FA1 – Accounting Basics for Beginners

Basics of Accounting Explained for Beginners | Medicaps University

😂 #foryoupage #fyp #foryou | accounting

€4,000 tax credit. That’s €20,000 before PAYE Tax kicks in. If you have a business hire your kid to do a job in the business. You need to make sure it’s an actual job. 1. They did a job title 2. A job description with duties 3. An employment contract 4. They need to be paid into their own bank account. It’s a great way to save for them in the medium term and it’s a business expense against your business profits too. Win win