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New business....HELP!

  • 29-09-2009 3:26pm
    #1
    goingsolo
    Registered Users, Registered Users 2 Posts: 23 ✭


    Hi lads,
    As the name suggests i'm starting a new business in the next few weeks, getting sick of working for 'the man'!! :p

    Anyway, I have been looking at ways of providing my service at a lower cost to help me compete with larger/established organisations and am looking to outsource a small portion of my service. Obviously i need to do the main hands on work myself to ensure accuracy and a quality service but can outsource some time consuming paper work.

    I'm hoping someone who has outsourced work abroad (outside of EU) to inform me of possible tax implications?

    Thanks in advance for suggestions/opinions

    Goingsolo


Comments

  • #2
    TaxingTimes
    Registered Users, Registered Users 2 Posts: 145 ✭✭TaxingTimes


    If someone outside the EU is providing you with a service, they will invoice you and you will pay them. You will have no tax obligations in this regard, unless you are employing them as employees - then it can get complicated, as you may be liable to operate the relevant country's payroll deductions.

    The only issues you may have that I can think of are data protection issues.


  • #3
    davemac83
    Closed Accounts Posts: 63 ✭✭davemac83


    I am also in the process of starting my own business and do plan to outsource a very small percentage of my work too. Taxing times, when you say data protection issues I presume that a non-disclosure agreement would suffice?


  • #4
    TaxingTimes
    Registered Users, Registered Users 2 Posts: 145 ✭✭TaxingTimes


    To be honest, I don't know much about data protection, but am aware that I have a legal obligation regarding my client's data, and have to make sure that this is not available to anyone else.

    You would need to take legal advice on this, if you are giving your client's/customer's data to someone else.


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