You Ask, We Answer – “Why would my business be selected for a Revenue Audit?” We are continuing our series of posts about what you need to know when it comes to your taxes. These posts are based on real world questions that we’ve been asked by clients. So, if you need help with anything
Growth Sucks Cash – Ideas To Tame The Monster No matter how profitable you are or how your business model might be the best out there or even how many outside supporters and investors you have interested in your business; if you’re not able to manage your cash flow successfully, your company will not survive.
Tax Tips Prior to Year End Part 2 Welcome back to the second part of our tax tips that you can get on board with prior to the end of the year! We start off on our fifth tip! Small Gift Exemption This can be an effective way of passing on cash to children or
Tax Tips Prior To Year End Part 1 Deciding how much you need to pay The Taxman every year is no fun. Unfortunately, it is a necessary evil. But how can you save a bit of your tax bill this year? Have no fear, Comerford Foley is here! Home Renovation Incentive – [HRI] Who
My Business is Growing! Scaling Up – An Overview Throughout the growth stage, your business will encounter many challenges. It may seem any early problems you had to overcome were minor in comparison to these challenges, but the truth is it’s all relevant. It’s therefore important that processes and procedures are in place which will
Taxes in my Food Business! Thankfully the weather is super as the hurling followers in Waterford, Kilkenny and Tipperary have had their pride dented in the last few weeks. At least things are looking very rosy for our neighbours in Wexford with a great victory over the Cats and Tadhg Furlong getting the nod for
The Food Business Profit & Loss Account We deal with a considerable number of food businesses. One of the things that we always stress (and with all business owners for that matter) is to understand the profitability of your business. To know whether or not your business model is profitable is essential and not something
How do I get that Loan? We have previously written blog posts about planning and forecasting. As part of any plan the need for finance to fund business growth will become apparent. The worst thing that any business can do would be to follow a plan that suggests it needs funding, but ignore the funding
New Company – What Next? Over the last 12 months we are thankfully seeing more and more businesses not only commencing but starting to grow and generate more profits. This is very positive to see and is resulting in previous “one man show” type businesses starting to take on an employee or two. When a
Business Sale – What to do with a €230k Tax saving? We would often talk with business owners and one of the questions we always ask is about the long term plan of the owner. Quite often, in reply, we get a glazed look as to know what we mean by that. When you are
