Management Grinds to college students in the management stream: what to charge?

I have been asked to give Management Grinds to college students in the management stream. I have all the revelavent knowledge and qualifications to do this, but I have no idea what to charge per session. Can anyone tell me what would be reasonable to charge in this instance?

rates for grinds

Secondary school teachers charge 25 per hour to students. That is in the Leinster area.

I am a bit soft, and have charged 20 per hour for 3rd-level grinds, but from now on I aim for 25 an hour.

All the above is un-taxed, into the hand.

I am also teaching grinds, to a group of 2 students, taxed, for 35 an hour.

Re: rates for grinds

Don't you get even a little bit embarrassed about admitting that you are a tax evader?

the real world

I will openly admit that I am a hypocrite.

I preach all the time (like you) about tax evasion in Ireland, property tax incentive schemes, etc.

At the same time I teach the odd grind, not many, and do not pay income tax on them.

Maybe 100-200 income per year.

My father makes 150 per week on grinds tax-free.

My argument is that my amounts are not material, in the accountancy sense of the word.

Still, you are correct, I do evade tax.

As do thousands of teachers in Irteland, thousands of landlords, and hundreds of thousands of Credit Union members.

You do have the high moral ground here.

Re: the real world

Hi Protocol

You correctly point out that the issue here is materiality. I don't think that the Revenue wants the hassle of people declaring very small amounts of money for tax purposes. Of course, they will not say this officially. I doubt if the Revenue wants to kill off every nixer in the country.

If you are earning €200 a year, you are underpaying your tax by around €100 a year. You have better things to do than start keeping books for this and the Revenue have better things to do than chasing you for it. For example, they are better employed going after people like your father, who should really be worried if he is not paying tax on it. It only takes one student to report him.

The fact that thousands of Credit Union customers and other evade tax is irrelevant.



Brendan

never mentioned

My father isn't worried. I don't think any of the thousands of teachers who give grinds are worried at all.

He has taught grinds for 20 years or more. Maybe 5-6 a week, during school time. Currently 25 euro an hour.

There are also grind schools, i.e. businesses that employ teachers to give revision classes to maybe 15-20 students. My father has never done these but he hears they pay well, untaxed.

How they can do this, I don't know.

Re: never mentioned

As the bogus non-resident account holders learnt to their peril, the fact that Revenue aren't focussing on this area now does not mean that they will not focus on this area at some time in the future. While it may be difficult to find a paper trail proving this income, it may well be possible to prove the gap between their declared, regular income and their visible, disposed income.

Re: never mentioned

I would have thought that relevant teachers (if this is as widespread as indicated above) would have more than others to fear from the Revenue. It's not as if they are a diverse bunch - all that needs to happen is that someone in Revenue decides it's time to have a go at the teachers and the PAYE returns will be available from the schools or the Department.

Plumbers, IT workers, solicitors, etc . . . as a group would have a large number of employers, but teachers have a limited number of employers.

To me at least, this makes them identifiable or targetable from a Revenue perspective.

The problem with this type of situation is that if you are asked/required to make a return for a given year you are suddenly faced with the dilemma that you either have to actively provide incorrect information (as distinct from passively not making the return) or else provide and wonder will someone in Revenue wonder whether you had similar income in previous years. Of course, if you have been making returns over the years without declarig the income then you have a pattern of filing incorrect information which will not look good. At all.

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