Sole trader and tax

Danye · 2025-02-17 22:24:07

Hi all, As a sole trader, if I wanted my take home fee to be a clear €300 a day, how much should I be charging to cover the tax that I would have to pay? Is there a percentage that I need to apply? Similarly, if I had a helper who wanted to clear €180 a day, what would they need to cover their tax etc. Thanks in advance.

17-02-2025 10:24PM

#1

Danye

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Hi all,
As a sole trader, if I wanted my take home fee to be a clear €300 a day, how much should I be charging to cover the tax that I would have to pay?

Is there a percentage that I need to apply?
Similarly, if I had a helper who wanted to clear €180 a day, what would they need to cover their tax etc.
Thanks in advance.

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Comments

#2 25-02-2025 11:04AM

CWMMC

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Join Date: November 2021

Posts: 220

https://www.boards.ie/discussion/2058396999/sole-trader-and-tax

Hello,
Unfortunately your missing a bit of information here which would be needed to calculate this figure as it varies from person to person. Such as what are your tax credits, are you married or any other information. How many days per week will you be working? As typically your tax at 20% for the first €44,000 (if your single) and then 40% of the balance.

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