Common mistakes Business Owners make.
Are you Guilty……? I have encountered various common mistakes that business owners make. Here are some of the most common ones: 1. Lack of planning Many business owners fail to create a well-thought-out business plan that outlines their goals, strategies, and tactics. Without a plan, it can be difficult to stay focused and achieve success. […]
Tax Tip – Pension changes and the impact for business owners
Tax Tip ! This is a positive change for employees and business owners? These changes came into effect on 1st January 2023. 1. Employees They will now be given the same tax treatment as scheme members of occupational pension, in relation to any employer contributions to their pension scheme. Previously on the employers contribution paid […]
Tax Tip – Medical check-ups
Tax Tip ! Can a company provide a Medical check-up tax free to employees? There are not many opportunities for employers to provide benefits to their employees (including Directors) tax free but this is one of them. 1. personal health A company may pay for one medical check-up each year for each employee. The guidance […]
The Company Balance Sheet
5 Key things that the Company Balance Sheet can tell me.. what will a balance sheet tell me about my business? A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a particular point in time. It provides information on the assets, liabilities, and equity of a business. […]
Interested in growing your business? – We examine the origin of 5 well know brands that became household names
Interested in growing your business? Being different and showing how you are different can a way to separate yourself from your competitors. The bread and butter of success is often a simple vision that is executed with focus and perseverance from the founder and the team around them. However it is the interesting stories around […]
Is it time to fire yourself or your CEO?
Is it time to fire yourself…… Do you get distracted and find yourself doing things that are below your pay grade, if so you need to pass these on to someone who can do them quicker and free up your time to focus on sales and increasing your bottom line. 7 Ways CEO’s let […]
New Revenue reporting on expenses coming
Heads up! More Headaches for business owners coming in 2024 So what are these new reporting requirements and how will they impact you and your employees? Revenue are joining up all the dots and want you to help them with enhanced reporting on payments being made to employees and/or directors. These are being labeled “Enhanced Reporting Requirements” and […]
STATUTORY SICK PAY (SSP) FROM 2023: WHAT IRISH EMPLOYERS NEED TO KNOW AND DO NOW
Statutory sick pay (SSP) from 2023: What Irish employers need to know.. The entitlement to sick pay starts on 1 January 2023 and will be rolled out over four years, once the Act is commenced. Statutory Sick Pay Scheme – Key elements Take into account that both full and part-time employees can avail of paid […]