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Starting Up

  • 20-10-2012 3:29pm
    #1
    gmurran
    Registered Users, Registered Users 2 Posts: 310 ✭✭


    Hi I may be made redundant over the next few months and would like to start a consultancy busibess. I confident that I have enough industry contacts to get started and technical skills for website etc. but I'm unsure if I would need to set-up a limited company or just start business? I don't want to look follish.

    Also do I charge charge vat? I don't expect to earn over €37,500 this year. I have looked around but find all the information available quite confusing.

    Thanks for any advice or helpful resources you can recommend.


Comments

  • #2
    rainbowdash
    Closed Accounts Posts: 878 ✭✭✭rainbowdash


    gmurran wrote: »
    Hi I may be made redundant over the next few months and would like to start a consultancy busibess. I confident that I have enough industry contacts to get started and technical skills for website etc. but I'm unsure if I would need to set-up a limited company or just start business? I don't want to look follish.

    Also do I charge charge vat? I don't expect to earn over €37,500 this year. I have looked around but find all the information available quite confusing.

    Thanks for any advice or helpful resources you can recommend.

    Do nothing until you get your wedge.
    Then get into the dole office and get on the dole.
    AFTER getting the dole apply for the short term BTWEA, it requires jumping through a few hoops but its easy.
    Do not tax register with anybody until you apply simultaneously as you apply for the BTWEA.
    Don't register for VAT unless it is detrimental to your business, as in your customers, if VAT registed may want to reclaim VAT paid etc.
    Sole trader is cheaper than Limited company.


  • #3
    gmurran
    Registered Users, Registered Users 2 Posts: 310 ✭✭gmurran


    Thanks for the tip. My understanding of the BTWEA is that it just extends your dole payment for an extra year? along with a few minor secondary benefits. Is there a benefit I' missing? Thanks


  • #4
    rainbowdash
    Closed Accounts Posts: 878 ✭✭✭rainbowdash


    gmurran wrote: »
    Thanks for the tip. My understanding of the BTWEA is that it just extends your dole payment for an extra year? along with a few minor secondary benefits. Is there a benefit I' missing? Thanks

    If you are on the dole you can't be working at all, the BTWEA enables you to get the equivalent of your dole payment for a year while also working.


  • #5
    Axwell
    Moderators, Computer Games Moderators Posts: 10,462 Mod ✭✭✭✭Axwell


    To the best of my knowledge (you would need to confirm this) you cant get BTWEA unless you are signed on for 6 months.


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