This is a discussion on Register as a sole trader within the The Business Aspects of Web Work forums, part of the Webmaster Discussion category; Hi all, I'm new to this site, but recognise a few names from boards.ie I am wondering how many of ...
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| Hi all, I'm new to this site, but recognise a few names from boards.ie I am wondering how many of you develop sites in your own spare time, while working as a full time employee. A friend of mine is a graphic designer, and between us we are setting up a couple of sites. Basically, he does all the front-end stuff, and I plug in any back-end coding that's required. At the moment, I am just invoicing him for any work. We've only started doing it this year, so my first tax return is due this year. I know I can just declare any extra earnings, but I don't know what I am able to write off as an expense. Is there anything to be gained by registering as a sole trader, or am I best off just declaring it at the end of the year. I'm certainly not going to be reaching the VAT threshhold anytime soon, so that's not a concern. If I continue just declaring it as extra income, can I claim part of my mobile bill, broadband, computer parts, occasional mileage and all that? thanks in advance, Eoin |
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| I'm a full time employee but also run several websites in a part time basis. As far as I am aware you cannot claim anything back unless you are a registered business, so I have been told by the tax man. |
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| While you may not be able to claim anything back, I understand you only declare your profits (i.e. your earnings less expenses). So, I suppose what my question should have been: what can you off set as an expense against your earnings? |
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