Practical Guide to Income Tax

Venue:
Online
 
Date:
25/09/2024
 
Note:
Wednesday 25th September
 
Time:
2.00 pm - 5.00 pm
 
Category:
Business Training
 

This course will deal with all tax codes, address tax registrations, deductible expenses and some of the preparation for and completion or the annual tax return. This course will teach the basics of complying and planning for tax obligations for your business. Teaching the business owner, the basics of tax administration.

This event is no longer available
 

Programme Objectives:

At the end of this course Trainees should be able to 

  • list key obligations to Revenue
  • registering with Revenue
  • explain when to register for VAT and pros and cons of registering for VAT
  • be aware of deductible expenses
  • Understand how income tax is calculated
  • Prepare for tax bill
  • Tax dates, deadlines and when tax is due

Outline Content

  • Contact numbers and revenue website
  • Using ROS and/or My Account to register
  • Self Assessment system explained – income tax compliance obligations
  • Registering for tax
  • Introduction to VAT
  • List deductible expenses
  • Difference between capital and revenue expenditure
  • Capital allowances explained
  • Identify how tax is calculated using practical case study
  • Tax dates- preliminary tax, tax returns – Form 11