Advice on Freelancing

AnSliabhCorcra

Hi everybody :rolleyes:

So, I am looking for a little advice. I'm currently employed full-time; I like my job, happy to be employed and all that good jazz.

I am, however, a qualified translator of Russian -> English, Polish -> English with my native language being English.

I would love to set up to freelance a little bit on the side however, to do this, I'd spend time with websiting, contacting potential clients and seeing what type of work I can get. For me, this would be a 4-6 hours a week type of thing aimed at making a little extra on the side and keeping my skills relevant and up-to-date.

The problem is that I have zero clue about taxation and I don't want to go through the hassle of setting up as self-employed etc particularly as I'm not sure it'd even take off.

I just wondered if anybody had any advise or could point me in the right direction as to how 'easy' it is to freelance above aboard without setting yourself up as self-employed? Is it even possible?

My partner, for example, rents out his first house and declares tax for that etc - is it as simple as that or somewhat more complex for freelancing?

Any advice would be greatly appreciated.

Thanks

Geuze

If you have PAYE income and extra net income of under 5,000, then it's easy.

Simply add the extra net income to your Form 12 when doing your annual tax return.

http://www.revenue.ie/en/self-assessment-and-self-employment/documents/form12.pdf

You don't need to register as self-employed.

You simply do the work, and make the annual return.

http://www.revenue.ie/en/online-services/services/paye-services/file-a-tax-return-form-12-for-paye-customers.aspx

Geuze

http://www.revenue.ie/en/self-assessment-and-self-employment/guide-to-self-assessment/who-should-register-for-self-assessment.aspx

"You do not need to register for self-assessment if:

you only have PAYE income
your taxable non-PAYE income does not exceed €5,000 and is taken into account in calculating your tax credits and standard rate cut-off point for PAYE purposes. It may also be taxed at source, providing the gross non-PAYE income does not exceed €30,000. In this case you must submit a Form 12 online through PAYE Services in myAccount."

Tramore61

Hi all,

Similar question so posting in here.

I've been asked to do some content marketing for a new start up. A 5 week nixer, from which I will earn no more than €500.

As this is just a one-off job (I'm not getting in to freelancing after this), what do I have to do to remain tax-compliant?

I hardly need to register as self-employed for one job do I?

Any help much appreciated!

Thanks,
Eoin