Essential Guide To Ensure Business Continuity Coronavirus is here and the WHO has now declared it a global pandemic. Business owners must continue to monitor the impact of the coronavirus outbreak on their employees, facilities and supply chains as decisions may need to be... Continue reading
Unless you’re running a small business with very few transactions in the year, using a pen and paper ledger is not really an option. These days, the majority of business accounting is completed using accounting software. Accounting software allow business owners to manage your... Continue reading
A business partnership arises when two or more people (up to twenty) have a business venture where the purpose is to generate a profit, without having formed a company. Business partnerships can be very effective and enable entrepreneurs to achieve great success. However, it... Continue reading
Liquidation occurs when a business is unable to continue trading and needs to shut down its business operations. This can be due to a variety of reasons but for the most part, it is because of financial difficulties. Winding-up a company in Ireland can... Continue reading
Company insolvency is a difficult topic. Failure is a word that every business owner dreads. Nobody sets up a company to fail, but unfortunately, it is a reality. It is important that you do not ignore obvious indicators that a business is in trouble... Continue reading
The time of year has arrived for self-assessed taxpayers to get their affairs in order. This means you must submit a tax return (Form 11) every year to Revenue. The traditional date that the tax return had to be filed by was always the... Continue reading
You’ve without doubt heard the old saying that “cash is king”. If cash is king, then cash flow is the lifeblood that keeps the heart of the business pumping. Once up and running, you’ll soon find out that cash flow management is probably the... Continue reading
If you’ve chosen to set up as a sole trader, as most start-ups do, you have the option of incorporating your business – i.e. changing to a limited company – further down the line. There are various reasons why you might be considering a... Continue reading
Often described as a roadmap to success, a business plan is a written description of your business’s future. Its purpose is to outline what you want to do with your business and how you plan to do it. The importance of a business plan... Continue reading
