This blog aims to give you some insight into taking a dividend from your company. Sometimes, clients ask us, “Is it better to take a salary of a dividend?” In most cases, a salary or bonus is better but not always and it will depend on the circumstances. The big advantage of salary is that
So, yes there was a sole trader to limited company last week. We introduced you to Prince Murphy and some of the main taxes when making the change. These included Income Tax and Corporation Tax. It was very insightful to see the tax savings over many years. We also touched on the salary that Prince
I want to show you how investing in the numbers can add value to your business. That can make you richer and make everyone happier. Including Revenue. What sparked this idea was a call from my friend Johnny this morning at 8.20. “Well Johnny, what’s up”? “I’ve to tax the van and I need to
I was on a webinar yesterday that got me thinking about selling our services. How do we sell them, as in our sales process, and our perceptions about price, value, and affordability? What does the client expect and what do they think about the service they’ll get? The webinar was about Income Protection and what
This week I want to explain how business problems create personal problems. I had a meeting on Wednesday afternoon with Niall. There was one major thing he wanted to achieve in the next few years. And it wasn’t a business goal but a personal one. It got me thinking about how the business interacts with
You can transform your business with Dext by going digital. In your business, time is money. Every hour of productivity counts and the hours you spend swamped under financial admin impact your bottom line. The solution? Cut out clunky manual processes and replace them with slick, automated systems to free up hours every month. It
What can I claim VAT back on is a common question posed to us. The bookkeeping team here is well-versed in claiming VAT back for clients. They do this every two months for most clients and VAT can be quite a complex area with all the different rules. There will always be queries when it
With bookkeeping do you need help? Gone are the days when one person can keep on top of all the changes coming thick and fast. Arriving like an express train into your inbox from the well-oiled Revenue machine. Let’s look at What is bookkeeping? Current system The good, the bad & the ugly Time for
The difference Xero makes to the lives of business owners can’t be overstated. The digital accounting software has been created specifically for entrepreneurs, designed to free up your time and give you a treasure trove of actionable insights. We’ve already looked at how cloud accounting will help your business, but let’s get more specific: here’s
In 2024, using spreadsheets for your business accounting is clunky and inefficient. Desktop-based programs like Excel require extra hours and effort that could be spent developing your business. The answer? Digital accounting software. When operated correctly, this cloud-based technology streamlines your finances and yields reliable data you can use to your advantage. Let’s look at
