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Extra income

  • 23-05-2017 7:06pm
    #1
    ChoKuRay
    Registered Users, Registered Users 2 Posts: 117 ✭✭


    I have a hobby which I registered as a company with CRO some years ago as I had planned on making some extra cash at the time. Between the jigs and the reels it never really happened and most of my clients were friends so I never charged and then ill health put it on the back burner. Anyway I have just taken a client on who is paying me. How do I claim the extra income. It's not much and may end up being about 2k over a year.


Comments

  • #2
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    ChoKuRay wrote: »
    I have a hobby which I registered as a company with CRO some years ago as I had planned on making some extra cash at the time. Between the jigs and the reels it never really happened and most of my clients were friends so I never charged and then ill health put it on the back burner. Anyway I have just taken a client on who is paying me. How do I claim the extra income. It's not much and may end up being about 2k over a year.

    If you are PAYE, then you declare it on a from 12 yearly return.


  • #3
    MFS2
    Registered Users, Registered Users 2 Posts: 35 ✭MFS2


    ChoKuRay wrote: »
    I have a hobby which I registered as a company with CRO some years ago as I had planned on making some extra cash at the time. Between the jigs and the reels it never really happened and most of my clients were friends so I never charged and then ill health put it on the back burner. Anyway I have just taken a client on who is paying me. How do I claim the extra income. It's not much and may end up being about 2k over a year.

    Are you intending on using the company or is the income in your own name? TBH if its only €2k, I would ignore the company and declare it on the Form 12 as previously mentioned


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