A Layman’s Guide to Income Tax & VAT 3rd October

Venue:
Dublin West Education Centre (DWEC) located within the grounds of TU Dublin- Tallaght campus
 
Date:
03/10/2024
 
Time:
9:30am - 4:30pm
 
Category:
Business Training
 

The aim of this course is to provide each participant with a clear understanding of their responsibilities as a self-employed person and an understanding of how their business fits into the self-assessment tax system.

This event is no longer available
 

A Layman’s Guide to Income Tax & VAT 3rd October

  • Date: Thursday 3rd October 2024
  • Time: 9:30am - 4:30pm
  • Venue: In person- Dublin West Education Centre (DWEC) located within the grounds of TU Dublin- Tallaght campus
  • Cost: €20

Programme Aim:

The aim of this course is to provide each participant with a clear understanding of their responsibilities as a self-employed person and an understanding of how their business fits into the self-assessment tax system. They will also gain an understanding of how Income Taxes are calculated on their business profits with tips and advice to ensure they pay less tax. The VAT section will give participants a detailed understanding of VAT and the implications of VAT registration on their business.

Course Content:

Income Tax:

a) Who pays Income Tax?

b) On what income do we pay income taxes?

c) Business Profits/Losses

d) Allowable Business Expenses

e) Income Tax Rates, USC, PRSI

f) Tax Credits, Reliefs and Capital Allowances

g) Exempt Income

h) Preliminary Tax

i) An Income Tax Return working example

j) Important filing dates and deadlines

VAT :

k) Registering for VAT – Why? When? The registration process

l) Allowable VAT expenses

m) The books and records that must be kept and for how long

n) VAT Thresholds

o) VAT Rates

p) VAT on EU transactions

q) VAT on Imports & Exports

r) VAT calculations

s) The VAT returns – VAT 3 and RTD