Hi, I have a quick question around part-time employees
Sure – what’s the question Cillian?
Well, I setup a consulting company in my own name a couple of years ago and I've been keeping the money in the company for now, while I also have a half time job. I'd like to start paying myself out of the company this year, but I won't be giving up my other job
I'm not sure how to set this up in Bullet
Is your other business a limited company or sole trader?
I'm a PAYE worker 1/2 time and my consultancy is a limited company
The first thing is that you need to register yourself as an employee for your own limited company. You can ring up revenue to do this. After that, they will register you as an employee of your company, and give you tax details for that employment. You can download these details from ROS (it's a P2C file) and import it into Bullet. After that, you can start paying yourself, and Bullet will calculate the tax etc, and the P30 returns.
Note that none of this will interfere with your PAYE job - the tax credits that Revenue give you for your limited company will reflect the fact that you've got another job.
If you expect to earn more money in your limited company than your PAYE job, you might ask revenue to transfer your tax credits to that employment. If not, there's no need to ask them specially.
That's very helpful
Please login or Register to Submit Answer
68Hi John, Peter & Louise,I’m having trouble emailing an invoice from Bullet. My client hasn’t received it or the option to pay by Stripe and I am not recieving a copy even though I have clicked the option to send a copy to me as well? My client has a gmail account so I don’t know why there would be an issue but I have a new ".media" domain extension which might be causing difficulty?Can you please let me know if you are having an difficulty with this or if it can be fixed?64Hi Peter: I’m one of the IADT students working on Bullet with Paddy Condon: I’ve entered my info under my own email account: It is it possible to add Paddy in as the "accountant"? How can I change from Ltd Company structure to sole trader?on this account as the account I set up using the student ID55HI. I’m having trouble reconciling the bank account. When I enter a wage that also has expenses for that period Bullet records it as one amount. When we transfer pay though the bank there is one transaction for the pay and a separate one for the expenses. When I try to reconcile the bank account in bullet I can’t select the two bank transaction that equal the single transaction created by bullet. Is there a way to do this. Thanks59Hi there. I have just set up an account, I chose the option to include VAT but im not sure if I need to pay VAT – can I change my account between VAT payable and not payable?56Afternoon! Can I check with you please. My trial has expired for enhanced Invoicing. I’m not sure what that is. For the moment, as it is only ME, I thought I was only using the basic requirement. The note says I will lose my current Invoice template and Invoices. Help!