Job offer to go self employed can u explain?

P

paddylad

Guest
Hi,
I am currently an employee paying taxes etc... Ive being offered a job for which Ill have to look after my own tax. I think its called class C. Can anyone tell me the pro's and con's about this? I really am not sure about this. Any help or information would be greatly appreciated?

Regards

Paddy
 
You should have a look at [broken link removed] and Tommy McGibney's [broken link removed]. And maybe talk to an accountant.
 
Just to be clear - you're not being offered a job. You're being offered a contract for some work as a self-employed contractor. So no paid holidays, no sick pay, no employer pension contribution, no guarantees beyond the duration of the contract.
 
If the conditions are right however it might be for you. Your tax situation will not be that difficult in terms of filing annual returns if you only have a single client.
 
extopia said:
If the conditions are right however it might be for you. Your tax situation will not be that difficult in terms of filing annual returns if you only have a single client.
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It's quite difficult to be self-employed with only one client. If this was the case, you may have to set up your own company. That way, your client would be hiring your company and not you. Breaks the conflict.
 
with regards to no annual leave paid holidays, pension etc etc I will have this as it is with a foreign government embassy. Its a full time permanent job. but I will not be classified as an employee to pay tax here if you understand what I mean? I am just basically very nervous as too whether this is a major down point to taking this job?
 
For what it's worth I know somebody who worked in this way with an embassy (the Cuban embassy as it happens) and they had no problems. You would be as well to tease out the issues before taking the job though. Talk to an accountant to find out what you would need to do.
 
Hi Paddylad,I work for an Embassy in Dublin and I am classed as self employed. I get all annual leave holidays, sick pay, pension etc. The only thing you dont get is the PAYE credit and you have to file all your own taxes every October. I pay class S prsi.Hope this helps.Casperjack.
 
casperjack said:
Hi Paddylad,I work for an Embassy in Dublin and I am classed as self employed. I get all annual leave holidays, sick pay, pension etc. The only thing you dont get is the PAYE credit and you have to file all your own taxes every October. I pay class S prsi.Hope this helps.Casperjack.
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That's certainly a new one on me. I've never come across a self-employed person who gets all these benefits.

I fail to see how you get permanancy as a self-employed person. Is the initial contract perpetual? What are the contract termination terms?

This guy certainly found that he wasn't permanent - From http://www.emigrant.ie

The dispute over the dismissal of a house manager employed at the Irish Embassy in Paris has been amicably resolved. Before Anne Anderson took up the position of Irish Ambassador to France she indicated that she required a female house manager and that Eduardo Ramos' services were no longer required. Not only did this leave the Filipino national without a job, but without accommodation for himself, his wife and their daughter. Monetary compensation acceptable to both sides has now been agreed and the Ramos family will vacate the apartment this month. Details of the settlement were not revealed.
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casperjack said:
Hi Paddylad,I work for an Embassy in Dublin and I am classed as self employed. I get all annual leave holidays, sick pay, pension etc. The only thing you dont get is the PAYE credit and you have to file all your own taxes every October. I pay class S prsi.Hope this helps.Casperjack.
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Unless the Revenue have struck a special deal with the international embassies in this State, I would imagine that they would take an exceedingly dim view of such arrangements and on discovery of same seek to tax all earnings to date according to normal paye/prsi rules plus of course interest and penalties.
 
ubiquitous said:
Unless the Revenue have struck a special deal with the international embassies in this State, I would imagine that they would take an exceedingly dim view of such arrangements and on discovery of same seek to tax all earnings to date according to normal paye/prsi rules plus of course interest and penalties.
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The fiancee of a friend of mine used to work in the Dutch embassy. She too was self-employed. Baffled me, but there must be some scheme in place.
 
RainyDay said:
That's certainly a new one on me. I've never come across a self-employed person who gets all these benefits.

I fail to see how you get permanancy as a self-employed person. Is the initial contract perpetual? What are the contract termination terms?

This guy certainly found that he wasn't permanent - From http://www.emigrant.ie (www.emigrant.ie)
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Would you be protected under employment legislation even if working for an embassy directly in any event? (i.e. possible issues with diplomatic immunity etc.)
 
dam099 said:
Would you be protected under employment legislation even if working for an embassy directly in any event? (i.e. possible issues with diplomatic immunity etc.)
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Has it anything to do with the fact, that if you are working in an embassy, your actually in theory working in a different country?
 
Hi paddy,

To get back on topic, I was a contractor for a few years, went self employed and went the whole hog and created my own company and all. I seem to remember something about class C being along the lines of you are an employee of an umbrella company or some such. Not much help , but I do know some people that can give you all the information you require and do all the admin required as well.

The company is called DCA ireland. They specialise in services for contractors, from the inital setups required and your on going tax and vat etc etc. They do of course charge, buts its fairly reasonable for the peace of mind.

All I basically had to do was tell them who to invoice and for waht amounts, they dealt with all the tax and stuff.

http://www.contractingireland.com/

They moved recently are in dublin 1. Recommend you ring them and they can discuss the various options open to you.

Contracting can be a very up and down business. I had times where I would work for a few weeks, get a load of dosh for it, but then had to be very wary of spending it as wasn't sure when the next contract would come in!! so quite annoying at times.
 
Weebob,

it sounds like you work for this crowd. They offer a very poor service to contractors and anyone I know who has used them dont speak highly of them at all. They offer the world to get you to sign up but then they basically do nothing for you.
 
Paddylad, I
think the best thing you can do is talk to an accountant.
My other half is a contractor and uses an accounting firm called Noonan Casey (he found therm via recommendations from other contractors). They seem to work a lot with people in your (possible) situation, and I'd say that they may be the best people to give you the information you need. From memory there are around the Dame St area in Dublin.
I think there was another link somewhere on the site discussing this company, so check it out, and if you know any contractors ask for recommendations.
 
Paddylad

be very carefull......revenue can look at the facts of you contract for services and deem it to be an employment contract. this is happening in the construction trade an awful lot these days
 
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