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A quick question on tax...

GobBluth · 2010-12-16 18:25:04

I'm about to set up a small website (it's kind of a blog, not selling anything on it) which may generate a small amount of income through advertising. My question is, if I do make a small amount of money do I have to go through all the hassle a sole trader or small company does to pay their taxes? Am I right in thinking…

16-12-2010 6:25pm

#1

GobBluth

Closed Accounts Posts: 9 ✭

Join Date: October 2010

Posts: 8

I'm about to set up a small website (it's kind of a blog, not selling anything on it) which may generate a small amount of income through advertising.

My question is, if I do make a small amount of money do I have to go through all the hassle a sole trader or small company does to pay their taxes?

Am I right in thinking that as long as I earn under 7,000 I don't have to do anything?

Thanks

1

Comments

#2 05-01-2011 11:12pm

mikefm

Registered Users, Registered Users 2 Posts: 110 ✭✭

Join Date: July 2010

Posts: 101

You should set-up as a sole trader just to record the income. Revenue Office will actually help with this

0