It’s all about the numbers! While you could spend hours and several pages trying to explain what business is about, in essence it comes down to profits. The only way of knowing the profitability of your business at any stage is to have a real understanding of the numbers. As one of our more entrepreneurial
The fear factor with accounting: ‘If it’s not broke, don’t fix it’ Are you scared of changing to a new accountant? It’s something we hear a lot from businesses in Ireland: a fear factor associated with moving to a new adviser. You may realise that your existing accountant isn’t quite delivering everything that they could
Why your accounts and tax return are far from boring Your basic accounts may seem like the least exciting part of your finances but, in fact, they’re the bedrock for your financial management. In the world of small-business accounting, we’re at an exciting time. New breeds of online accounting software, integrated cloud applications and flexible
The various sources of lending finance are illustrated by the graph below.
New Location for Comerford Foley! Following five successful years of growth, local chartered accountants and tax advisors Comerford Foley are moving premises. After trading for some time from their previous premises in Dunhill, they are moving closer to their Tramore clients by establishing a new office in Riverstown Business Park. Work on the new office
In any sales focused business the analysis of the P&L can be the cause of great debate. In its simplest form a profit & loss account will tell you whether you are profitable or not. While an extremely important review, looking at it in this one dimensional view does not feed into assisting with making
Construction begins on the new space for Comerford Foley! We’re growing and ambitious so we decided to invest in a new space. Our new office is tailor made to our specific needs of servicing the people we work with. It will also be somewhere we can call our own. (We’re aware the current construction site
Shareholder agreements: why your small or family business needs one When you’re at the start of a business’s life cycle, the last thing on everyone’s mind will be disputes, a change in shareholders or even the failure of the business. These are scenarios that you hope will either never apply, or will occur at a
Tax planning for succession: what it means for your family businesses After a long career building up or running a family business, there will come a time when, as the owner, you want to consider retirement. This succession of the business to the next generation – or even the outright sale of the company –
New S62A in the Vat Consolidation Act 2010 In Revenue’s most recent e-brief no 55/2014 they give details of a new S62A in the Vat Consolidation Act 2010 which deals with the adjustment of deductible Vat in relation to unpaid consideration. The section provides for an adjustment of the amount of Vat deductible where a
