Entries by Jim

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 […]

What do you need to know about Value Added Tax (VAT)?

What do you need to know about Value Added Tax (VAT)? Are you one of those people who doesn’t feel totally confident about VAT? I have been qualified as an accountant for over 30 years now and my work experience includes working at Finance Director level in large multinational manufacturing plants as well as helping […]

How difficult is changing accountants?

Are you worried about changing accountant? Maybe you are dissatisfied with your existing accountant but worried about changing, fearful that it would be a lot more hassle than it’s worth? From time to time, I get asked by prospective clients how difficult is it to change accountant.  Some accountants like their clients to think it’s […]

Best approach to implementing improvements

Best approach to implementing improvements What’s the best way of improving something in your business?  This is one of the most common questions that we come across when working with clients. With over thirty years of experience working on improvement projects, I have seen a lot of different approaches but there are a few common […]

How to choose accounting software

How to choose accounting software Are you looking for new accounting software?  Do you need help in making that decision? You could be a start-up or you could be a mature business who realises that your existing accounting software isn’t doing what you need it to do. Many businesses get recommendations from their accountant.  In […]

Cost of Part-time or Virtual Financial Controller

Cost of a Part-time or Virtual Financial Controller Are you running your own business and struggling with the finances?  You would love to have your own financial controller but you can’t afford a full time one. You have heard someone mention part-time financial controllers and that sounds interesting.  But you are still wondering how much […]

Not confident about Product Costing or Pricing?

Every business needs to have a good understanding of its product costs.  If it doesn’t it could end up quoting or pricing incorrectly.   You could have a situation where losses on one product are wiping out profits on another product. So how do you improve your understanding of product costs? The first thing to understand […]

What do I have to do to get a business loan?

One of the questions that comes up often is from someone who is having trouble getting a business loan.  They are frustrated and want to know what they need to do to get that loan loan. To answer this to have to first put yourself in the shoes of the bank manager. Understand how the […]

Allowable Motor Expense Rates (2017)

Allowable Motor Expense Rates (2017) Revenue amended the rates for claiming motoring expenses with effect from April 1, 2017. Given that most businesses use these rates as the basis for Revenue-approved motor expense claims for businesses, you should be aware of the changes. The key changes are: They have increased the number of distance bands […]