Tax Changes to Your Business After the Budget
The DCEB 'Tax for Beginners' training module will teach you the basis tax issues that arise for sole traders or limited companies. Are you claiming tax back on your R&D?
DCEB 'Tax for Beginners' module
- Tuesday 26th May 2009
- From 14:00 – 18:00
- Venue: National College of Ireland, IFSC
- €40 per person
This module will give the participants the necessary information to enable them to deal with tax issues in a number of tax areas and register for PAYE/VAT etc.
The module will also ensure participants gain all the information they need on any key agencies involved, the processes involved in dealing with such agencies and the steps they should be taking to ensure that they are managing their businesses in a legal manner.
- Tax Registration for Companies & Individuals
- Introduction to Tax to include (i) VAT, (ii) PAYE, (iii) Income Tax, (iv) Corporation Tax & (v) Capital Acquisition/Inheritance Tax
- Tax Compliance & Deadlines for Payment
- Tax Rates
- VAT Invoices-Details to be disclosed on all Invoices
- Professional Services-Withholding Tax
- Stamp Duty
- ROS -Revenue on Line
- Benefit in Kind {BIK}
- Pension Rules
- Motor & Subsistence
- DIRT Tax
Following this course you will be able to;
- Register for PAYE {ROS Revenue on Line}/VAT etc,
- Complete VAT Returns,
- Know their liabilities for tax payments,
- Know up to date tax rates
- Have knowledge of Capital Acquistion Tax {CAT}/Inheritance Tax
- Stamp Duty, Benefit in Kind {BIK}, Deposit Interest Retention Tax {DIRT}
- Witholding Tax & How Pension Premiums are dealt with from a tax point of view.
The training will be delivered by John Higgins has worked as a Senior Bank Manager with Bank of Ireland & Bank of Scotland Ireland. He has competed a number of Banking Courses and holds a Qualified Financial Advisor {QFA} Certificate and also a Joint Financial Services Diploma {JFSD} in which he covered taxation extensivly.
Businesses urged to claim tax back for R&D
Irish SMEs are being encouraged to check if they qualify for research and development tax credits.
Potentially eligible R&D activities include: integration of telephony and voice technologies, smartcard interfacing, integration of mobile technologies, improvement in processes and operations, and automation of manual activities. SMEs who want to support their claim must have proper records, a feasibility plan, progress reports, a list of personnel involved, lab reports and any patents or patent applications. "In particular, the definition of what can be termed R&D is broader than most business people realise and tax credits are not being claimed due to this lack of awareness," said Donall Curtin of the Institute of Certified Public Accountants.
See www.ENN.ie for more.
Source: Enterprise Ireland's E-Business Live