Moving from self employed how am i effected?

jimbobaloobob

I'm currently in a career changing move, moving away from self employment status and beginning work in the teaching sector, however to begin jobs arent a given and work will be on a subbing basis,
can anyone enlighten me as to how I will be effected? is there a transition period where i'm not entitled to whatever benefits are in place for people who are part time employed etc
what paper work do i have to do to show I am no longer earning in a self employed role?

I couldn't find any clear information online.
Thank you.

Squatter

jimbobaloobob wrote: »

I'm currently in a career changing move, moving away from self employment status and beginning work in the teaching sector, however to begin jobs arent a given and work will be on a subbing basis, can anyone enlighten me as to how I will be affected?

is there a transition period where i'm not entitled to whatever benefits are in place for people who are part time employed etc

what paper work do i have to do to show I am no longer earning in a self employed role?

I couldn't find any clear information online. Thank you.

You should tell the Revenue that your self-employed trade has finished as soon as possible so they can get your tax affairs in order.

To start the ball rolling, fill out a Tax Registration Cancellation Notification (TRCN1) and return it to your local tax office. You will also need to complete a tax return for the tax year in which your trade stopped.

If you were using a business name you must also inform the Companies Registration Office (CRO) that you have ceased trading using Form RBN3.

As for Social Welfare benefits/allowances, have a read of this:

http://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/unemployed_people/self_employed_and_unemployment.html

Pawwed Rig

There is also the cessation calculations (and recalculations) that need to be performed. Also need to look at loss claims before deregistration. Are accounts all in order?

jimbobaloobob

Pawwed Rig wrote: »

There is also the cessation calculations (and recalculations) that need to be performed. Also need to look at loss claims before deregistration. Are accounts all in order?

Yea all accounts in order, i use an accountant each year for filing. Thanks for the leads on where to start.