Business Fundamentals for Childminders – Expression of Interest

Business Fundamentals for Childminders  – Expression of Interest

IMPORTANT INFORMATION:

• This portal is for expression of interests only.

• To be eligible for this programme participants must to be registered with revenue and either availing of the €15,000 childcare services relief or paying tax on childminding profits 

• This programme is subject to demand.

 

Who Should Attend?
This programme has been designed for new and existing childminders only that are Registered with Revenue to provide childminding in their own home.

Course Aims & Objectives
The main objective of the programme is to give participants knowledge that will help them to manage the business aspects of their childminding service, as well as understand the responsibilities required of self-employment.

It also introduces them to some of the key business basics that inform business decisions, helps them put in place a Revenue compliant bookkeeping system, manage their own accounts and Revenue returns, determine their best option around tax exemption.

This course is aimed at new and existing childminders who are registered with Revenue that want to:

1. become more business focused in their thinking and approach,
2. understand income & costs, and how to properly calculate each,
3. have a Revenue compliant bookkeeping system in place,
4. understand the taxation system and be in a position to make a decision around tax exemption / tax return option,
5. have the learning and know-how to keep proper accounts and make their own tax returns.

Course Outcomes:

On completion of this programme it is anticipated that each participant will:

• Be more business minded in the  delivery of their service..
• Know what is required to meet legislative requirements.
• Understand income & cost and know if their childminding project is feasible as a business.
• Have a Revenue compliant bookkeeping system in place.
• Understand sole trader taxation system.
• Be able to compile annual accounts and make their own tax return.

Couse Outline

This programme has been designed to be delivered over seven weeks, one evening per week as follows:

Week 1;

• Finance
• Costing, Pricing, Income Forecasts
• Revenue Requirements & Returns

Week 2;

• Bookkeeping for Self-employed

Week 3;

• Bookkeeping for Self-employed

Week 4;

• Understanding Tax Calculation
• Viability Analysis
• Tax Exempt / Returns

Week 5;

• Marketing
• Customer Service & Professional Service Provision

Week 6;

• End of Year Accounts – Preparing EYA

Week 7;

• Revenue Online Service – Tax returns through ROS

Dates & Times

• To Be Confirmed

Cost 

• Waterford Chamber Skillnet are currently taking expression of interest for this programme. Should there be enough demand to run this programme, the cost will be €200pp