“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” Franklin D. Roosevelt Last week we looked at some of the tax implications of buying property in a company. We
As most people are now aware the Temporary Wage Subsidy Scheme (TWSS) has been extended by the Government. Revenue have issued some updated guidance to give some clarity on this and how the extension will work. Some of the key points to note: The TWSS has been extended to 31 August 2020 The eligibility criteria
This is a question that we are often asked. This week we will return to our “You ask We answer” series of blogs. Last week we looked at how Comerford Foley could help you set-up a company. We also explored how using our services could help you. To find out more Read here This is
In the last few weeks, we spoke about the problems you may be having in your business. The problems ranged from paying too much tax to not being in control of your numbers Read here Last week we looked at some solutions to those problems. We looked at how a company could be the answer to
We are very aware that the biggest cause for concern for business, at the moment, is the Covid-19 crisis. There are a lot of difficulties in certain industries such as the hospitality sector. There has been some good news from the government, with a focus on industry-specific supports. They will introduce these in the coming
Many business owners make the annual trip to their accountant with a sense of fear. You don’t know what tax bill you will face and are uncertain if you will have enough funds to pay it. Your accountant will hand you their bill at the same time. Often you don’t get your accounts and taxes
Next week sees a number of changes to the Temporary Wage Subsidy Scheme (TWSS) come into effect. I attach the latest Revenue FAQ’s and Guidance for reference. The scheme is moving to what is referred to as the operational phase. Revenue will be using actual calculations from now on based on the information that they
It is indeed very strange times out there. None of us could have dreamed, in our wildest imagination, what is currently going on and the changes this has made to the usual freedoms we take for granted. We have been fortunate enough that we are still working and rather than having an office base we
Get that happy feeling. We had an offsite day in Worklab recently to review what went well last year and what didn’t go that well so that we can make improvements in the areas where we are weak on. One of the major things that I noticed was some of the very positive things that
Having no cash will land a business in trouble – even a profitable one. Unfortunately, profitable businesses aren’t exempt from the necessity of maintaining healthy cash flow. There’s a reason the phrase ‘cash is king’ exists. The King doesn’t get demoted the minute profit steps up to the throne.
