you actually may not be considered self employed. Most recent from the Rev Comm, they are looking at situations where people are contracted to work for companies but the companies determine:
- the place of work;
- the hours of work;
- the duties of the role;
- provide the tools (computer & software) to do the duties.
There are other conditions to add to this.
From the short amount of detail you provided, it would actually seem that you should be treated as an EE, even though the MD might think different.
and why would he???
-firstly he would not have to pay ER PRSI @ 10.75%
-he wouldn't have to operate PAYE/EE PRSI
and why does this matter to you and him?
well if you did as he currently suggests and then the Rev Comm looked at this (and they are) then it would cost the company (for not paying ER PRSI) and potentially you (as not paying EE PRSI means you are not entitled to redundancy, and would affect old age pension).
conclusion - probably best advised to be an EE - for both you and the MD's sake