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

Startup questions

  • 23-06-2011 5:47pm
    #1
    Dale Parish
    Registered Users, Registered Users 2 Posts: 894 ✭✭✭


    Hi,
    I finished my Leaving Cert on Tuesday and have decided to start a computer repair business for something to do over the summer. I am opening up on Monday (in an office). I understand there is a €37,500 limit before you must register for tax. My first question is, do I have to register the business name? If I register the business name am I allowed to buy a .ie domain for the business?
    Thanks in advance,
    Dale Parish


Comments

  • #2
    Liveit
    Registered Users, Registered Users 2 Posts: 264 ✭✭Liveit


    Some info on registering a .ie domain name and business name in the sticky in this forum:
    http://www.boards.ie/vbulletin/showthread.php?t=2056271832


  • #3
    ssbob
    Registered Users, Registered Users 2 Posts: 2,736 ✭✭✭ssbob


    Dale Parish wrote: »
    Hi,
    I finished my Leaving Cert on Tuesday and have decided to start a computer repair business for something to do over the summer. I am opening up on Monday (in an office). I understand there is a €37,500 limit before you must register for tax. My first question is, do I have to register the business name? If I register the business name am I allowed to buy a .ie domain for the business?
    Thanks in advance,
    Dale Parish

    Hi Dale,

    You have some misguided information, once you expect to receive more than €3,000 in sales you have to register for Income tax with the revenue however the €37,500 limit is for registering for VAT.

    Have you decided to set up as a sole trader or Ltd company, I would advise to start off as a sole trader, much less complicated.


  • #4
    NumbrCrunchr
    Registered Users, Registered Users 2 Posts: 32 ✭NumbrCrunchr


    Hi Dale

    Congrats on getting the Leaving out of the way and for wasting no time in getting into business.

    The previous poster was correct about the threshold of 37.5k being for VAT registration, you can register for all taxes using a TR1 (sole trader) or a TR2 (company).
    Unlike the previous poster I would take a close look at your particular business circumstances before deciding on sole trader or ltd company route. Doing a lot of travel, entertainment or wanting to keep a separation between you and the business can often make setting up a company a compelling proposition, albeit with slightly higher compliance fees.

    In my opinion you should register the business name, it only costs €20 and smooths the path to a dot.ie domain name.

    Best of luck
    NumberCruncher
    (PM me if you want to discuss further)


  • #5
    amen
    Registered Users, Registered Users 2 Posts: 2,781 ✭✭✭amen


    No matter how much you earn you will need to register to pay Tax.

    Now it maybe that in your circumstances you will not make enough to pay tax but you will still have to submit a return at the end of the Tax year.


Advertisement