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Another self assess question

  • 01-09-2010 8:18pm
    #1
    mondeo
    Registered Users, Registered Users 2 Posts: 3,680 ✭✭✭


    Hi guys,

    I started a small business there in September 09' and unfortunately to date I have made nothing out of it. My advertising expenses are almost as high as my take home pay.. It's been a disaster to say the least. I have been living on savings pretty much.

    I know I have to do send off my 11E form on October 31 with whatever attached to it but am I realistically going to be paying any tax at all since I have made a loss pretty much? I know I'll have to pay class s prsi though. Since I only recently started up business do I have to provide a preliminary assessment aswell? Surely not as I have f all basis to provide an preliminary assessment on...

    I'm not registered for vat. I'm not selling anything I'm just simply providing a service to help those with emotional problems.


    Thanks I'm just confused :)


Comments

  • #2
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Read the guide to self employed and starting business in the Guides stickied aboves


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