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Preliminary tax in first year of business

movinghome2018 · 2018-10-08 07:49:38

Hi all, I am self-employed, I moved back to Ireland in July so this will be my first year paying income tax here. I need to pay preliminary tax for the current year. I can roughly estimate what my profit will be, but how do I know how much tax I'll be paying on it? Is there a rough percentage I can use? Appreciate any…

08-10-2018 7:49am

#1

movinghome2018

Registered Users, Registered Users 2 Posts: 3 ✭

Join Date: June 2018

Posts: 0

Hi all,

I am self-employed, I moved back to Ireland in July so this will be my first year paying income tax here. I need to pay preliminary tax for the current year. I can roughly estimate what my profit will be, but how do I know how much tax I'll be paying on it? Is there a rough percentage I can use?

Appreciate any advice!

0

Comments

#2 10-10-2018 10:30am

Henry Ford III

Moderators, Business & Finance Moderators Posts: 17,858 Mod ✭✭✭✭

Join Date: January 2006

Posts: 17524

You need to hire an accountant.

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