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Registering a second sole trade activity

  • 08-05-2018 2:30pm
    #1
    One More Toy
    Registered Users, Registered Users 2 Posts: 3,880 ✭✭✭


    Hello

    My friend has asked me to help him out with registering a second sole trading income

    I cannot for the life of me see where this can be done. I see talk of eRegistration but I cannot find it; could someone help point me in the right direction?

    Much appreciated in advance!


Comments

  • #2
    thegolfer
    Registered Users, Registered Users 2 Posts: 346 ✭✭thegolfer


    One More Toy wrote: »
    Hello

    My friend has asked me to help him out with registering a second sole trading income

    I cannot for the life of me see where this can be done. I see talk of eRegistration but I cannot find it; could someone help point me in the right direction?

    Much appreciated in advance!

    You don't.

    When submitting the income tax return you just note the additional income. Prepare two p&l accounts for them, as trade 1 and trade 2.

    Be careful Of The VAT registration thresholds, if not already registered. It's cumulative turnover, not separate.

    Could also get a second business name, and separate bank accounts, depending on the person.


  • #3
    One More Toy
    Registered Users, Registered Users 2 Posts: 3,880 ✭✭✭One More Toy


    thegolfer wrote: »
    You don't.

    When submitting the income tax return you just note the additional income. Prepare two p&l accounts for them, as trade 1 and trade 2.

    Be careful Of The VAT registration thresholds, if not already registered. It's cumulative turnover, not separate.

    Could also get a second business name, and separate bank accounts, depending on the person.

    Doh! Was told something completely different by the Ros helpdesk. Thank you so much


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