What is a Deed of Covenant? A client asked us that question during the week. It’s a question we have on our Income Tax checklist. We send a checklist to clients to fill in before we complete their Income Tax returns. It got me thinking about covenants and the tax benefits for the payer and
Good tax compliance is so valuable. It has never been as important as it is now. That sounds like something the Chairman of the Revenue Commissioners would say! True, but from a practitioner’s viewpoint we can see the value it gives to clients. In this, we will outline some examples of good tax compliance and
What will be your take home pay in 2024? We are all budgeted out at this stage. I had enough after getting my 5th of 9 budget briefings. When deciding on a blog topic I asked myself what interests people the most. For me, it’s the amount of extra cash in my pocket. To pay
My friend John calls me a bean counter, knowing that I am part of an accountancy and tax business. The bean counter reference is an accusation. A not-so-subtle dig at the accountancy profession. He doesn’t hold accountants in high esteem and is brutally honest about it. I came across the Bean Counter Cafe on my
Price increases and value. Is the price increase tolerable for your client because they see value in your service? This question punched us in the face recently. Michael, our client, was about to leave as he got a cheaper price. He said to me “as my financial advisor what would you advise me to do?”
We will look at some key Income Tax dates and how it will cost you if you miss them. Let us introduce you to Mick and Dick Moody. They are brothers and farm in partnership together. They love their music and have a wedding band called the Moody Blues. Mick has a very relaxed style
Happy New Year to all our readers. We will look at the reasons why you should outsource your bookkeeping. The plan is to compare what your bookkeeping looks like now to what it could look like. Some people are not into the numbers. Our client once told us that he’d rather pick potatoes for a
For Business owners, we will look at 5 tips for 2023. So much happens in such a short time it is difficult to have thinking time. Work, family, events, and now Christmas presents and the Christmas dinner. It is hectic. You will relate to this “By working faithfully eight hours a day you
Our focus is to give you ten last-minute tax tips that could save you some money before the Income-tax deadline. The idea for this came from a tax meeting I had with a friend, Dash O’Donnell, who has a local business. Dash has a very good accountant but only found out about her large tax
A Quality Payroll Process is Vital for Your Business Having a quality payroll process is vital for your business. Getting it wrong can be costly for you and your employees. Getting it right saves you time and money and gives you the headspace to focus on other areas of the business. We will look at
