Set up as a sole trader?

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Hi, I'm looking for advice/opinions. I am unemployed a few weeks now and looking for work, doing some interviews but yet to get an offer.

An organisation that I did some temping for through my last job have contacted me directly and asked me to do some work for them.

They are not in a position to employ me and I no longer work for the company that allowed me to do the temping (they were a Consultancy and took care of all the invoicing/taxes etc).

The organisation wants me to set up as a sole trader so I can invoice them independently as a contractor.

Seems like a lot to do considering I'm actively looking for a position and may get an offer elsewhere any day. But I'd be glad of the opportunity to work while something more permanent comes along.

Any advice/opinions if this is worth the hassle?

Thanks

Calahonda52

Its not a lot to do, assuming the level of income is less than 37,500
https://www.revenue.ie/en/vat/vat-registration/who-should-register-for-vat/what-are-the-vat-thresholds.aspx
which triggers a vat registration

For now all you need is to invoice them
Joe Blogs: x hrs at Y rate= Z euro or whatever they agree and send it in with bank details.
There is no hassle: embrace the opportunity: you then just include the income in your 2019 tax return.
To be prudent, I would put half of it aside for tax PRSI USC, depending on your overall income.
Good luck, go for it!@!

Simonoconnor15

Many contractors choose to operate as a Sole Trader, it is cheap and relatively easy to set up a sole trader business - all you need to do is register a business name with the Companies Registration Office (CRO) and register with Revenue as being self-employed.
https://www.companyformations.ie/company-formations/business-name-registration-ireland/

Calahonda52

Simonoconnor15 wrote: »

Many contractors choose to operate as a Sole Trader, it is cheap and relatively easy to set up a sole trader business - all you need to do is register a business name with the Companies Registration Office (CRO) and register with Revenue as being self-employed.
https://www.companyformations.ie/company-formations/business-name-registration-ireland/

That may be the case but being a s/t has prsi benefits issues etc so a ltd company may be a better idea, I say may.