Sole trader income

J

Jordan Belfort

Registered User
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105
I've just started to turn a hobby, guiding, into a self employment. I already file a form11 as I have investment income from rental property. I'm now trying to figure out what I will need to add to form11 for my self employed activity which will be a less than €5k income (in addition to rental)


Do I need an accountant ?
Must I register the business or can I trade under my own name ?
Accounts will be fairly straight forward. Income and a few expenses. How much of extract from accounts do I actually need to fill in?

Would I get away with less than 5k earned income income under "INCOME FROM SOURCES NOT SHOWN ELSEWHERE [412]" instead ?
 
Yes, but be prepared to justify your calculations

I don't think you need an accountant if the income and expenses are straightforward. Keep invoices for any expenses
 
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