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sole trader

paddyc · 2002-03-20 16:34:50

Does any one know anything about being a sole trader. can you be a PAYE payer at the same time? How hard is it to set up as a sole trader? Any web site that are easy to under stand and not full of Jargon? many thanks

20-03-2002 5:34pm

#1

paddyc

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Does any one know anything about being a sole trader. can you be a PAYE payer at the same time? How hard is it to set up as a sole trader? Any web site that are easy to under stand and not full of Jargon?

many thanks

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Comments

#2 20-03-2002 6:04pm

Victor

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If you are going to earn your main income as a sole trader (goods or services) you must register as self employed. You can continue to have a subsidiary employment where you pay PAYE (e.g. a consultant who has a part time lecturing post). You effectively earn during the year, pay VAT (and PAYE / PRSI for your employees) every 2 months and sort your own tax out at the end of the year.

Register your business / business name at:
www.cro.ie

Register for VAT (over €40,000 goods or €20,000 services) / income tax at:
www.revenue.ie

You will also need to talk to social welfare.

See also: http://www.boards.ie/vbulletin/showthread.php?threadid=39754

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#3 20-03-2002 8:38pm

Victor

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Can this topic be merged with the one in Business / Economy and a link left?

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