Business Tax 101 – Limited Companies

Welcome to Business Tax 101 – Limited Company from Clever Burdy

This is a bespoke, relevant and real-life example based course covering a host of business tax topics that every business owner should know and understand. What if you learned something now that will potentially save you thousands in Income tax for years to come? We have handpicked every topic with this course to include the most relevant and important topics for limited companies.

You may be a start-up, perhaps you have been in business for years or you may be a sole trader starting your journey as a limited company but we can guarantee you will walk away from this bespoke course feeling more confident that you have gained a broad knowledge of the business tax headings that affect most business owners in Ireland. Navigate your business with absolute ease from this point on.

CPD Hours: 7 hours

Areas covered in the course:

• Taxation of Limited Companies
• Registering as a Limited Company
• How does a Limited Company differ from a sole trader?
• Advantages & Disadvantages of being Limited
• Record keeping
• Allowable -v- disallowable expenses
• Losses
• Corporation tax & preliminary corporation tax
• Employment taxes and registering as an employer
• The employee contract
• Benefit in Kind (BIK)
• Small benefits
• Reporting payroll to Revenue and the statement of account
• Capital allowances – what are these and how do they differ to other expenses
• Capital allowances on motor vehicles
• Selling, disposing or scrapping of assets
• VAT – what is it charged on?
• The VAT thresholds in Ireland
• The sales invoices -v- the cash receipts basis for VAT
• Electing to register for VAT
• VAT that can not be claimed as a deduction
• Filing VAT returns
• Revenue Audits – how to avoid or how to survive
• The Revenue Audit process
• Mitigation
• The Revenue Sheriff