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Paye worker and sole trader

  • 03-05-2017 08:09PM
    #1
    baldtooyoung
    Banned (with Prison Access) Posts: 190 ✭✭


    Hey everyone,just looking for an answer to a question.
    I am a paye worker,but am thinking of setting up an online business on the side(hopefully if it takes off I can quit the poxy job).

    Anyway,payroll takes care of my paye,prsi and all that.if I set up as a sole trader also, does my job still do that and my accountant take care of the rest?


Comments

  • #2
    baldtooyoung
    Banned (with Prison Access) Posts: 190 ✭✭baldtooyoung


    Got the answer.it's okay.


  • #3
    MercMad
    Registered Users, Registered Users 2 Posts: 4,266 ✭✭✭MercMad


    Would you mind sharing, by PM if that suits !


  • #4
    baldtooyoung
    Banned (with Prison Access) Posts: 190 ✭✭baldtooyoung


    MercMad wrote: »
    Would you mind sharing, by PM if that suits !

    Sent ya one a few minutes ago


  • #5
    plalor
    Registered Users, Registered Users 2 Posts: 16 ✭plalor


    Hi, just wondering what the answer was to this? Any chance you could share out your information? As I am currently in a similar situation.


  • #6
    ACADasltiv
    Registered Users, Registered Users 2 Posts: 79 ✭✭ACADasltiv


    Your employer still takes care of your payroll. You provide your accountant with your P60 and they include the income and the taxes you've paid already in their calculations.


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  • #7
    baldtooyoung
    Banned (with Prison Access) Posts: 190 ✭✭baldtooyoung


    plalor wrote: »
    Hi, just wondering what the answer was to this? Any chance you could share out your information? As I am currently in a similar situation.

    Job takes care of all the taxes you earn in the job. Anything earned outside the job you are responsible for.


  • #8
    plalor
    Registered Users, Registered Users 2 Posts: 16 ✭plalor


    Great stuff - thanks lads


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