5 Essential Apps For Your Paperless Cloud Business

While a completely paper free office may be a fantasy, it is becoming more of a reality. A change of working practices is required to make it work as well as the right tools for the job. Here are my top 5 to help you on your way: Receipt Bank  If there’s one piece of…

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5 signs that your business processes need an overhaul

Untitled design

I was doing some work in an office recently and in the space of a few hours witnessed a number of things that left me speechless. These are things that were once the norm in all businesses but have become all but obsolete in the last few years. Some of these things are not only…

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Don’t bother with an overdraft…an underdraft is much better

Have you ever logged in to your online banking and experienced the sinking feeling when you realise that an important direct debit has bounced? While good cashflow housekeeping practices should prevent this from happening, sometimes something somewhere slips through, a cheque lodgement doesn’t clear on time, the overtime bill was higher than expected, or an…

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Where are my profits?

Where are my profits? Your accounts show a healthy profit, you (or your company) are faced with a hefty tax bill, but… THERE’S NOTHING IN THE BANK!! So if there’s little, or nothing in the bank how do you have profits, and more importantly, where are they. Cash versus accruals I don’t want to lose…

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A couple of unexpected nuggets in Finance Bill 2015

The 2015 Finance Bill was published this morning and is expected to be signed in to law by the end of December. The Finance Act effectively puts in to law the tax aspects of the budget announced on budget day.  Usually there are a couple of surprises that weren’t announced on budget day, and this…

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Company Law Changes 2015 That WILL Affect You!

A brand spanking new Companies Act was signed into law in Ireland just before Christmas. The Companies Act 2014 threatens to Irish company law on its head. The old companies acts (spanning 1963 to 2013) laid out the requirements for a large listed company then, for small private companies (the most common company type in…

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Business startup exemption from tax for soletrades

Business startup exemption for soletrades  Budget 2014 introduced a new business startup exemption for people starting a new business.  This is a significant development as previous similar tax reliefs and exemptions applied only to limited companies. Who is it for? To qualify for this you must have been unemployed for at least 12 months.  There’s…

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Keeping control of your growing business

Did you know… As a company director you have various legal duties including: Keep proper books of account; Prepare annual accounts; Have an annual audit performed (unless the company is eligible for audit exemption); Maintain registers of shareholders, directors, meetings etc; File annual returns with the Companies Office; Safeguard the assets of the company; …to…

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VAT Mini One Stop Shop

Changes to VAT rules for electronic services from January 2015, introduction of VAT mini one stop shop New EU VAT rules are coming into effect which will further complicate already complicated things for providers of electronic services.  The VAT Mini One Stop Shop Rules for electronic services are commencing in January 2015. The new rules…

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Quick start guide to risk management

1. Draft a risk management policy The policy sets the tone and it should be the starting part for any risk management process. It should include things like Risk appetite Responsibilities Frequency of risk assessments Establish whether there is a risk sub-committee Risk categories Risk ranking criteria The policy should be formally approved and adopted…

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