This session aimed at childminders & participants working in the Childcare Sector, will be delivered online by Sarah McGuinness of SM Accounting Solutions

Programme Objective

• 1. To explain the Revenue obligations of a sole trader childminder
• 2. To explain and discuss the Childminders Tax Relief
• 3. To explain and demonstrate the financial records and ‘Books’ that must be kept
• by childminders and in what format (Excel spreadsheets will be used)
• 4. To teach and explain the expenses that can be claimed by childminders
• 5. To explain the differences between assets and expenses and their impact on
• the accounts and tax bill
• 6. To explain the Profit and Loss account and what childminders will be taxed on

Course Content:

• Revenue Obligations and Registering as a Sole Trader
• Allowable business expenses
• Assets, Liabilities, Income, Cost of Sales and Expenses
• Working from home allowances
• Assets Vs Expenses – tax implication
• Keeping and recording financial records – ‘Doing the Books’
• The Profit and Loss Account and Income for Tax purposes
• Tips to save tax

Why Should You Attend:

• All participants will receive a set of notes by email at the end of the class.
• Clear demonstrations by the trainer using Power Point on Zoom
• User-friendly case-study used as the training tool.
• Interactive learning.

While this course is open to everyone, if over-subscribed priority will be given to Leitrim based businesses.