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1st year in business

kinco · 2012-09-24 22:27:37

Hi hope somebody can help, Im in my first year in business and wondering about tax? Do I pay tax in my first year? I've takin in around €4000 so fairly small profits,how do I work out my tax on this? Hoping for some help:)

24-09-2012 10:27pm

#1

kinco

Registered Users, Registered Users 2 Posts: 3 ✭

Join Date: July 2012

Posts: 0

Hi hope somebody can help, Im in my first year in business and wondering about tax? Do I pay tax in my first year? I've takin in around €4000 so fairly small profits,how do I work out my tax on this?

Hoping for some help:)

0

Comments

#2 26-09-2012 7:55pm

Shane732

Registered Users, Registered Users 2 Posts: 4,998 ✭✭✭

Join Date: May 2008

Posts: 4715

kinco wrote: »

Hi hope somebody can help, Im in my first year in business and wondering about tax? Do I pay tax in my first year? I've takin in around €4000 so fairly small profits,how do I work out my tax on this?

Hoping for some help:)

Are you self employed?

If so you should register for tax and return same to the Revenue Commissioners.

However, at that level you won't be paying any tax.

0