Entries by ecovis_adm1n_17

TAXING TIME FOR EVERYONE

Most people think that self-assessment tax returns only apply to the business community. It’s an easy assumption to make given the advertising campaign that goes into reminding business owners of the October 31st deadline. But all workers, and even pensioners, must submit a return to Revenue every year.   In a lot of cases, the […]

CAN YOU CLAIM?

Right now, people up and down the country are preparing to submit their tax returns for 2011. It can be a time of great stress and worry for those who do not have their paperwork in order but, even for highly organised people, there is a chance that money is being thrown away.   Few […]

THE GOLDEN RULES OF BOOKKEEPING

Second to managing customer accounts and attracting new sales, bookkeeping is one of the most important functions in any business. If you’re diligent and have proper processes in place, you’ll have access to timely information that shows the true performance of your company. If you’re ambivalent in any way, though, your business could wind up […]

PLANTING THE SEED

Two weeks ago, I looked at the Business Expansion Scheme (BES) as part of DCA Accountants and Business Advisors’ investment advice series. An extension to the BES is, of course, the Seed Capital Scheme, which is another tax refund for new enterprises.   The Seed Capital Scheme is very similar to the BES but what […]

TAX DEADLINE LOOMS LARGE

This is the time of year that owner managers dread most. With the tax return deadline looming, most SME business owners are keen to make sure that their house is in order and that their files are up to date ahead of the cut-off point.   But it doesn’t have to be a time viewed […]

BUSINESS EXPANSION SCHEME – DO YOU QUALIFY?

In the first of a series of investment focused pieces, Declan Dolan takes a closer look at the Business Expansion Scheme.   Wary investors are treating today’s market with extreme caution and who can blame them? After all, the turbulence of the last three years hasn’t exactly inspired confidence – even those at the higher […]

HOW TO PAY YOURSELF TAX EFFICIENTLY

Even when a business is operating profitably, paying yourself a good salary isn’t quite as straightforward as you think. Owner-managers of small businesses are subject to several obligations that they need to be aware of before they begin paying themselves, along with the same taxes as any ordinary employee. Business owners can, however, control and […]

SETTING UP A BUSINESS – YOUR OPTIONS

SOLE TRADER/PARTNERSHIP   Setting up as a sole trader is the easiest way of establishing a business. However, sole traders can only be registered to individuals; if you find yourself in a situation where you are registering a business with another individual or indeed, more than one other person, the business can be registered as […]

BEWARE THE DANGERS OF BAD CASHFLOW MANAGEMENT

Cashflow management is one of the biggest problems facing Irish businesses today. A company may well be able to monitor its profit and loss results on a month-to-month basis but regardless of profit forecasts, no business can expect to continue to trade if it is not in control of its cashflow.   To pinpoint the […]