Small business and current job

gerry7

Hi

Sorry if this is the wrong place.
I looked around and I think it is.

Anyway
I am wondering if anybody can help me.
I haven't a clue about this sort of thing.

Basically,I have a current day job,Monday to Friday.
Usual office type of thing.In the mean time,I have another little "project" going.
I want to get into videography for weddings and stuff.

So I would like to register myself as a company so I can do everything properly.Start to advertise and such.
I would also like to keep my current job as It may take some time before I can do this as my main job.

Anyhow,my question is...How to I do this.
Also regarding tax,how does this effect my Tax.
Do I need to pay insurance for this sort of thing.

I hope you understand this question.I am struggling and I wrote it.
Thanks to anyone who can help.

Sposs

You would need to set yourself up as a sole trader , as regards how this affects your tax rates with your fulltime job your probably best speaking with an accountant at the start so you do it correctly.

suckslikeafox

If you dont what you're at you should go to an accountant, they'll help you set up the company and advise you about tax, etc

If you set up as a company, you can either pay yourself a salary and be taxed as normal on that or pay youself through taking company profits though that invilves being double taxed in a way.

Cant see why you'd need insurance.

drunkmonkey

you don't want to be a company just yet, start off as a sole trader, you can do this part time, don't get to caught up in the red tape, get out there get the busness in and then worry about the tax side of things...just make sure you charge vat on all jobs if you want to make peace with the tax man at some stage....

Start here and register your business name, If your going to have a .ie website you'll need to register with the cro, it's pretty cheap if you register online....that's it your in business...

http://www.cro.ie/ena/business-registration.aspx

Gone West

cro.ie

dont bother with insurance or tax. Just start working. If you make money, after a few months, go see an accountant. They don't want all your tax upfront straight away.
relax and go for it man

Sposs

Or have a look at these guys http://www.formit.ie/ they will set it up correctly for you.

gerry7

Thanks all for your reply's
I like the idea of the sole trader option.
I have had some work already,for a VERY reduced price.Just to try it out.
The interest out there is hugh.I would however like to advertise properly.
Set up a website and stuff.I just thought that I would need to be registered or something for setting up a site.

Think I will go and talk to an accountant.
Thanks again all of you

drunkmonkey

An accountant won't tell you a whole lot Gerry, he'll advise you to go the sole trader route, keep your recipts and start bringing in the cash.....

register on the cro, then register your business name, then register your website, then make some business cards...if your aiming for the Irish Market your probably best going for a .ie, keep the website name realative to your business...don't call it jerryryan.ie google won't like that, call it something like weddingphotos.ie google will like that as it will see what people are searching for in the domain name, allways a plus.....any more advice and i'll have to charge you:D

best of luck.....