Entries by Jim

Tax Allowable Deductions

Are you claiming all of your allowable expenses when doing your taxes? Most people know about the PAYE tax credit and the Earned Income Tax Credit.  They also know about Pension allowances and Medical Expenses. Not as many know about what the Revenue call Flat Rate Expense Allowances. Flat Rate Expenses Flat-rate expenses are those […]

Why are accountants so expensive?

I understand.  You are running a business and it’s hard to make money.  Then your accountant comes along and presents you with a big fee, anything from € 600 to possibly €1,500 or more per day for his or her work.  You struggle to understand why it can cost so much. I have been running […]

Understanding Financial Statements

Do you understand financial statements and how they relate to each other? Over the years, I have developed and delivered workshops on Finance for non-financial managers.  As part of those, I developed some simple scenarios to explain the key points. This series of videos uses those scenarios to explain what each of the three main […]

How to calculate your breakeven point

One thing I am often asked about is how to calculate your breakeven point. Video on how to calculate breakeven (6 min) Other relevant articles If this topic is relevant for you, you may  also be interested in the following blog posts. The nuts and bolts of accounting How to prepare financial projections How much […]

Review of Xero – the cloud accounting software

Review of Xero – the cloud accounting software If you run a business, the likelihood is that you will have heard of Xero, the online accounting system.  It seems to be everywhere these days. Are you wondering if this is something that you should be using?  Maybe you are frustrated by your current accounting system […]

AIB Online Banking v BoI Online Banking

AIB Online Banking v BoI Online Banking Do you use internet banking in your business?   Maybe you’re a bit frustrated with the online banking product that you are currently using and you are trying to decide if you should switch.  You might just be frustrated with your bank for other reasons and want to know […]

Comparison of the different types of accountants

Comparison of the different types of accountants Do you need to hire an accountant but you don’t understand all the different types of accountants and how they differ?  Your relationship with your accountant is very important.  A poor decision could have negative impacts on profitability or the amount of taxes you’ll pay.  You need to […]