a business but I keep getting conflicting information. Would I qualify for this?
(2) Most of the products I will be supplying will be procured from the UK. However most of my customers will either not be registered for VAT or may even be charity-status. Also, a small quantity of my products will be at 0% VAT rate. Should I register for VAT?
(3) One small area of the products I will be offering will be wine. I am anticipating it will be sold as single cases of 12 bottles each time. It is a very specialised type of wine and will be brought in from the UK. I have consulted an accountant, but am none the wiser! I know there is a lot of legal paperwork to complete before I can bring it in, but if anyone could give me a simple outline of what needs to be done, I'd be very grateful!
Sorry for all the questions! These questions have been rolling round my head since I had a meeting with an accountant. I now find myself more confused than ever! If any of you know of an accountant that speaks normal english in the Dublin 8/12 area, I would be forever grateful!!!!
I'm hoping someone out there may be able to help me.
I was made redundant in February '09 and, rather than sitting around doing nothing, I am attempting to set up a business. My business idea has been well received by prospective customers and there is nothing like it in Ireland at the moment, so I feel happy enough to go ahead with it. However I need a little advice, if you can help me at all!
(1) Since Feb '09 I have been receiving Jobseekers Benefit. There seems to be a Back-to-Work Scheme which helps unemployed people set up a business but I keep getting conflicting information. Would I qualify for this?
(2) Most of the products I will be supplying will be procured from the UK. However most of my customers will either not be registered for VAT or may even be charity-status. Also, a small quantity of my products will be at 0% VAT rate. Should I register for VAT?
(3) One small area of the products I will be offering will be wine. I am anticipating it will be sold as single cases of 12 bottles each time. It is a very specialised type of wine and will be brought in from the UK. I have consulted an accountant, but am none the wiser! I know there is a lot of legal paperwork to complete before I can bring it in, but if anyone could give me a simple outline of what needs to be done, I'd be very grateful!
Sorry for all the questions! These questions have been rolling round my head since I had a meeting with an accountant. I now find myself more confused than ever! If any of you know of an accountant that speaks normal english in the Dublin 8/12 area, I would be forever grateful!!!!