Wicklow

...Making It Happen

A Layman’s Guide to VAT and Income Tax 26/09/2024

Venue:
LEO Wicklow, Clermont House, Rathnew, Co. Wicklow
 
Date:
26/09/2024
 
Note:
Thursday
 
Time:
09:30-17:00
 
Category:
Workshop
 

The aim of the VAT section is to help business owners understand their obligations in relation to VAT registration, VAT thresholds, VAT rates, record keeping, calculations and the VAT returns. Participants will also gain knowledge of submitting Returns on ROS. The aim of the Income Taxes section 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.

€20
 
 

Course content:

All participants will be given a full set of detailed notes at the beginning of the class.

VAT

a) Registering for VAT – Why? When?
b) VAT Thresholds and Rates
c) The books and records that must be kept and for how long
d) VAT on EU transactions
e) VAT on imports & exports
f) VAT calculations
g) The VAT returns – VAT 3 and RTD
h) ROS Demo on submitting a VAT 3


Income Taxes

i) Who pays Income Tax?
j) On what income do we pay income taxes?
k) Allowable Business Expenses
l) Income Tax, USC, PRSI rates
m) Tax Credits, Reliefs and Capital Allowances
n) Exempt Income
o) Preliminary Tax
p) An Income Tax Return working example
q) Important filing dates and deadlines
r) An opportunity to ask specific questions of the tutor

Location:Local Enterprise Office Wicklow, Clermont House, Rathnew, Co. Wicklow, A67 X566
Date:Thursday 26th of September 2024
Time:09:30-17:00
Cost:€20
Trainer:Sarah McGuinness- SM Accounting Solutions


PLEASE NOTE:

BOOKING PERIOD WILL CLOSE 24 HOURS BEFORE TRAINING COMMENCES. 

We respectfully ask you to only book the course you wish to attend out of courtesy to your fellow business owners.

Once a course has been paid for our policy on returns is as follows:

  • 100% return of course fee if sufficient notice from the participant (i.e. not less than 5 working days.)
  • 75% return of course fee if the participant notifies us 48 hours prior to the commencement of the course.
  • No refund if the participant does not notify us at least 48 hours prior to the commencement of the course.
 

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