Outsourced Accounting – How Different is it From In-House Accounting?

Let’s first understand the importance of accounting before we delve into the specifics of the choices that any business has. Whenever anyone ventures out to start any business, there are three common reasons: a) Make profits b) Grow to a global level c) Give back to society by way of employment & revenue by way …

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6 Accounting Tips Smaller Firms Can Use That Big Companies Do

Big companies are typically much better at managing their finances than are small businesses. They have expert accountants, bookkeepers and financial people on staff and they hire talented audit firms. Here are 6 “tricks” small businesses can adopt and use to upgrade the management of their financial system and get the results of a big …

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9 Simple Finance Tips For New Entrepreneurs

We talk a lot about managing cash flow if you start a new business, but less about managing your own finances while you do that! How do you keep your personal finances (and cash flow) organized? 1. Keep ‘Em Separate It is essential that you keep your personal finances and business finances completely separate. Do …

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Employee Fraud

I have been advising business for 20 years and I can say with confidence that employee fraud occurs in over 90% of companies. Granted, the level of fraud varies but remarkably some company directors even tolerate it. I will later describe different types of employee fraud, but first I want to describe to you what …

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Forming A Partnership With Your Accountant

Forming a working relationship with your accountant, either as a business owner or as an individual who wants to take control of your financial future, is perhaps one of the most important partnerships you can build. Unfortunately, a lot of people fail to do this and only spend a few minutes talking with their accountant …

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Review Your Business to Prevent Losses

If you don’t have financial controls in place, it’s not a question of whether people will steal from you, but when. The best way to ensure that your company won’t suffer from property or financial loss is to be savvy. As the old adage says, an ounce of prevention is worth a pound of cure. …

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How To Reclaim VAT Paid In Ireland By A Foreign Business

The world of business is truly done on a global scale. In the past only the biggest corporations could afford to invest in opportunities in foreign markets. But with the advancement in technology and the rise of e-commerce more and more businesses are trading abroad. That means there are more foreign based companies that are …

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Top 7 Tips For Starting a New Business

Many people want to start a new business. Well starting (or re-starting) a business can be challenging but it is certainly a great time to be considering this as an option. If you have been keeping your ear to the ground you will probably have noticed that more and more start-ups and springing up. For …

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What are your obligations regarding register of employees?

When it come to owning and running a business there are many rules and regulations that need to be adhered to. Some are well know such as VAT returns and others are less well known. The revenue commissioners are always refining how these rules and regulations work. Some times they make major changes and sometime …

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Startup Refunds for Entrepreneurs (SURE)

If you are an employee, an unemployed person or were made redundant recently and are interested in starting your own business you may be entitled to avail of the tax refund available under SURE. An unemployed individual or an employee who leaves employment and invests by means of shares in a company, which carries on …

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