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New Sole trader - Is there any excel sheets for calculating tax?

  • 04-07-2017 8:09pm
    #1
    ...And Justice
    Closed Accounts Posts: 1,283 ✭✭✭


    Hi Folks,

    A family member is going to be a sole trader in a new business, I was just wondering is there any downloadable tax sheets in excel that calculate your tax for you? Now I know they aren't 100% correct but I'd like to see how this works and get familiar with tax calculations before I go to a private accountant, I want to see how the tax is calculated for the revenue.


Comments

  • #2
    L.Jenkins
    Moderators, Computer Games Moderators, Technology & Internet Moderators Posts: 19,242 Mod ✭✭✭✭L.Jenkins


    I'm sure it depends. What area of Business will your relative be dealing in? Certain items may be calculated at various rates of tax, i.e. 13.5% and 23%. They could separate out items bought for resale, expense such as diesel and purchases/general expense such as electricity, phone, stationary etc. for the Business.


  • #3
    ...And Justice
    Closed Accounts Posts: 1,283 ✭✭✭...And Justice


    L.Jenkins wrote: »
    I'm sure it depends. What area of Business will your relative be dealing in? Certain items may be calculated at various rates of tax, i.e. 13.5% and 23%. They could separate out items bought for resale, expense such as diesel and purchases/general expense such as electricity, phone, stationary etc. for the Business.

    There's lots of traveling, diesel, phone. It will be on the road.


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