Below is a range of courses/workshops that run throughout the year for anyone who is starting up in business. If you are interested in any of the courses or require more information, contact our Enterprise Officers:

Rosemary Lyons –

Sinead McDaid –

Telephone – 074 93 62218

Start Your Own Business

As you know “Start your own Business” training is a necessary requirement for entry to the Back to Work Enterprise Allowance Scheme (BTWEAS). If you have been accepted on BTWEAS and have not completed training, it is recommended that you do so as soon as possible.

This training is also very beneficial for those interested in starting their own business and for exploring the whole idea of going self-employed.

We are pleased to advise that our next two day course is now organised – full details and Course Outline is attached.

Date: Runs throughout the year

Venue: Inishowen Development Partnership, St. Mary’s Road, Buncrana

Times: 9.15 (am) sharp until 4.30 pm.

Cost: €20 for both days

Bring: A Pen, Paper and your Lunch. Tea and Coffee will be available.

We have 15 spaces available and we have interest from 55 people – places will be offered on a first come first served basis.

For a full course outline please click here – Start Your Own Business Course Outline

For more information contact Rosemary Lyons or Sinead McDaid on 0749362218


VAT Workshops


This course helps people involved in the preparation and maintenance of records understand VAT and the importance of completing VAT returns correctly. It will clearly demonstrate when you charge output VAT and clarify the input VAT you are entitled to reclaim.

Date: Various times

Time: 2pm to 5pm

Venue: Inishowen Development Partnership Offices, St. Mary’s Road Buncrana

Cost: €10

For: All self-employed persons who are considering VAT registration or who are registered for VAT

No. Places for 15 people

Workshop content:

  1. Who must register for VAT, thresholds etc?
  2. How do I register for VAT?
  3. How do I calculate my VAT?
  4. Goods and Services at the standard rates, how do I calculate the relevant VAT rate?
  5. Difference between “Exempt” and “Zero rate” and exempt goods and services
  6. Goods and services at zero rate e.g exports, reduced rate 13.5%, e.g. building services, second reduced rates 9% (mainly tourism activities)
  7. Repayment of VAT to unregistered persons
  8. How to I manage my VAT obligation for my Business established in Ireland and only supply services to customers abroad which are taxable where received – e.g. foreign aspects
  9. Record keeping for VAT purposes


Followed by a Open Question & Answer session


Offered by the Inishowen Development Partnership Enterprise Unit.


Manual Bookkeeping Workshop

One day Workshop

Keeping Records as a small Business Owner

Venue: Inishowen Development Partnership Office

Location: St. Mary’s Road, Buncrana, Inishowen.

Course Date: Runs at various times throughout the year

Times: 9.00 am (sharp) to 5.00 pm (subject to change)

Cost: €10 per person

Bring: Pen, Paper, Calculator and Lunch

(Tea/Coffee will be available)

Your success in business will depend on good record keeping practices and a solid cash flow. Without good records it is simply impossible to determine the financial condition or profitability of your business. As a small business owner you should be familiar with and recognise the importance of proper record keeping requirements and cash flow planning. When setting up a company, regardless of the size, there are requirements under the Companies Act regarding the maintenance of books and records. It is important that you are aware of the legal requirements and ensure that you are able to produce the required information.

Accurate financial record keeping is crucial to your business for the following reasons:

  • To provide financial data that helps you operate more efficiently, thus increasing your profitability.
  • To identify all your business assets, liabilities, income and expenses. This information can then be used to compare with your sector’s averages and highlight your strengths and weaknesses.
  • Good records are essential for the preparation of your End of Year Tax Returns and financial statements. These statements are critical for maintaining good relations with your bank and Revenue.

Course Content:

Topic 1 – Good Documentation for Book Keeping

  • Invoicing – content, detail and VAT analysis where relevant.
  • Importance of source documentation to support good book keeping.
  • Fixed Asset Register.
  • Controlling and filing information in an organised and easily retrievable manner.
  • Minimum requirements of information needed to arrive at a basic Profit & Loss Statement.

Topic 2 – Cash Books and Bank Reconciliations

  • Cash Books – Basic money in and money out for those who do not need to record specific sales and purchases transactions.
  • Analysed Cash Books for money out for those who require more detail especially for budgeting and cash flow.
  • Petty Cash – Imprest System.
  • Bank Reconciliations.
  • Cheque writing and the current move to “electronic payments”.

Topic 3 – Sales

  • Recording Sales in more detail than in the basic money in and money out scenario.
  • Sales VAT.
  • Debtors Control.

Topic 4 – Purchases

  • Recording Purchases in more detail than in the basic money in and money out scenario.
  • Purchases VAT – need for differentiating between Purchases for Resale and Not for Resale.
  • Creditors Control.

Topic 5 – Cashflow / Budgeting

  • Debtors Control.
  • Creditors Control.
  • Cashflow management.

Topic 6 – Overview of VAT Returns and Profit & Loss Calculations

  • Profit & Loss calculations.
  • VAT3 returns.
  • TR1 forms.
  • Overall summary of content covered during the one-day Workshop.


Please advise the Enterprise Officer of your interest and if numbers are sufficient this Workshop will run.