Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Paying tax on small business while on full-time paye

  • 10-06-2010 11:19am
    #1
    -mcguire-
    Registered Users, Registered Users 2 Posts: 60 ✭✭


    Hi.

    Could someone please help me with this dilemma. I am at present in full-time employment but am also trying to build up a business in a different field. I want to know how to go about filing tax returns and registering the small business. Very low income expected in first 2-3 years of starting business. In fact taking into consideration website fees and advertisement a possible loss may happen.

    Any help or advice will be greatly appreciated!


Comments

  • #2
    macl
    Registered Users, Registered Users 2 Posts: 152 ✭✭macl


    All income that you earn is liable for tax assessment (this doesn't mean you will be paying tax on this extra income but it does have to be assessed).

    Speak to a local bookkeeper who can advise you on your obligations. You're better off starting out on the right foot with a new venture like this.


Advertisement