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Part Time, Home Based Business-Any Advice?

novaboy80 · 2014-02-11 23:15:19

Hi there, i am currently employed, in the same job for over 6 years, i got my hours cut a couple of years ago and now only work a 3 day week, i receive Job seekers allowance weekly but its very very little, i have an idea for a relatively small money making business which i can do from home, i take it that i will have to…

11-02-2014 11:15pm

#1

novaboy80

Registered Users, Registered Users 2 Posts: 109 ✭✭

Join Date: March 2011

Posts: 76

Hi there, i am currently employed, in the same job for over 6 years, i got my hours cut a couple of years ago and now only work a 3 day week, i receive Job seekers allowance weekly but its very very little, i have an idea for a relatively small money making business which i can do from home, i take it that i will have to register as a sole trader and pay income tax, VAT wont be an issue for the near future as earnings will be very small from this, i got some good info. from Citizens Info. website but still have a few questions which i hope maybe you here can help me with.

Is there really any need for me to use the services of an accountant or should i be able to keep everything in order myself as i really do want to keep costs to a minimum?

Is there anywhere on the internet that provide a list of everything a part-time self employed person needs to know/provide in order to keep their books in order with revenue?

A checklist of some kind would be ideal,

Any help appreciated, thanks

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Comments

#2 13-02-2014 9:04pm

Redsoxfan

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Posts: 5180

I would say that the Entrepreneurial and Business Management Forum might be a better place to ask these questions.

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#3 13-02-2014 9:15pm

sawdoubters

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it might cut your allowance

I would do everything under the table to see how it goes first

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#4 13-02-2014 9:28pm

novaboy80

Registered Users, Registered Users 2 Posts: 109 ✭✭

Join Date: March 2011

Posts: 76

Thanks for the posts, i have now moved the thread to the suggested sub-forum.

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#5 13-02-2014 11:39pm

Pat Mustard

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http://www.revenue.ie/en/tax/it/reliefs/own-business-scheme/index.html

http://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/social_welfare_payments_and_work/back_to_work_enterprise_allowance.html

http://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/social_welfare_payments_and_work/short_term_enterprise_allowance.html

http://microfinanceireland.ie/about-us/what-we-do/

http://www.enterpriseboards.ie/Business_supports/FINANCIAL.aspx

http://www.revenue.ie/en/tax/it/leaflets/it15.html
http://www.enterprise-ireland.com/en/Invest-in-Emerging-Companies/Investors/Seed-Venture-Capital-Scheme/

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