BLOGS, NEWS & UPDATES
I never came across an accountant like you before!
Form of Business – Sole Trader v Limited Company
Which form of business? If you are starting out in Business, you have several decisions to make. A key decision is to decide which form of business to use. Will you trade as a sole trader or will you trade through a company? You may not fully understand the...
Common Problems when working with accountants
If you are a business owner, you probably have an accountant. Sadly enough there are some common problems that arise when working with accountants. Having a good relationship with your accountant is very important. This is because your accountant prepares and helps...
Review of Collsoft Payroll 2018
Your Payroll needs to be well managed Most business owners I know are a little bit frightened of payroll. If you don’t manage it properly, you can end up with a big bill at the year end. If you agree to pay an employee's wages on an after-tax amount – agreeing to...
Review of Sage 50 Accounts
Choosing new accounts software can be a challenge. You want something that you can use yourself so that you won’t always be dependent on someone else. You want it to be reliable so that when your review your Profit and Loss you can believe it and you can be...
How much does it cost to prepare financial projections
You are considering getting financial projections prepared but worried about how much this might cost. You have probably heard a lot of numbers bandied about. I have heard of business paying up to €5,000 for a set of projections. Some of those numbers can be quite...
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...
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 high fee, anything from € 600 to possibly €1,500 or more per day for his or her work. You struggle to understand why accountants are so...
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...
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) https://youtu.be/ikltE7SeErY Other relevant articles If this topic is relevant for you, you may also be interested in the following blog posts. The...
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. That is why I found it important to make a review of Xero. Are you wondering...
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...
Reducing the cost of preparing your Annual Accounts
Reducing the cost of preparing your Annual Accounts Are you conscious of your business costs and do you want to reduce the cost of getting your annual accounts and tax done? It’s a common issue and one I will address in this article. As you may know, I am a qualified...
What do Venture Capital Companies look for in a business plan?
What do Venture Capital Companies look for in a business plan? Are you a start-up business, looking to bring in some Venture Capital Investment? You know you need to have a business plan but you are not sure what to include in this business plan. I have been...
8 things you need to know about Value Added Tax (VAT)?
[av_textblock size='' font_color='' color='' av-medium-font-size='' av-small-font-size='' av-mini-font-size='' av_uid='av-kgpq4gha' custom_class='' admin_preview_bg=''] Are you one of those people who doesn’t feel totally confident about Value Added Tax? I have been...
The easy steps to changing accountants?
Are you worried about changing accountants? Are you dissatisfied with your existing accountant but worried about changing accountants? This could be because you are fearful that it would be a lot more hassle than it’s worth? From time to time, I get asked by...
10 elements required in improvement projects
The best approach to implementing improvement projects What’s the best way of implementing improvement projects? This is one of the most common questions that I come across when working with clients. Let me start by stating that I have over thirty years of experience...
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 on how to choose accounting software? You could be a start-up or you could be a mature business that has realised the existing accounting software...
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...
How to Master Product Costing
Every business needs to have a good understanding of its product costing. 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...
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....
Get The Strategic Advice You Need To Grow Your Business
If you’re looking to increase your profitability, improve your internal processes
or take the next step in your business growth, we can help.
Find out more about our business partnerships