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Self employed

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  • 10-05-2018 2:46pm
    #1
    irish_major
    Registered Users Posts: 525 ✭✭✭


    I've seen a few topics on this so don't shoot me down, I've a few unique questions. Recently made redundant after 5 years of employment with the company. I'm now thinking of setting up a company and working as a contractor. A few questions, the SURE scheme, how would that be of benefit to me? I don't have, or need much working capital to start, however after a few months I would be in a position to buy some equipment. Could I claim it then?
    As I've worked the first 4 months of the year, how does that affect my taxes?
    And whilst I'm setting up my company, when do I stop claiming social welfare. I.E. should I delay setting up as self employed until I get work or can I set up as self employed and once I start working then notify welfare?


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    #2
    Youngpies
    Registered Users Posts: 18 ✭Youngpies


    My suggestion to you is to contact the local enterprise office for answers and advice based on your personal circumstances:

    https://www.localenterprise.ie/


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    #3
    grahamor
    Registered Users Posts: 872 ✭✭✭grahamor


    There are additional benefits available for people setting up their own business who were made redundant and currently on social welfare.

    Contact your local enterprise office as @Youngpies mentioned. I did a start your own business course and found it excellent. They cover all options including benefits, grants etc.


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