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Becoming a self employed contractor with a tour company

  • 27-02-2018 6:58pm
    #1
    Fozzydog3
    Registered Users, Registered Users 2 Posts: 528 ✭✭✭


    Hi folks,

    So I have an interview coming up for a tour company as a tour guide, on the job description though it said that we would be self employed contactors. I understand that there's a bit of bureaucracy with doing tax returns which is fine.

    I'm just wondering if there's any potential pitfalls to consider when becoming self employed ? Something about being a contractor in this type of industry is setting off my spidey sense.


Comments

  • #2
    BailMeOut
    Registered Users, Registered Users 2 Posts: 3,036 ✭✭✭BailMeOut


    Does the tour company have any employees or is everyone in same situation as you? if you are happy with the bill rate, no benefits, no holiday pay, etc.. then not a big deal. You may also have some tax deductions you can write off too as they relate to un-reimbursed expenses. Budget at least €500 per year for an accountant and pay your taxes as you go or save them somewhere safe so you can cover your tax bill at end of year! I have been self employed for last 7 years and quite happy with it.


  • #3
    Fozzydog3
    Registered Users, Registered Users 2 Posts: 528 ✭✭✭Fozzydog3


    BailMeOut wrote: »
    Does the tour company have any employees or is everyone in same situation as you? if you are happy with the bill rate, no benefits, no holiday pay, etc.. then not a big deal. You may also have some tax deductions you can write off too as they relate to un-reimbursed expenses. Budget at least €500 per year for an accountant and pay your taxes as you go or save them somewhere safe so you can cover your tax bill at end of year! I have been self employed for last 7 years and quite happy with it.

    If they do have employees I'm guessing it's the ones who do admin adn reservations. If the fact that I could receive tips an issue ? Am I expected to account for them ?


  • #4
    BailMeOut
    Registered Users, Registered Users 2 Posts: 3,036 ✭✭✭BailMeOut


    Fozzydog3 wrote: »
    If they do have employees I'm guessing it's the ones who do admin adn reservations. If the fact that I could receive tips an issue ? Am I expected to account for them ?

    I doubt tips are exempt from tax assuming you declare them. You will find that when you are self employed your choice in accountant becomes quite important as a good one will easily pay for themselves in tax savings. Their fee is tax deductible too!


  • #5
    Batgurl
    Registered Users, Registered Users 2 Posts: 1,208 ✭✭✭Batgurl


    I’d also be concerned about insurance. Normal travel insurance probably won’t suffice for working. You’d need a corporate policy, potentially for an extended period of time and probably covering many countries and a variety of possibilities.

    They will be expensive. Price them up and work it into your quote. I only know one person who does tour guiding and the pay is so poor it’s basically his “side job”. He’s a full time travel blogger and makes most of his money doing “influencing” and freelancing etc


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