Venue:
Westgrove Hotel , Clane
Note:
Wednesday 15th March
Category:
Business Training
To provide participants with tools to keep a set of books, manage their finances and comply with tax obligations
Cover all elements of setting up a simple bookkeeping system
Provide Trainees with understanding of the Irish tax system and calculating tax liabilities
This event is no longer available
PROGRAMME OBJECTIVES: At the end of this course Trainees should be able to
Understand tax compliance and planning
Understand tax administration in a small business
Manage taxes effectively
keep appropriate records and start to prepare daybooks
Understand inputs and outputs of good bookkeeping
Execute proper controls for good bookkeeping
Extract key information for taxation and financial management purposes
OUTLINE CONTENT
Module 1 – Understanding Tax Compliance & Planning
Self Assessment system explained – income tax compliance obligations
Tax administration in the small business
Record keeping obligations – receipts, invoices etc
Deductible expenses
Capital Allowances
Reliefs available to micro enterprise including SYOB Relief
Elements of a tax bill – tax, PRSI & USC
Identify how tax is calculated – using case study and exercises
Tax dates- preliminary tax, tax returns – Form 11 introduced
Contact numbers
Dealing with your accountant
Introduction to Daybooks – using sample
Module 2 – Maintenance of Key Books and Financial Records including Inouts and Outputs of Good Bookkeeping
Prepare of the following: Concentrating on Daybooks and day to day bookkeeping
Basic bookkeeping and accounts terminology explained
Cash Receipts Book & Cheque Payments Book (Bank Book)
Sales book
Purchases book
Petty Cash Book or equivalent
Introduction to VAT and compliance obligations
Bookkeeping for VAT v Non VAT businesses
Manual or Comuterised system?
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