Business Plan Template With Comments Page 12
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20Accounting & Taxation
Who will do your accounting?
Name:
Address:
Phone No:
Fax No:
Email Address:
Who will be responsible for the day-to-day book-keeping of the business?
(Issue invoices, Accounts payable, Accounts receivable, cash book etc.)
What procedures have/ will you put in place for this?
Think through how it will happen when you are up and trading, who will do what?
Don’t learn the expensive way by making big mistakes!
Is your business VAT registered?
What are the main rates of VAT that apply to your business?
VAT
Don’t assume you don’t have to register.
Turnover exceeds €50,790 to supply goods
€25,395 to supply services one is obliged to register
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