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PAYE & Sole Trader?

  • 11-03-2016 09:36AM
    #1
    Closed Accounts Posts: 1,794 ✭✭✭


    I am currently working via an agency in an engineering firm. I submit timesheets at the engineering firm, once they're approved (always are, just a formality) I send a pdf of that timesheet to the agency.

    Once monthly the agency pays me a net figure. Tax, usc, prsi already deducted (this is not their normal way of doing it, I just initially didn't want to be paid a lump sum and to sort my own taxes out, so I think I'm technically an employee of the recruitment agency now).

    I am looking for work elsewhere at the moment, just because things are 'drying up' here. I will be going solo, not via an agency. Speaking to colleagues at my current place of work, they are mostly sole traders, and as such have advised this is the way to proceed, that plus using an accountancy service. My question is, can I register as a sole trader while in a PAYE job, or do I have to wait until I'm unemployed/leave employment and then register as a sole trader?

    If I switch jobs, I don't foresee much downtime (if any) between companies, and I know the places I'm applying to will expect me to invoice them for services rendered.


Comments

  • Registered Users, Registered Users 2 Posts: 21,274 ✭✭✭✭Eoin


    Yeah, you can register as a sole trader. Plenty of people have a 9-5 job and do some work on the side.


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