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
We would always encourage our clients to have their numbers up to date. If you don’t know your numbers then you are not in control of one of the most important parts of your business. After all your business is about the numbers, the margins, profitability, gross profit, net profit and cost of sales. If
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
A few updates following yesterday’s latest announcements which we have attempted to summarise below A brief video explain this e mail is at this link – Explainer Video 1. Pandemic Unemployment Payment This has now been increased to €350 per week. If you have already applied or received a payment at the lower rate there
I will not pretend to be an adviser that has all the answers for business owners on this. I absolutely don’t. What I can say though is that I am a business owner myself and so I can relate to all the uncertainty that business owners are facing……a number have already been forced to make
Like all business owners we have been spending the last few days trying to come to terms with the worsening Covid-19 situation. While the health of the nation is the most important thing at this time, as business owners, we are all extremely uneasy about what the future holds. We have attempted to summarise below
In light of the procedures announced yesterday by Government to help to interrupt the transmission of COVID-19, Revenue have today outlined some important advice and arrangements taken to assist SME businesses experiencing cashflow and trading difficulties arising from the impacts of the virus. Revenue has provided advice in 3 areas (SME, Subcontractors and importing goods)
These are also called “golden handshakes” or ex-gratia lump sums. It is an area that can sometimes be forgotten by accountants when advising their clients and can be useful as part of the overall planning exercise when an employee or company director is ceasing employment. This could be at retirement, on a business sale or
We are back with our blog series on business exit planning on what is a gorgeous sunny day out there, even though it is a Monday. Elections are over and while we know most of the people that got in we are still waiting on the results of the European and mayoral one. Never do
