Rental Income – Tax Facts If you have a rental property you may wonder how to calculate the profit (please God you have one) or loss on the property. The first thing to be aware of are that rentals are calculated on a receivable basis so you look at what you get for each month
Future of SME Sector Accountancy Services The traditional Accountancy service provided by practices to SME’s is compliance focused. The main aspects of such a service are: Ensuring your tax return is completed on time and you know your tax liability Completing and filing year-end accounts Preparing annual returns for submission to the Companies Registration Office
Company or Sole Trader? In light of the economic recovery that is instilling more confidence in people to set up their own business we are often asked by clients what is the best structure for me to carry on a new business? When this question is posed to us we try and get as much
Adding to the bottom line – New Year, new focus Accounting is not just about compliance. This may come as a surprise to some small business owners, but a good accountant can offer so much more than basic bookkeeping and year-end accounts. A modern, forward-thinking accountant, such as Comerford Foley, looks beyond those statutory accounts
Planning for the future – the importance of forecasting The New Year is just around the corner, so there’s an increased urgency to get on top of your 2016 planning and to start thinking about the future of your business. With the real-time numbers provided by modern cloud accounting software, such as Xero online accounting,
