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Business in which I pay for a companies advertising on FB

  • 14-01-2019 5:36pm
    #1
    MissDaisyChain
    Registered Users, Registered Users 2 Posts: 1 ✭


    I started up a social media advertising business. I have a contract with the county council to run a facebook page. They also want advertising on facebook and it just hit me how that looks to tax.
    I get €120 a month for what I do and then €40 on top for the advertising. So my invoice is €160.
    For facebook I pay the tax of 23% so if I put an advert up and it costs €7.70 I then pay €10 for it.

    With income tax be charged on that? If not then how do I charge for it? This is my first time doing a business and I have nowhere to ask questions. Please can someone help me or point me in the right direction?


Comments

  • #2
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,873 ✭✭✭✭Calahonda52


    Not sure if I read you correctly, why not bill them for the advertising or is the 40 a fixed amount to pay for ads

    “I can’t pay my staff or mortgage with instagram likes”.



  • #3
    MarioLuigi
    Closed Accounts Posts: 54 ✭✭MarioLuigi


    MissDaisyChain wrote: »
    I started up a social media advertising business. I have a contract with the county council to run a facebook page. They also want advertising on facebook and it just hit me how that looks to tax.
    I get €120 a month for what I do and then €40 on top for the advertising. So my invoice is €160.
    For facebook I pay the tax of 23% so if I put an advert up and it costs €7.70 I then pay €10 for it.

    With income tax be charged on that? If not then how do I charge for it? This is my first time doing a business and I have nowhere to ask questions. Please can someone help me or point me in the right direction?

    Sorry MissDaisyChain it's difficult to follow your post, are you asking how you should charge the county council for the €10 including VAT? Or how your income is taxed?

    We need some more information, are you registered for VAT and do you charge it on your invoices? Are you a limited company or sole trader?


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