I frequently get requests to quote for “filling in” or “filing” a tax return for a sole trader. Often the potential client doesn’t fully understand the full extent of their obligations. They think in terms of the final act, ie the tax return, and not in terms of how to get there.
So how do you [...]
Many people start out in business as sole-traders and once the business is off the ground “graduate” to a limited company. There are various reasons for this, some real, some perceived:
To avail of lower tax rates Protection of limited liability Banking or investor requirements Image
Before deciding whether to or not to incorporate, sole-traders [...]
The status quo- how small and medium businesses interact with their accountants
Traditionally, small businesses presented a shoe box or plastic bag full of receipts, invoices and bank statements to the accountant either at the end of a VAT period or the end of the year.
The accountant would sort, collate and process the documents [...]
A lack of detail for starters!
Let’s take the main points. The Action Plan for Jobs (APJ) has 15 action points for 2012 relating to indigenous start-up businesses. None of these has a time scale (other than “2012″).
These pronouncements by Government are obviously given an overly positive slant, a little spin, and an [...]
There has been a lot of inaccurate reporting and information on so called PRSI refunds due to an error by the Department of Social Protection.
Firstly, what is being talked about is not PRSI refunds but health levy refunds. That is why refunds can only be claimed up to 2010 as the health levy was [...]
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Recent blog posts
- Soletrader tax returns and accounts – what exactly is needed?
- Bye-bye sole-trade – hello limited company
- The new era of accountancy services
- Action plan for jobs – what’s in it for start-ups?
- PRSI refunds – putting the record straight
- VAT basics – a beginner’s guide
- Starting a business: sole-trade vs limited company
- Exploring exports – VAT basics
- Pay and file online deadline extended
- Calculating your profit for tax purposes
