First Time Contractor
Rather than being in the 'service' of your employer, as a Contractor, you 'provide services' to a company. When contracting, you will be paid on a daily or hourly basis for your services.
At Truway Accounting, our team of qualified accountants help your business register you with Revenue, set up your Limited Company, help you set up a business bank account, register for Value Added Tax (VAT), set up your Payroll arrangements for weekly/monthly payments, Provide you with the best tax saving structure possible.
Lets get started by setting up your Business
PAYE Umbrella Company
All payments are processed through the PAYE system under PAYE Umbrella Company, with accurate deductions and assessments of tax, PRSI, and USC to ensure you're fully compliant with accurate taxes.
This is an ideal alternative for Professional Builders and IT Contractors who work on short-term projects or who want to keep their Class A PRSI contributions.
Director Umbrella Company
An Umbrella Company (Director) is a quick and easy accounting solution that enables professional IT contractors in Ireland to start working as self-employed contractors the same day.
You get practically all of the benefits of being a director of a limited company without having to pay the same amount of resources to set up your own limited business.
Personal Limited Company
The company is a separate legal entity, which can safeguard your personal assets from business creditors if the firm is unable to pay all of its debts and must discontinue operations for whatever reason.
A Private Limited Company allows you to hire employees or subcontractors, claim business expenditures, set up a pension plan, and have more control over bookkeeping and payroll management.
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