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Self Assessed or Sole Trader??

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  • 18-08-2006 12:47pm
    #1
    py2006
    Registered Users Posts: 9,847 ✭✭✭


    Hi all,

    I am going to be doing some extra work from September as a teacher/trainer.

    They will be paying me directly so it will be up to me to sort out my own tax.

    I am very ignorant when it comes to things like this so I would be grateful for any advice you may have.

    My assumption was that I should register as a sole trader but I was told that this wasn't necessary and that it was easier to become self assessed?

    Also, apparently as I am a teacher/trainer I can claim expenses etc. Do you know anything about this?

    Thanks for your advice!


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  • Options
    #2
    surveys
    Closed Accounts Posts: 152 ✭✭surveys


    py2006 wrote:
    Hi all,

    I am going to be doing some extra work from September as a teacher/trainer.

    They will be paying me directly so it will be up to me to sort out my own tax.

    I am very ignorant when it comes to things like this so I would be grateful for any advice you may have.

    My assumption was that I should register as a sole trader but I was told that this wasn't necessary and that it was easier to become self assessed?

    Also, apparently as I am a teacher/trainer I can claim expenses etc. Do you know anything about this?

    Thanks for your advice!

    When you say "extra work" I presume you mean additional work on top of your normal daily work as an employee ?


  • Options
    #3
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    OP; can u be a bit more specific about what u will be doing?

    are u already a teacher trainer and this is some extra work being done in the same place. eg extra hours.

    if so, re the expenses, will u be able to separate out the expenses re the extra work.

    such expenses have to be wholly, necessarily and exclusively for the extra work..
    if u are a teacher ur union will tell u what they have agreed with the revenue on expenses. [working for 8 months of the year is not a bad start:) ]

    if all of the above applies and u are on paye u will just add the extra money in your return. U will also need to pay prsi etc.


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