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Challenges of Running an Owner – Managed Business
As a business owner, you're no stranger to the juggling act of managing work commitments alongside personal responsibilities and aspirations. Between the demands of running your business and attending to your personal life, finding time to strategise for long-term success can feel like an uphill …
10 Benefits of Accounting Automation for Your Business
In the past year, businesses worldwide have increasingly focused on cost-cutting measures, targeting inefficiencies across their business. Yet, amid this drive for optimisation, many overlook an obvious solution: accounting automation. Exploring the realm of automated accounting reveals a range of benefits to your business. …
Tax Warehouse Payments are Due on 1 May 2024
On February 5th, 2024, the Minister for Finance declared that the interest rate applicable to warehoused debt would be reduced to 0%. This significant development aims to alleviate financial burdens on businesses, offering relief during these challenging times. …
Increased Cost of Business (ICOB) Grant
Eligible businesses who pay rates will receive a once-off grant payment in 2024. The amount of the grant is based on the value of the 2023 Commercial Rates bill for the property your business occupies. However, it is not a Commercial Rates waiver and businesses …
Foreign Earnings Deduction (FED)
Are you a resident in Ireland for tax purposes but occasionally work abroad? If so, you might be eligible for a valuable tax benefit known as Foreign Earnings Deduction (FED). Understanding the ins and outs of FED can help you optimize your tax situation and …
How To Read a Balance Sheet
A balance Sheet is one of the fundamental financial statements that provide a true and fair view of your business entity’s financial position as of a specific date. It displays all the financial assets and liabilities of the business. Assets are what the business owns …