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Do I need to be sole-trader?

  • 17-07-2015 3:48pm
    #1
    Seesee
    Registered Users, Registered Users 2 Posts: 306 ✭✭


    I might start teaching freelance in September - private classes. Waiting to see if there's a market here and if time allows. I'm married and currently unemployed for a number of years and jointly assessed. If I do teach my maximum salary would be less than 5K and I would have to pay public liability out of that plus some expenses.
    My questions are:
    Do I need to register as self-employed?
    If I take out insurance as a sole-trader do I have to be registered as self-employed?
    If I register as self-employed do I have to pay tax upfront based on estimated earnings? This is the bit that worries and scares me as I don't have the spare cash to do that!
    What are the figures at which I would be liable for tax and prsi?

    I have looked at revenue.ie and citizens information website but questions are not answered there so hoping someone can help here.


Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 14,041 ✭✭✭✭Geuze


    Tax upfront? No.

    No income tax until 16,500 for single PAYE workers, or 8250 for self-employed single workers.


  • #3
    Geuze
    Registered Users, Registered Users 2 Posts: 14,041 ✭✭✭✭Geuze


    Public liability insurance? For teaching grinds?


  • #4
    Seesee
    Registered Users, Registered Users 2 Posts: 306 ✭✭Seesee


    No not grinds, after-school.
    Not single though, married and jointly assessed so is the limit lower?
    Thanks for replying btw


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