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swetting myself up as a business

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  • 15-03-2005 11:59am
    #1
    madrab
    Registered Users Posts: 3,892 ✭✭✭


    hey guys just wondering if you can help me

    i have just been offered a job as a contractor, and i have to register fot tax/vat

    ehh how??
    do i have to set myself up as a company?

    any help would be appreciated


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    #2
    vigos
    Registered Users Posts: 646 ✭✭✭vigos


    try these links

    http://www.basis.ie/

    http://www.mcgibney.com/New_Business_Guide.htm


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    #3
    TheLedge
    Closed Accounts Posts: 187 ✭✭TheLedge


    ...or you could register yourself under an umbrella company and they do absolutely everything for you.

    i'm not sure what theyre like in Ireland but I'm a contractor in the UK and I've been with an Umbrella for the last 6 months. It's no hassle to me, i dont have to worry about tax etc coz they sort it all out for me. They charge 4% of my weekly wage though, but it's not a lot really. They sort my expenses/tax/timesheets/invoices and new contracts. it's a great service and may be worth looking into.

    I know a couple of other contractors who have their own Limited companies. It's probably not worth commenting on because it's the UK and as such would be different.


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    #4
    Enii
    Closed Accounts Posts: 1,546 ✭✭✭Enii


    You will need to get a VAT number from the tax office and you could also register with the company registration office. I'd give both of them a ring and see what they say....


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    #5
    StaggerLee
    Registered Users Posts: 533 ✭✭✭StaggerLee


    go to the companies registration office, register as a ltd compnay...www.cro.ie
    once this is done you can register for VAT etc...
    its fairly easy.


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    #6
    is_that_so
    Registered Users Posts: 32,136 ✭✭✭✭is_that_so


    There are two options

    Company route which is the CRO

    Self-Employment


    Company route is more complex and more expensive. The second option just means filling out a form for your local tax office - TR1.
    Get it from Revenue .

    http://www.revenue.ie


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    #7
    madrab
    Registered Users Posts: 3,892 ✭✭✭madrab


    is there any advantage in setting up as a comp or going for self employment?


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    #8
    is_that_so
    Registered Users Posts: 32,136 ✭✭✭✭is_that_so


    I have opted for self-employment at present because I found it quicker and easier to set up. Company costs vary but there are a good numeber of agncies that will do it for you at a cost - €400-€600 I have seen it advertised for.
    If you go for a company you must submit audited accounts to the CRO, which costs money, an average of €600 I believe. Being self-employed you still need to keep accounts but no obligation to have them audited. It's your choice. A limited company has advantages in liabiity protection etc.

    The links earlier mentioned here as well will help you make the decision.


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