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Business possibilities

  • 13-10-2021 3:46pm
    #1
    andyd12
    Registered Users, Registered Users 2 Posts: 404 ✭✭


    Hi,

    I am considering starting a heating and plumbing company as I am a plumber. I have some questions about it though.


    I am also an engineer and currently work as one.


    However, can I set up a business while on the PAYE system? To get things moving before jumping back into the plumbing.


    Is the sole trader or Ltd company a better route for me?


    Thanks in advance



Comments

  • #2
    ablelocks
    Registered Users, Registered Users 2 Posts: 4,903 ✭✭✭ablelocks


    can you come and do a job that 3 plumbers have told me for the last 3 months that they'll do it next week?😁

    you can be self employed and paye at the same time, as long as you tell the revenue. I'd say sole trader until you hit a certain revenue level that makes it worthwhile to move to ltd company, but you'd need to check with an accountant. Get an accountant (once you've got a regular income from the plumbing.)



  • #3
    andyd12
    Registered Users, Registered Users 2 Posts: 404 ✭✭andyd12


    Hi, if you can pm me, I could certainly look at the job.


    OK for example... Can I claim vat back on diesel, tools etc if also on the PAYE system?



  • #4
    silver2020
    Registered Users, Registered Users 2 Posts: 2,045 ✭✭✭silver2020


    Probably best to ask in the plumbing forum as there are many self employed plumbers there that can give you first hand knowledge

    https://www.boards.ie/categories/plumbing-heating



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