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Blog - Page 10 of 10 - Starting a Business in Ireland | Help for Ireland's Entrepreneurs | Start Up Your Own Business

The question of whether a person should be classified as an employee or self employed is an important one, David from www.irishaccounts.ie explains the difference.. In a lot of cases, the business owner will want the employee to be treated as a self employed individual because: 1) There will be no liability to Employers PRSI. In some cases employer’s PRSI can be as much as 10.75% of the gross salary of the employee. 2) There is no exposure to unfair dismissal which means that the individual can be hired and fired without any issues arising. There is no obligation to pay a wage every month as it will be linked

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In Ireland, a company is deemed to be audit exempt if it fulfills all the criteria set out below in both the current and previous year; * The company must be a Private Limited Company; * The amount of turnover of the company must not exceed €7.3 million; * The total assets of the company are less than €3.65 million at the end of its financial year; * The average number of employees must not exceed 50; * The company must not be a parent company or a subsidiary company; * The company must not come within one of 19 classes of companies listed in the Second Schedule to the

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