Income Tax Returns 101 – The Tax Blitz Series

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Welcome to “Income Tax Returns 101 – The Tax Blitz Series” from Clever Burdy

Death and Taxes; neither can be evaded but Clever Burdy can teach you how to avoid the latter.

You may be a start-up, a contractor, freelancer or considering becoming self-employed and the one thing you all have in common is you are on your own now and must submit tax returns annually by law. If you have a fear of the tax man or have ever asked the question “How do I file an Income Tax Return (Form 11)?”, then this the course for you.

Navigate your tax and filing obligations with absolute ease from this point on. Even if you have an accountant or tax agent handling your income tax return, the benefits of understanding business taxes cannot be underestimated and this course will guide you on how manage your business money in the most tax efficient way. The age old saying “forearmed is forewarned” must surely have been penned by someone burned by a huge tax bill that could have been avoided by knowing what we will teach you in this course.

Why should you do this course?

If you have a wobble when you think of tax, the Revenue Commissioners, that envelope with the harp then this is your one stop shop to dissolve all those worries.

There is no denying that being self-employed is rewarding but one thing all self-employed people want to know is how to maximise profits, reduce tax liabilities and perhaps even file your own Income Tax Return. For some, the services of an accountant or tax agent is just not feasible so once you have completed this condensed and jam-packed online course you will be ready to tackle your taxes each and every year! Even if you have an accountant, the information in this blitz session will help you make smart choices every day. We have hand picked the most valuable topics essential for anyone with filing obligations.

Who is this course for?

This bespoke course is for savvy business owners, contractors, freelancers,  bookkeepers or anyone with an interest in starting the journey into the world of self-employment. Ideal for anyone looking for a career shake up as it will give you an edge over your competition!

What will you learn?

After completion of this bespoke course, you will have a thorough understanding of how the tax world works for anyone with self-assessed income. You will learn how to register for Income Tax using Revenue Online Services (ROS), what expenses are allowable as a deduction against your income and more importantly what expenses are specifically disallowed which enables you to make smart choices. You will understand the implications of capital expenditure and how to record these on your tax return. You will know feel confident and competent in filing a Form 11 income tax return every year and with our invaluable templates you will be fully compliant with Revenue data retention rules.

CPD Hours Awarded: 2.5 hours

Course Length:

Approx 2hrs online viewing time plus allow an additional 30 mins to complete the self-assessment quiz. You will receive an invaluable sample profit and loss template to aid you through our practical example of navigating the Form 11 and calculating a tax liability.

You will have uninterrupted access to any course purchased for a full 6 months from date of purchase so plenty of time to take all this invaluable info in!

Areas covered in the course:

  • Registering for Income Tax using ROS
  • Registering a business name
  • What other taxes can you register?
  • Record keeping
  • Allowable expenses – the logic behind it
  • Disallowable expenses – the rules per Revenue
  • How to calculate taxable profit
  • Losses – how to use them
  • Filing your tax return (Form 11) – worked example and we walk you through the process
  • Determining your liability
  • Preliminary tax
  • The side-hustle and how it can reduce your filing obligations
  • Capital allowances – what are these and how do they differ to other expenses
  • Surcharges for late filing