Hi there
Really need some help here. I'm hoping to set up as a childminder in my own home. I know I can earn up to 15k per year tax free but what happens if I go over that? I understand I have to pay tax on the full amount. Is there any way I can calculate what that would work out at - what is the percentage tax I'd have to pay/account for prsi etc? I just need to try and work out what monthly income I'd have if I go over the 15k. I'm completely useless at understanding our tax system so any advice "for dummies" would be greatly appreciated.
Thank you.
Lami